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Nov 8, 13 •
6841 Views •
Morning Roll Call •
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Comments Off on ECB rate cut takes the market by surprise, Twitter IPO flies, USA unemployment falls, GDP rises, yet the main USA markets fall…
It’s not often we enjoy (or endure) trading sessions so high on drama from all angles, but Thursday was one such day. And for the most part the news was all positive. We had falling unemployment claims in the USA (falling by circa 9K to 336K) whilst USA...
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Nov 7, 13 •
3063 Views •
Morning Roll Call •
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Comments Off on The DJIA closes at record high on Wednesday due to speculation over Fed monetary easing policy as Global output reaches its fastest pace since February 2011.
The ECB will leave its main refinancing rate at a record low of 0.5 percent on Thursday, according to 67 of 70 economists surveyed by Bloomberg News. Bank of America, Royal Bank of Scotland Group and UBS predict that the ECB will reduce borrowing costs by 25...
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Nov 6, 13 •
2653 Views •
Morning Roll Call •
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Comments Off on China needs 10 million new jobs a year in order to expand, USA economic confidence on the rise, whilst New Zealand’s unemployment remains low at 6.2%.
There are some announcements made and data sets that are published, that take your breath away. The fact that the Chinese economy needs to create 10 million jobs per year and must sustain growth of at least 7.2% to achieve that, is one of the more stunning...
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Nov 5, 13 •
3093 Views •
Morning Roll Call •
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Once the rash of European PMIs had been printed on Monday in the European morning session, lunchtime and afternoon was a relatively quiet period for high impact news events. However, the Eurozone’s ‘modest’ manufacturing recovery continues;...
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Nov 1, 13 •
2353 Views •
Morning Roll Call •
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Comments Off on Jobless Claims in the USA Drop as California Begins To Clear Its ‘Off Grid’ Backlog
One of the most important weekly high impact news events, the unemployment claims in the USA, came in as the economists polled had predicted. However, the headline figure that the mainstream media led with, actually betrayed the negative information that lay...
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Oct 31, 13 •
3210 Views •
Morning Roll Call •
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1 Comment
So the biggest event of the day, the week and perhaps the month came and went and the market impact was negligible; the FOMC two day meeting ended today with a whimper not a bang. And once we’d stripped away the layers of rhetoric and sophistication the...
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Oct 30, 13 •
2351 Views •
Morning Roll Call •
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Comments Off on Consumer confidence takes a big hit in the USA, whilst the main USA indices reach record highs…
If ever an illustration was needed, to reveal just how the markets and the USA economy have entered a new normal ‘twilight zone’, then perhaps Tuesday provided it. The afternoon trading session allowed us to witness the complete dislocation...
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Oct 29, 13 •
2156 Views •
Morning Roll Call •
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Comments Off on Pending home sales in the USA fall 5.6% month on month to reach a three year low. Is it a sign of a deeper malaise?
Once again we’ve received disappointing data from the USA as yet another ‘bell-weather’ indicator has missed economists’ expectations and by some distance. Pending home sales in the USA have fallen by 5.6%. The previous month had seen...
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Oct 25, 13 •
2321 Views •
Morning Roll Call •
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Comments Off on More Americans than forecast filed for unemployment benefit whilst USA manufacturing flash PMI missed expectation printing a twelve month low…
The department in the USA govt. apparatus responsible for the weekly unemployment claims number, appears to have got ahead of the curve regarding the missing prints from Nevada and California. Thursday’s weekly unemployment claims print came in at...
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Oct 24, 13 •
2271 Views •
Morning Roll Call •
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Comments Off on Flash consumer confidence index for EU and Euro Area improves, Spain out of recession, but the markets stay negative. Flash PMIs to be published Thursday morning
There was good news regarding the Eurozone and the EA on Wednesday, an official consumer confidence index published by the European Commission showed an improvement. Now despite it coming in at -14.5 that’s actually close to the longer term average of...