Morning Roll Call

Thursday saw the main indices and the FX market spark into life after the holiday break. Many European markets sold off considerably in the USA afternoon session, despite the promising PMIs published by Markit Economics in the morning session, then followed by a promising USA manufacturing PMI. Similarly the selloff continued in the USA session […]

The exiting bailout stories are scheduled to come thick and fast in 2014. The much heralded ‘poster boy’ for good austerity behaviour, Ireland, exited in late 2013. But despite the muted celebrations very little has changed visibly in the country’s economy. Unemployment is still incredibly high (in terms of European standards), whilst approximately 400K of

In a relatively quiet trading day, due to many European bourses being closed for a bank holiday, the main high impact news focused on the weekly unemployment claims from the USA. The data came in much better than excepted, however, the previous week’s upward revisions took the shine off the data, as did the rolling

The markets in the USA and Europe closed for Xmas in bullish mood as key data from the USA pointed to increased and improved economic performance. House prices in the USA rose 0.5% in the month according to one house price survey. Durable goods orders in the USA closed up 3.5%, ahead of forecasts of

In a relatively quiet day in terms of high impact news the main equity markets continued their journey north on Monday on the basis of slightly higher retail and other consumption figures from the USA and an improved sentiment publication courtesy of the University of Michigan. Canada’s GDP rose 0.3% in October, in the USA

After the excitement of the unexpected taper decision from the FOMC on Wednesday European markets, which had already closed as the decision was revealed, immediately rallied on open to reach an ‘equilibrium’ with the USA bourses. The USA markets were mainly flat in the afternoon session as the medium to high impact news events provided

The key high impact news event of the day came with an element of surprise given that the majority of economists polled by either Bloomberg or Reuters predicted that the result of the two day FOMC meeting would not bring an alteration to the Fed’s monetary easing scheme. The Fed decided to taper by $10

After yesterday’s sharp rise in equities markets in Europe and the USA, global markets retreated in Thursday’s afternoon session with European indices falling back sharply. This was despite various European agencies publishing positive data regarding the overall state of the European economy. The EUROFIN meetings also provided details regarding the next small tranche of funds

There was plenty of positive data, contained in the high impact news events published on Monday, which cheered the markets in the USA and Europe. After the wave of mainly positive European PMIs from Markit were published in the morning session (with the exception of France which appears to be heading back into recession), the