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
In a quiet trading day, due to the extended Easter holiday period, the main indices in the USA closed up on the day in relatively thin trading conditions. The high impact news published in the afternoon session mainly included major mortgage lenders in the USA revamping their forecasts for the housing market. Both federally controlled
The main USA bourses experienced relatively quiet sessions on Thursday as the Good Friday holiday approached. The latest weekly unemployment claimant count from the USA crept up above the critical 300K level to give a reading of 304K, up 2K from the previous week’s revised figure. In other USA based news the Philly Fed manufacturing
Euro inflation was reported on Wednesday at 0.5%, as many investors and analysts begin to worry that deflation may in fact begin to become an issue for the euro region and the wider EA region, negative annual rates were observed in Bulgaria (-2.0%), Greece (-1.5%), Cyprus (-0.9%), Portugal and Sweden (both -0.4%), Spain and Slovakia
The main indices in the USA whipsawed violently throughout the day in reaction to the developing news breaking from the Ukraine. Having opened up in positive territory the indices fell back, to then close up as improved and better than expected figures from Yahoo late on cheered the market and caused Yahoo shares to rise
Yahoo shares rise 8% in late trading to help improve sentiment in USA markets Read More »
Despite tensions mounting once again in the Ukraine and USA focused investors being concerned that many of the USA indices might be overbought as reporting season begins, the main indices in the USA shot up after retail data in the USA rose sharply at 1.1%, busting expectations of a modest 0.5% rise month on month.
Strong retail sales data for the USA causes USA and European bourses to rise Read More »
As earnings season officially begins in the USA concerns that valuations are sky high, in particular on the heavily tech invested NASDAQ market, caused jitters that reverberated across global markets. The dollar also fell versus the majority of its major peers, falling to a five-month low against a basket of peers on speculation a drop
USA equity indexes sell off sharply on fears that valuations are too high Read More »
The main indices in New York rose sharply towards the end of the trading sessions as the FOMC meeting minutes were released, due to passages within the minutes which appeared to contradict many analysts’ thoughts regarding the pace of interest rate rises. The Fed appears to be backtracking on earlier protestations and is now suggesting
