by Jonathan Cook | Aug 7, 2024
Monday’s mood of panic faded yesterday on the back of a strong fightback from the Japanese market. Things also stabilised in the US and Europe as investors slowly realised their reaction to recent events may have been a tad extreme. Tuesday had a morning after the...
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by Julian Benson | Aug 6, 2024
The ISM services PMI in the US rose to 51.4 in July from the April 2020 low of 48.4 in June. This exceeded market expectations of 51, indicating the first rebound in US services activity since May. USD/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To ...
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by Julian Benson | Aug 6, 2024
On Wednesday morning, investors will be listening out for the German balance of trade figures for June which are expected to fall slightly to €24 bn, from €24.9 bn in May – the largest trade surplus since January this year. GBP/EUR: the past year 1 Min 5 Min 1...
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by Julian Benson | Aug 6, 2024
There was a sour mood in the air yesterday as global stock markets experienced mass turbulence due to growing concerns surrounding a US recession. Key Wall Street stocks the Nasdaq Composite, S&P 500 and the Dow Jones, lost 6.2%, 4.2% and 2.8% respectively, while...
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by Julian Benson | Aug 6, 2024
This morning the BRC retail sales monitor for the UK revealed sales rose 0.3% in July from a year ago, reversing June’s 0.5% decline and falling short of market expectations of a 0.5% gain. The return to growth was largely supported by clothing and beauty...
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