OPEC finally finds its sweet spot, for light sweet crude. It’s always a relief for: analysts, economists and market commentators when a huge looming economic event, highlighted on the economic calendar, is finally over. The narrative, building up to this particular event, had become repetitive and tiresome; “will they, won’t they, by how much, who’s […]
Renzi’s Italian job, he might “just blow the bloody doors off!” In the 1969 British film the Italian Job, a film depicting a gold theft in Turin, the actor Michael Caine delivered what’s now regarded as a legendary line; “you were only supposed to blow the bloody doors off!” The bank robbers had used too
Mario Draghi reads the riot act to the UK and warns of the consequences of a hard Brexit. “The Riot Act (1714) was an Act of the Parliament of Great Britain that authorised local authorities to declare any group of twelve or more people to be unlawfully assembled, and thus have to disperse or face
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
