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22.11.2022 07:47 © CMC Markets (UK) | 2022
UK public sector borrowing set to rise in October
European markets underwent a lacklustre start to the week, following on from Asia markets, after China reported its first Covid related deaths since April, prompting broad risk off weakness across markets as well as a sell-off in crude oil over demand concerns.Prices in Brent crude weren’t helped...
© CMC Markets (UK) | 2022
21.11.2022 07:33 © CMC Markets (UK) | 2022
Lower start expected ahead of German PPI
Last week saw another positive session for European markets with the DAX closing higher for the 7th week in a row and its highest levels since the beginning of June, and a 5-month high.The FTSE100 also managed to finish the week higher, posting a 2-month high in the process, although it has continue...
© CMC Markets (UK) | 2022
18.11.2022 06:45 © CMC Markets (UK) | 2022
UK retail sales set for a modest rebound
The UK gilt market reaction to yesterday’s budget was a benign one in contrast to the reaction of the Kwarteng budget, which perhaps wasn’t too surprising given that most of it had been briefed out beforehand.We did see some initial sterling weakness, but a lot of that was down to US dollar stre...
© CMC Markets (UK) | 2022
17.11.2022 15:35 © CMC Markets (UK) | 2022
Sterling slips back as Hunt unveils bleak budget
Having been delayed several times already, today’s Autumn budget came against a very different backdrop to the one we saw at the end of September, when yields started their sharp move higher, and the end of October, when it was originally slated to be announced. .With gilt yields now back at more...
© CMC Markets (UK) | 2022
17.11.2022 06:59 © CMC Markets (UK) | 2022
UK Autumn budget in focus
European markets struggled yesterday, unable to shrug off the concerns over the missile explosion in Poland that killed two people, with tensions remaining high on concerns that an escalation might still be a very real risk.US markets also came under pressure after a disappointing quarterly update a...
© CMC Markets (UK) | 2022
16.11.2022 07:15 © CMC Markets (UK) | 2022
UK inflation expected to rise to 10.7 percent
We saw another decent session for markets in Europe yesterday, after US PPI followed CPI last week in coming in lower than expected, although the FTSE100 underperformed after the pound briefly surged to the 1.2000 level against the US dollar.US markets also underwent another solid session...
© CMC Markets (UK) | 2022
15.11.2022 07:32 © CMC Markets (UK) | 2022
UK unemployment and US PPI in focus
Despite a rebound in yields as well as the US dollar, European markets managed to start the week on a positive note, diverging from what would eventually be a negative US session, which rolled over in the last 2 hours of trading with the Nasdaq 100 and S&P500 leading the way lower.We heard from...
© CMC Markets (UK) | 2022
14.11.2022 07:46 © CMC Markets (UK) | 2022
Could we be set for further US dollar losses
Last Tuesday I posed the question as to whether we’ve possibly seen peak US dollar? Since then, the greenback has fallen over 4.5% against the Japanese yen, as well as the Swiss franc, while we’ve seen the euro retest its August peaks.The break below the 140.00 level against the Japanese yen fee...
© CMC Markets (UK) | 2022
11.11.2022 08:41 © CMC Markets (UK) | 2022
Asia markets jump as China relaxes some covid rules, UK economy set to contract in Q3
With all the bad news that has dominated the airwaves in recent months it was very welcome to see that US CPI rose significantly less than expected in October to its lowest level since January, prompting a huge relief rally in stocks, bonds as well as a sharp selloff in the US dollar.The rally was g...
© CMC Markets (UK) | 2022
10.11.2022 07:44 © CMC Markets (UK) | 2022
US CPI in focus, while crypto uncertainty knocks sentiment
This jittery market backdrop prompted a sharp selloff in US markets after Europe had closed, with the Nasdaq 100 leading the losses, snapping a 4-day rise for it, as well as the Dow and S&P500.The late weakness seen in the US looks set to filter into today’s European open, as we look ahead to...
© CMC Markets (UK) | 2022
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