There was extremely positive news regarding the UK published in the morning, firstly the IMF opined that in their opinion the UK’s growth in terms of GDP will be the highest in Europe and higher than the USA’s at 2.9% in 2014. Secondly and perhaps the reason cable exploded to the upside despite the UK […]
UK growth to exceed other major economies in 2014 – IMF Read More »
There were slightly conflicting and concerning reports published on Monday concerning the USA consumer; firstly consumer credit rose by 6.4% in February mainly for college loans, auto purchases and home mortgages, secondly the amount Americans reported spending each day in March averaged $87 for the month, identical to February. While spending remains relatively high, this
Is the USA consumer tapped out and relying more and more on credit? Read More »
USA unemployment numbers came in below expectations, In the week ending March 29, the advance figure for seasonally adjusted initial claims was 326,000, an increase of 16,000 from the previous week’s revised figure of 310,000. With NFP numbers being printed on Friday traders would be advised to trade with extreme caution as the print has
USA unemployment numbers disappoint whilst the USA trade balance worsens Read More »
In a relatively quiet day for market movement and momentum the main USA bourses closed up on extremely positive data concerning the USA factory orders and the ADP jobs print. U.S. companies increased payrolls by 191,000 last month, up from a revised 178,000, figures from the ADP Research Institute in Roseland, New Jersey, showed. The
USA factory orders surge as ADP employment numbers come in close to expectations Read More »
A raft of positive data readings from the USA ensured that a positive mood enveloped the USA bourses throughout the afternoon trading sessions. According to the ISM manufacturing report the USA economy grew for the 58th consecutive month and the manufacturing sector expanded for the 10th consecutive month. The ISM index optimism was supported by
Positive data readings from the USA helps SPX reach a new record high Read More »
The main markets in the USA rallied hard on Monday due to the subject of QE returning to the investment landscape. Naturally, the tapering that the Fed are currently engaged in will be brought into question after Federal Reserve Chairwoman Janet Yellen stated on Monday that the recovery still feels like a recession to many
USA markets rally as Janet Yellen promises more stimulus for the USA economy Read More »
The main bourses in the USA closed down marginally on Thursday despite there being some positive data published regarding the USA economy. The USA weekly unemployment claims fell to 311K a fall of 10K on the previous week whilst the 4 week morning average fell to 317K a fall of circa 9.5K. Also the USA
USA bourses close down marginally despite the mainly positive high impact news events Read More »
There was a late selloff in the USA on Wednesday which left investors temporarily bemused, however, the bemusement was temporary as the news that one of the major USA banks, Citigroup, failed the stress test and other major banks in the USA will have to modify their business plans was the cause of the sudden
Citigroup fails USA Fed stress test as its shares fall 4% in late trading Read More »
There were three key releases from the USA which overall delivered fairly mixed messages regarding the USA consumer’s appetite for risk and their overall sentiment. From the USA we received the latest Conference Consumer Confidence index print which showed an improvement month on month. Rising to 82.3 from the previous reading of 78.3 in February.
Equity indices sold off sharply during the two trading sessions on Monday due to the participants at the G7 meeting suggesting that more sanctions and pressure could be applied to Russia for its encouraging of a annexation of the Crimea. In the USA the disappointing data print from Markit did little to cheer the USA
