Can the Jackson Hole Symposium stop digging the USA economy into an early grave? The markets reacted predictably to the FOMC minutes published on Wednesday. The DJIA falling 105 points to fall through S2 and critically crash through the psyche barrier of 15,000 to finally close at 14,897. The SPX 500 followed suit by closing […]
Markets focus on FOMC meeting minutes published at 7pm UK time Market commentators, analysts and traders will immediately focus on the Fed minutes this evening to see if there’s any ‘code’ contained therein suggesting the timing and a date for a possible tapering of the $85billion per month stimulus. The crucial clues will be language
Mind The Gap; our mid morning session update before New York opens Read More »
Traders looking for ‘code’ from the FOMC minutes Tuesday continued the mini slump global equities markets have suffered over recent days with the USA indices falling to a six week low. Once again fears that the USA Fed will curb its bond purchases, as early as next month, continued to stalk the markets and cause
No Va Va Voom To Greece’s Recovery As China Set To Overtake The USA In Energy Demand By 2015… There’s been mixed news regarding Greece over recent days. Firstly the good news; we recently learned that tourism has increased in Greece versus this time last year. Tourism receipts in Greece have risen by 21% to
In the overnight – early morning session the RBA minutes were published containing the reasons why, in its latest meeting on August 7th, the Australian central bank decided to cut its base interest rate by 0.25% to 2.5%. In the policy meeting notes the bank appeared to be quite neutral, the final paragraph of the
Mind The Gap; mid morning London session update before New York opens. Read More »
Monday registered another negative day for many European equity indices, the European STOXX closed down 1.08%, the UK FTSE closed down 0.53%, the CAC closed down 0.97%. Italy’s principal index, the MIB nearly registered the largest fall of 2.46% only outdone by the Athens exchange fall of 2.95%. USA indices also closed down, albeit
Morning Roll Call August 20th 2013 Read More »
The current economic situation, according to the Bundesbank… By now we’re all familiar with the ‘T’ word – “tapering”. Will the USA Fed taper, won’t they, by how much, how will the equities markets react, will the earth stop rotating..? But how many market analysts and investors turn their attention to former central now more
Eurozone out of recession, Germany’s improved GDP, France out of recession, whilst UK unemployment holds steady… Many of the economists’ predictions, with regards to today’s high impact news events, have become fact. Both French and German GDP numbers have improved and the long awaited, much heralded EZ exit from recession has finally come to fruition,
Mind The Gap; the mid morning London and European markets update pre New York’s open Read More »
The Eurozone is set to emerge from its double dip recession in ‘GDP day’ on Wednesday Figures published on Tuesday by Eurostat, the EU’s official stats office, revealed that Eurozone industrial output rose by 0.7% in June, just a decimal point away from the 0.8% forecast by the economists polled, but still a significant rise
Between The Lines; morning roll call… Read More »
UK inflation falls to 2.8%, German inflation is 1.9%, ZEW index posts at 42 and the Nikkei rose on optimism that corporate tax rates will be slashed as part of Abenomic push. Many commuters will have missed the irony that on the day the UK’s inflation figure is published rail fares for UK commuters are
Mind The Gap; London session update pre the New York open… Read More »
