The sell-off in gilts is driving the UK’s borrowing costs up and weighing heavily on the pound. As there is no end in view for this dynamic, the pound is likely to accumulate more losses to the dollar and the euro. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and…
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European Shares European shares opened on a mixed tone on Monday, after a sell-off in Asian stocks was registered overnight, as investors brace for the start of the earnings season. Cautious trading stances prevail at the beginning of this new trading week as traders continue to price in further hawkish moves from central bankers, especially…
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European Shares Share markets continued to drift lower in Europe on Friday, extending the bearish sentiment registered overnight in Asia, as investors digest disappointing corporate results ahead of today’s highly awaited US job report. Cautious trading stances prevail at the beginning of the last trading session of the week, as poor earnings from AMD and…
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European Shares European shares fluctuated following the opening bell on Wednesday, with market sentiment taking a break as investors await further macro developments. Most benchmarks were trading sideways this morning, holding their gains following the best weekly start in months for equities and ahead of another day full of important macro news. The bullish enthusiasm…
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The magnitude of the current bounce suggests considerable institutional involvement, which is practically unknown in the week before a major event such as the NFP. That suggests in turn that the reaction to the job report could also be extremely strong, so the most conventional wisdom of waiting for the dust to settle after a…
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European Shares Equities continued to climb on Tuesday in Europe, extending yesterday’s gains and heading towards one of the best quarterly starts this year. Market optimism seems to be back on track in October, mostly brought by the prospect of lower oil supply on the markets as well as hopes of a peak in hawkish…
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European Shares EU shares pared some of yesterday’s losses this morning, edging higher as market sentiment improved slightly for the end of the week. Investors drove most benchmarks higher on Friday, in a corrective bullish move following another annual low in session yesterday, as they cheered positive macro data from the UK, France and Germany.…
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European Shares European markets pared gains and even registered further losses on Thursday, following a global trend, as a risk-off trading stance remains well in place in investors’ minds. Market sentiment stays significantly weighed down by rising uncertainty, brought to the markets by higher borrowing costs, elevated price pressure and the prospect of an economic…
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However, sentiment on monetary policy and economic conditions has changed rapidly over the last few days, so it makes sense in the context not to rely too much on the chart. In the unlikely event of a significant revision upward in American GDP for the second quarter, the price might push sharply lower in the…
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The war in Ukraine presents many risks for the old continent, both in the geopolitical and economic sphere, and the recent escalation related to the sabotage of the Nordstream pipelines, it appears that Europe may be about to face a very difficult winter. Against this background further euro weakness may be on the cards. Ricardo…
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