Deutsche Bank’s U.S. listed shares fell 10% in pre-market trading. European stocks came under pro-longed pressure Friday morning as banking sector woes fail to disperse. The DAX and FTSE 100 indices each fall by more than 2% in early morning trade. Central Banks Investors have been assessing the global centralRead More →
The DOW at a jackpot high! The DOW, S&P 500 and Nasdaq have recently touched all time highs but where now for the U.S. stock market? Is it time for a breather? More upside? Many analysts suggest there is still room for more gains, especially for the S&P 500 –Read More →
Earnings season As fears of the coronavirus outbreak push global stocks into reverse, U.S. companies prepare to unleash their results on the markets. Fourteen of the thirty companies making up Dow Jones industrial Average (DJIA) are due to report this week including Apple and Microsoft. S&P 500 The S&P 500,Read More →
UK FTSE 100 is cheerful today as data shows service sector returned to growth Purchasing Managers’ Index – PMI – for January came in at of 52.4, ( a sixteen month high) and up from December’s figure of 49.3. A figure of 50 or above indicates expansion. The FTSE 100Read More →
Scheduled events Australia unemployment data comes in far better than expected creating nearly 29,000 jobs against consensus of 15,000. EU – ECB interest rate decision due at: 12:45 GMT followed by monetary policy statement at: 13:30 GMT U.S. – Unemployment ‘jobless’ claim data due at: 13:30 GMT Japan – BoJRead More →
Scheduled events 22nd January 2020 World Economic Forum at Davos. UK public sector net borrowing data due. Canada price index data and interest rate decision due. U.S. housing data. Shares in Asia made gains, as earlier investor concerns about the coronavirus in China eased. Netflix results Netflix reported results forRead More →
Missile strikes Iran’s retaliation for the killing of its top military general came overnight as a number of missiles struck two U.S. bases in Iraq. Early reports appear to suggest that there were no casualties. President Trump tweeted, ‘All is Well!’ Oil prices increased as equities fell. Asian stocks pulledRead More →
Third quarter GDP slightly higher than forecast Economic activity in the U.S. grew at an annualised rate of 1.9% in the third quarter. Analysts had expected the GDP figure to come in at 1.7%. The previous quarter was 2%. The better than expected figure was the result of continued consumerRead More →
Another rate cut likely – and then what…? How likely is it that the Federal Reserve will cut interest rates for the third time in a row as US stock markets touch all time records? The general consensus among market analysts and pundits alike appear to suggest a cut isRead More →
Finally the UK parliament makes a positive move to back Boris Johnson’s call for a December election. Will it deliver an opportunity to break the Brexit deadlock or will it deliver yet more uncertainty? Referendum by proxy? My worry is that the UK public will see this as a secondRead More →