OPEC are desperately trying to create a Goldilocks price, but there’s three bears who might not eat the porridge on offer. With the four main USA equity indices breaching record highs (day after trading day) last week, it will be a temporary relief not discussing the Trump equity bounce and bubble over coming days. There’s […]
Black Friday And Its Forgotten Dark Origins It’ll be fascinating to witness at what price USA markets finally open on Friday and how they perform. The futures market for the DJIA roared ahead on Thursday, despite the thanksgiving holiday in the USA, meaning markets were closed. Currently at 19,118 on the futures market at 12am
There’s a saying; “records are made to be broken” and USA indices appear to agree. “Another day another dollar” is also an expression often used by Americans, meaning that everything is ordinary, the same. Day after day, just the same old boring routine. Trump: Hey, what’s up Mrs Yellen? Janet: not much Donald, just another day
On Tuesday, for the second day in succession, all four major USA indices reached and closed at record highs. The DJIA stole the headlines, as the index finally breached the psychological barrier of 19,000, having first rejected the level earlier in the New York trading session. The S&P rose by 0.2 percent to 2,202.94.
Monday’s trading sessions, across Europe and in the USA, saw equities move ahead, with the DJIA and S&P printing record highs, primarily driven by energy, financial and commodity stocks, financial shares have enjoyed spectacular gains since the last recorded high by the S&P index; rising by 14 percent since August 15th. For the first
From the USA we received mixed data on Tuesday; firstly the CB consumer confidence index fell slightly in April, with a reading of 82.3 the index fell from 83.9 in March. House prices in many USA states have continued to rise albeit at a slower pace. This news flies in the face of recent sales
In a relatively quiet day for policy decisions and high impact news events the main USA markets opened up sharply then sold off just as sharply, to then recover much of the early gains in tandem with the news from the Ukraine and the sanctions imposed on individual Russian targets. In other news pending home
After the UK’s CBI business survey report of yesterday suggested that certain optimism data amongst many executives in the UK had risen to a forty year high, all eyes were on the retail sales figures from the CBI which shot up for the fifth successive month. Now focus will turn towards the UK’s retail figures
Wednesday was a busy day for high impact news events most notably the bullish European Markit Economics PMI surveys published in the morning session. This sense of optimism was continued with the news that the UK’s public sector finances had improved. However, peeling back the layers reveals that the record debt just keeps on rising.
In a busy day for high impact news events on Tuesday the Flash Consumer Confidence Indicator for EU and Euro Area came in above the previous readings. In April 2014, the DG ECFIN flash estimate of the consumer confidence indicator increased in both the EU (by 0.8 points to -5.8) and the euro area (by
