European Central Bank increases interest rate The European Central Bank (ECB) announced a further rate increase of 50 basis points, despite the current backdrop of market turmoil in the banking sector. The ECB had previously signalled it would be raising rates again at its March meeting – and it did! Pressure InitialRead More →
Stress test The Federal Reserve warned that in a worst case scenario, some banks reserve capital would fall close to minimum capital requirements, with lenders subjected to loan losses of up to $700 billion. The central bank directed 33 of the largest U.S. banks to suspend share buybacks and capRead 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 →
ECB holds rates at 0% and keeps its forward guidance unchanged The European Central Bank (ECB) kept rates unchanged on Thursday, in what marked President Mario Draghi’s last monetary policy meeting before Christine Lagarde takes over. Lower growth The euro zone is seeing lower growth – in part held back by globalRead More →
It has been reported recently that the U.S. Federal Reserve is pumping billions of dollars into money markets and that we apparently have nothing to worry about? Bank liquidity Do you remember twelve years ago when the first financial crisis cracks started to emerge? One of them being a shortageRead More →
ECB unveils new plan to prop up the slowing euro zone economy, yet again European Central Bank cuts deposit rate and launches new bond-buying program Bad news is good news? It’s a case of bad news is good news again for the markets as the president of the European CentralRead More →
Main scheduled daily economic news and data most likely to move markets today, 7th August 2019 Little scheduled major market moving data to report today. Note – China’s yuan China – sets yuan rate at slightly below $7.00. The yuan has been weakening recently as the trade war between theRead More →
Market moving news roundup – events & news likely to move markets 25th July 2019 Company performance, economic and political events and especially market sentiment will always influence market movement. This post is ongoing… Market moving news roundup, 25th July 2019 Brexit – deal or no deal? Enough is enough,Read More →
Scheduled daily economic news and data most likely to move markets today, 25th July 2019 UK – Boris Johnson will chair his first cabinet meeting as Prime Minister Japan – foreign investment data due Germany – business data analysis due at: 09:00 BST EU – ECB interest rate decision dueRead More →
Closing positions of: FTSE 100, S&P 500, DOW, DAX, NASDAQ, NIKKEI & GOLD I trade these on a regular basis FTSE 100 – closed at: 7501 (down) DAX – closed at: 12523 (up) DOW – closed at: 27270 (down) S&P 500 – closed at: 3019 – New all time high!Read More →