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Author: Michael Hewson Clear filter
16.09.2022 06:00 © CMC Markets (UK) | 2022
UK retail sales set to decline in August
Yesterday saw another negative session for US and European markets as a continued rise in bond yields weighed on the wider market. Improvements in US weekly jobless claims data, along with this week’s hotter than expected core inflation numbers appear to be prompting investors to hedge t...
© CMC Markets (UK) | 2022
15.09.2022 06:01 © CMC Markets (UK) | 2022
Europe set for a rebound as we look towards US retail sales
European markets underwent their second successive daily loss yesterday, driven lower by a huge selloff in US markets after the August CPI reading saw a bigger than expected jump in core prices.This unexpectedly high number prompted the biggest one day fall for US markets since March 2020, and while...
© CMC Markets (UK) | 2022
14.09.2022 10:00 © CMC Markets (UK) | 2022
Bank of Japan rate checks USD/JPY, what does this mean?
They say you always remember your first time. Don’t worry this isn’t going where you think it might be going, as I’m talking about the first time I saw a central bank intervene, back in the day when I was a young trainee dealer. Why am I telling you this? Because it’s an important le...
© CMC Markets (UK) | 2022
14.09.2022 06:00 © CMC Markets (UK) | 2022
UK CPI set to remain stubbornly high, BoJ rate checks the yen
Despite posting their best levels in over a fortnight yesterday, European markets plunged sharply in the afternoon session after US CPI inflation fell back less than expected in August, while core prices jumped sharply. The effect on US markets was even more brutal with the S&P500 post...
© CMC Markets (UK) | 2022
13.09.2022 10:30 © CMC Markets (UK) | 2022
Outlook downgrade clobbers Ocado share price
Earlier this month the Ocado share price hit its lowest level in 4 years on pessimism that management would be able to paint a narrative that involves the prospect of turning a profit, as it battled the multiple challenges of rising costs of raw materials, energy, and product. A few months ago...
© CMC Markets (UK) | 2022
13.09.2022 07:00 © CMC Markets (UK) | 2022
US CPI set to soften further in August, UK wages in focus
Weakness in European natural gas prices, along with optimism that US inflation may well see another big fall later, today helped markets in Europe close higher for the second day in a row yesterday.US markets also enjoyed another positive session closing higher for the fourth day in succes...
© CMC Markets (UK) | 2022
12.09.2022 07:00 © CMC Markets (UK) | 2022
UK economy in focus, as the country pays its respects to the Queen
After another choppy week for European markets, a latter week rebound helped to ensure a modest gain, while the FTSE100 was able to recover some of the losses that had taken place over the previous two weeks.Even US markets, which have seen sizeable losses over the last 3 weeks, managed to...
© CMC Markets (UK) | 2022
08.09.2022 06:45 © CMC Markets (UK) | 2022
ECB set to raise rates again
Yesterday saw another choppy session for markets in Europe, with the FTSE100 finishing sharply lower due to weakness in crude oil prices, which fell to their lowest levels since early February, as concerns over a global recession increased. US markets, on the other hand saw a positive fini...
© CMC Markets (UK) | 2022
07.09.2022 07:00 © CMC Markets (UK) | 2022
China trade disappoints, as Bank of Canada looks to another rate hike
European markets managed to eke out a positive finish yesterday in a day that saw UK and US bond yields surge, with the UK 10 year rising to its highest level since 2011 and closing the gap with its US counterpart to the narrowest since April 2016. The sell-off in UK gilts appears to have...
© CMC Markets (UK) | 2022
06.09.2022 07:00 © CMC Markets (UK) | 2022
The pound in focus as the new PM gets sworn in, RBA raises rates
European markets got off to a poor start to the week yesterday in the wake of last week’s announcement that Gazprom wouldn’t be reopening its Nord Stream 1 pipeline as was expected over the weekend.Russia blamed the pipeline problems on EU sanctions for the sustained closure, and that unless the...
© CMC Markets (UK) | 2022
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