Catalonia Readies Independence Amid Spanish Bank Bloodbath. Nikkei Closes Up 22K first time since 1996. Draghi´s QE (infinity) gives global Risk on a push. Euro drops; Catalan indepence vote sinks Spanish stocks. Stocks climbed and the dollar rallied after the U.S. economy saw its strongest back-to-back growth in three years: US Economy Unexpectedly Grew At 3.0% In Q3.… Continue reading Markets Update, 27 October
Global Stocks Mixed as Earnings not that Bright. U.S. stock futures point to small opening losses. Nikkei in a Roll. Bond yields climb Pound jumps after U.K. growth figures. Investors reacted with a shrug after the latest set of corporate results, leaving stocks worldwide with no traction. The S&P 500… Continue reading Daily Markets Update, 25 October
S&P Futures Flat, Spain Rebounds, Nikkei Closes At 21 Year High. Spain PM Rajoy Begins Process that may Suspend Catalan Autonomy. World stock markets hit record highs as Catalonia independence crisis eases. European stocks drop after Japan’s Nikkei hits 21-year high. Spanish stock market has opened strongly, on relief that the Catalan… Continue reading Daily Markets Update, 11 October
S&P, Nasdaq hit record-highs. Euro Slips after dovish ECB minutes. Spanish assets regain ground after sell off. European Stocks mixed. Stocks in Asia little changed Pound falls on May’s perceived weakness following speech Spanish assets rose and bonds were snapped at an auction, even though Catalan tensions linger, weighing on the Euro… Continue reading Daily Markets Update, 5 October
Fed´s Janet Yellen : Rates will Raise Gradually despite Low Inflation Mystery Stocks Climb on Fed Outlook. Dollar strengthens, Gold , US Treasuries slip. Trump´s Tax Reform On The Radar Yellen: keeping interest rates low for too long could cause inflation to grow too rapidly and inflate new financial bubbles. The… Continue reading Markets Update, 27 Sep
Stocks mixed as bonds, Oil climb. Dollar slips, Pound jumps on higher retail sales. Fed meeting expectation for Fed’s plans to unwind its balance sheet. Today the Fed will officially announce the starting point to unwind its balance sheet. while keeping rates unchanged, perhaps hiking again in December (market odds at 56%), while revising its economic… Continue reading Daily Markets Overview, 20 Sept.
US Stocks Hit All-Time High Ahead of Fed Meeting Gold Tumbles Most Since July, Bitcoin Bounces Pound Falls on Carney Comments UK Interest Rates Likely to Rise Over Coming Months The Dow Jones hit an all-time high of 22,318 a few minutes after the open on Monday as investors… Continue reading Daily Markets Update, 18 September