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
In an echo of season’s past a relatively small European country, Slovenia, revealed that several of its banks require approx. €5 billion in order to pass the E.U. banking stress tests. This situation has a familiar theme to it, it’s reminiscent of the trouble Greek banks found themselves in during 2011. However, the relatively small
The DJIA and other main USA indices suffered quite a significant sell off during the later stages of the New York session on Wednesday due to the (you’ve guessed it) rumours of the infamous taper arriving sooner rather than later. And the ripple-effect was also felt through the FX industry. Many analysts and therefore investors
In a relatively quiet day for high impact news events on Tuesday, potential fundamental policy decisions took centre stage. There were two banking regulation news events that flew under the radar and failed to ignite the interest of the mainstream financial press; namely the Volcker rule finally coming into being and the start of the
Despite Monday being a relatively quiet day on Wall Street there were plenty of high impact news events published and the customary chatter regarding monetary easing took centre stage, on both sides of the Atlantic, providing one of the major debating points of the day… Greece now appears to be locked in a deflationary economic
The ADP report came in with a far bullish jobs count than many economists had forecast, and on Thursday the jobs subject was centred on the weekly unemployment claims in the USA and those numbers were extremely healthy too. For the first time in months the number dipped below the critical 300K level. The number
USA data continues to impress. Could NFP day in the USA throw up a surprise? Read More »
The USA ADP jobs report, that traditionally precedes the NFP data delivered on the next Friday (this Friday), came in well ahead of the expectations from the economists polled. At 215K it was circa 30K better than expectations, whilst the previous month’s figure was revised up to 185K jobs created. Eyes will now turn to
Powered by Black Friday sales promotions and rising incentives, USA auto sales hit a fresh yearly high in November, reaching an unexpectedly high annual selling rate of 16.4 million units. Dealers offered many incentives, some indirectly backed by government initiatives, and finance terms of up to nine years on some models. Auto sales in the
