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Author: Michael Hewson Clear filter
06.01.2023 07:16 © CMC Markets (UK) | 2023
Could good US payrolls mean bad news for US markets?
It’s been a generally positive start to 2023 for European markets as optimism that inflation has peaked, along with lower oil and gas prices prompts optimism that central banks may not have to tighten as aggressively as feared at the end of 2022.Today’s EU flash CPI for December could add furthe...
© CMC Markets (UK) | 2023
21.12.2022 06:48 © CMC Markets (UK) | 2022
US markets break 4 day losing streak, UK public finances in focus
European markets underwent a choppy session yesterday, initially opening sharply lower in the wake of the Bank of Japan’s decision to relax its yield curve control criteria, before closing well off the lows of the day.Bond yields still moved higher despite the lack of downside in stock markets as...
© CMC Markets (UK) | 2022
20.12.2022 07:52 © CMC Markets (UK) | 2022
Europe set for lower open as Bank of Japan stuns markets with unexpected tweak to policy settings
European markets saw a modestly positive start to the week yesterday in what looked set to be a fairly quiet week, as we head into the dying embers of a year that has seen some significant volatility and weakness.US markets on the other hand fell back sharply as rising yields acted as a major drag o...
© CMC Markets (UK) | 2022
19.12.2022 07:58 © CMC Markets (UK) | 2022
Positive start expected in quieter week for economic data
After a relatively benign start to the month of December we saw sharp falls in European markets last week, with the DAX falling to five-week lows and the FTSE100 to four-week lows, as the fallout from Thursday’s hawkish rate pivot from the European Central Bank rippled through the market.These con...
© CMC Markets (UK) | 2022
16.12.2022 07:15 © CMC Markets (UK) | 2022
Recession fears return after ECB sparks big market sell-off
Any thoughts that we might see a so-called Santa rally into Christmas suffered a significant setback yesterday as European markets fell sharply after ECB President Christine Lagarde put on her best Grinch persona to deliver a very bleak outlook for the European economy in 2023.It was this, rather th...
© CMC Markets (UK) | 2022
15.12.2022 07:54 © CMC Markets (UK) | 2022
Bank of England and ECB both expected to hike rates by 50bps
US markets finished the session lower after the Federal Reserve raised rates by 50bps as expected while adjusting up its expectations for rate rises next year. Despite the hawkish slant the market reaction has been fairly measured.Asia markets have also slipped back with the latest Chinese retail sa...
© CMC Markets (UK) | 2022
14.12.2022 07:33 © CMC Markets (UK) | 2022
UK CPI set to slow, Fed set to raise rates by 50bps
After going into hibernation after the US November payrolls and services ISM reports, the peak inflation narrative got a fresh lift yesterday when US CPI rose by its lowest annual number this year, sending bond yields sharply lower and European markets to their highest levels in 6 months.US markets...
© CMC Markets (UK) | 2022
13.12.2022 07:50 © CMC Markets (UK) | 2022
UK wages in focus ahead of US CPI
European markets got off to a weak start yesterday as investors trod lightly ahead of today’s US CPI release for November.US markets on the other hand saw a more positive session, finishing the session higher, pulling back some of the losses seen last week, with the gains evenly spread across the...
© CMC Markets (UK) | 2022
12.12.2022 07:40 © CMC Markets (UK) | 2022
Big week for markets as investors look to Fed, BoE and ECB
For a good part of this month, European and US markets have seen their progress off their lows in October come to a halt, as we come to the end of the year, and ahead of three big central bank meetings later this week.European markets posted their first significant weekly loss since October, as did...
© CMC Markets (UK) | 2022
09.12.2022 07:50 © CMC Markets (UK) | 2022
US PPI set to tee up US CPI and the Fed next week
European markets finished the day lower yesterday, with nervousness over a global slowdown very much front of mind with the market very much in defensive mode as we head into the weekend.US markets on the other hand managed to break a 5-day losing streak by finishing the session higher, despite furt...
© CMC Markets (UK) | 2022
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