
Please try another search
Stronger European and US data complemented confirmed Federal Reserve dovishness to drive assets higher in overnight trading. A modest lift in the US dollar saw most commodities retreat from recent highs. There was a distinct contrast between continental and American trading which saw European bonds rallying and US share indices charging to six month highs.
The FTSE 100 index starred after the Bank of England kept rates on hold and retail sales recorded an unexpected surge in February. The pound gyrated through a one US cent range, pulling back from recent Brexit inspired highs and ten year bonds rallied nine basis points. The strength in bonds spread across Europe, although share investors were less sympathetic and many bourses finished in the red.
The theme continued through the US session. Better than forecast jobless claims and a lift in business and consumer sentiment indices bolstered stocks. The tech heavy Nasdaq led the way, lifting 1.4%. However the support was broad based, with financials the only S&P 500 sector that closed lower.
Japanese inflation data is in focus given recent Yen strength. Forecasts of a core increase of 0.4% in February are in line with January. A higher read would point to a trend higher ion inflation, and likely park significant market reactions. Futures markets are pointing to a 42 point opening gain for the Australia 200 index. Investors may zoom in on retail stocks after Premier Investments this morning unveiled a 13% increase in half year profit.
The central bank’s job is never easier, but in the current climate, it’s unusually tricky. In addition to the usual challenges that complicate real-time monetary policy decisions,...
The EU’s most costly budgets, bitcoin’s market swings, and rising US bankruptcies. Each week, the Syz investment team takes you through the last seven days in seven charts. 1. The...
Last week, we discussed that continued bullish exuberance and high levels of complacency can quickly turn into volatility. As we noted then, introducing an unexpected, exogenous...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.