Key data this week Bold indicates the most important release for this symbol. Thursday 23 July, 6.00 GMT: German GfK consumer confidence (August) - consensus -4.8, previous -9.6 Thursday 23 July, 12.30 GMT: initial jobless claims (18 July) - consensus 1.29 million, previous 1.3 million Friday 24 July, 7.30 GMT: German Markit manufacturing PMI (flash,…
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London-listed stocks close higher before US selloff The FTSE 100 and FTSE 250 closed the day on a high, closing before the winds shifted in the US later on Monday, with both finishing more than 1% up. A variety of sectors helped the FTSE 100 higher, with brokerage Hargreaves Lansdown, pest control business Rentokil and…
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The unusually large amount of releases affecting GBPAUD this week means that traders should prepare for the possibility of significantly higher volatility. Short-term opportunities in both directions look likely ahead of the crucial Australian job data and claimant count change on Thursday. Key data this week Bold indicates the most important releases for this symbol.…
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What to watch Producer price index: PPI data for June will be released on Friday in the US by the Bureau of Labor Statistics. The data measures the average change over time in the prices received by US producers for the products and services they provide. Month-over-month and year-over-year data will be released, with economists…
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EUROPEAN SHARES European stock markets registered a light retreat on Wednesday following a mixed trading session in Asia, while U.S contracts also point to a weaker open as the consolidation continues on riskier assets. These bearish corrections, of limited magnitude so far, are mostly perceived as “healthy” by investors following the strongest rally of the…
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EUROPEAN SHARES All eurozone benchmarks opened significantly higher on Monday as the momentum on riskier assets remains strongly bullish momentum despite coronavirus cases continuing to rise over the weekend. As explained in previous reports, the recent positive macro data and potential development of a cure against the virus boosted market sentiment last week. However, the…
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EUROPEAN SHARES European shares traded significantly higher on Thursday, continuing the bullish trend from Asian stocks and extending yesterday’s gains amid a renewed appetite for risk. Yesterday’s news about Pfizer and BioNTech’s successful vaccine trial turned market sentiment upside down as it came while investors were preparing to redirect their exposure from risk assets to…
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Key data points Bold indicates the most important releases for this symbol. Wednesday 1 July, from 7.30 GMT: meeting of the Sveriges Riksbank Wednesday 1 July, 12.15 GMT: ADP employment change (June) - consensus 3 million, previous -2.76 million Thursday 2 July, 12.30 GMT: non-farm payrolls (June) - consensus 3.07 million, previous 2.51 million Thursday…
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EUROPEAN SHARES European equities surprisingly opened higher following drops in Asian shares overnight where last week’s global risk-off sentiment continues. Bull traders managed to take control of European markets at the opening bell after China, EU’s second largest trading partner, published much-improved industrial production figures for May. However, this initial spike is likely to be…
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EUROPEAN SHARES European stock indices opened significantly higher on Tuesday after Washington reassured investors on the state of the US’ relationship with China with President Trump stating the trade deal signed with Beijing in January was still “intact”. These few words were enough to offset recent uncertainty surrounding risk assets, reviving market sentiment and driving…
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