U.S. equity markets reversed their earlier weekly losses on Friday, with the SPX rising by 1.60% on the day, the rise has now placed the index back in positive territory for the year; YTD the rise was 2.79% at Friday’s close of business. Both the DJIA and NASDAQ have followed similar recovery patterns, however, the […]
North America’s GDPs will come into sharp focus during the week, Canada is currently producing excellent growth figures and at 3.5% growth, the Canadian economy is top of the growth charts, for the Western Hemisphere. The USA is currently printing GDP growth of 2.6% and economists are forecasting that both countries’ figures will be maintained,
Equity markets in the USA broke their two day losing streak on Thursday, as both the DJIA and SPX closed up, encouraging jobless claims. Falling to a five week low, and continuous claims also falling, added to the overall mood of investor optimism during the New York session. However, many analysts were quoting that institutional
The FOMC minutes, relating to the January 30th-31st meeting were released on Wednesday evening and they offered up very little in the way of clues, regarding the timing of interest rate rises in 2018. Instead the minutes accentuated the positives in the USA economy and with regards to any concerns over inflation building up, the
Both main USA equity markets, the DJIA and SPX, sold off during Tuesday’s New York session, as the markets raced back into life after the close for the President’s Day bank holiday. Both key indices eventually closed down, ending an unbroken winning streak of six days. Certain earnings spooked the markets, most notably the giant
On Thursday February 22nd, at 9:30am U.K. (GMT) time, the U.K.’s official statistics agency, the ONS will publish the latest GDP readings. Both the quarter on quarter and year on year gross domestic product readings will be released. The forecasts, obtained by the leading news agencies Bloomberg and Reuters, through polling their panels of economists,
In a relatively quiet trading day, due to markets being closed as a consequence of President’s day in the USA, the majority of FX pairs traded sideways in tight ranges, throughout the day’s trading sessions. There was very little medium to high impact economic calendar news published, only the Eurozone’s increasing current account surplus, growing
The U.K. economy has (arguably) held up well to the potential negative impact of Brexit. The current YoY growth figure is 1.5% and whilst it’s a fall from the figures of between 2.7%-2.0% that the country was reporting in 2015/2016, the economic Armageddon many predicted after the referendum vote, hasn’t materialized. However, with the clock
The investor tantrums, in relation to inflation fears bringing forward FOMC rate rises, are rapidly fading memories, as the SPX has now enjoyed its best five day rally since 2011. Traders and investors are regaining their confidence and several analysts and opinion formers are busy rewriting their theories, as to why markets temporarily slumped. The
It’s often stated that a week is a long time in politics, a week can also be a long time in the markets. A week after global markets appeared to be in turmoil, as a sell off/correction of 10%+ materialized, U.S. equity markets finally reclaimed some of their lost ground on Wednesday, the DJIA closed
