Sterling bounces back versus U.S. dollar, which inches lower versus peers, U.S. equities flat, whilst European markets sell off In a relatively quiet day for major economic news releases, geopolitical tensions appeared to dominate the talk amongst analysts and investors on broadcast services such as: the F.T., Bloomberg and Reuters on Monday. Tensions relating to […]
European Markit PMIs miss forecasts, USA equity markets rise tentatively as Trump issues threats, U.S. dollar recovers, whilst euro sells off versus most peers Politics dominated the economic calendar landscape on Thursday, with the key figures of Trump and Draghi taking centre stage. Moving on from the frustrations of not being likely to undertake reforms
USA markets sell off after Fed states equities are “quite high”, gold recovers losses ends day flat, sterling recovers, as services PMI data calms investors’ Brexit fears Wednesday provided plenty of fireworks, in terms on economic calendar events and political issues. Several ‘soft’ USA data publications missed forecasts, whilst later in the New York session
USA equity markets end the day close to flat, oil price spikes, gold and silver maintain recent gains, whilst sterling falls, as UK construction data misses forecast As widely expected and broadcast, via the RBA’s forward guidance, Australia’s central bank kept their interest rate level unchanged at 1.5%. Earlier, the Australian trade balance had come
Yen rises versus major peers, sterling falls due to Brexit fears, dollar slips, as do USA equities, before staging a late recovery The majority of the various Tankan surveys for Japan, published on Monday in the early Asian session, missed forecasts. This may have assisted yen rising versus its major peers, gains that were maintained
PMIs, FOMC minutes, political events and non-farm payroll data to dominate the week’s economic calendar landscape Sunday evening will witness the publication of the various Japanese Tankan surveys, these monthly metrics can have a significant effect on both Japan’s equity indices and the value of yen. Last week Japan published data revealing that, despite the
USA GDP rose to 2.1% in last Q. 2016, reflation trades are back on, sterling rises versus its major peers The USA main equity markets experienced positive gains on Thursday, apparently as a consequence of the suggested divergence in monetary policy between the ECB and the Fed; ECB representatives indicating a dovish stance (keeping interest
Sterling falls versus several peers, after UK’s government invokes Article 50, dollar rises, oil advances by over 2%, due to low inventory data Prime Minister May finally delivered her “Article 50 letter” in ceremonious fashion on Wednesday, to the president of the European Council, Donald Tusk, setting out the UK’s position regarding leaving the Union.
U.S. equity markets rebound, oil rises, as the dollar claws back some of its recent losses The USA equity markets arrested their recent slump and bounced back into positive territory on Tuesday. A Conference Board survey recorded a reading of 125.6, ahead of the 116 predicted, which indicated that USA consumers are now more confident,
The Trump ‘put’ trade fades, as does the U.S. dollar value whilst sterling rises, despite imminent Article 50 invocation The secular, U.S. equity markets’ rise experienced since November (since the election of Trump), has not been underpinned by: sound fundamentals, economic confidence, or competence. The recent rally has come courtesy of the “huge” tax cuts
