Similar Posts
MARKET UPDATES
In the US equity markets ended the week lower, on concerns about the Federal Reserve’s notably more hawkish stance and about the impact of inflation on consumer spending, and thereby corporate earnings and margin outlook. The S&P 500 fell -2.77% on the day, breaking down below the 50 day moving average. The technology-heavy Nasdaq 100…
News update: 6 December 2022
The key news story for markets on Friday was the US Non-farm Payrolls for November, which came in at 263k jobs added, well ahead of consensus at 200k. There was also an upward revision to the October reading from 261k to 284k. The unemployment rate nevertheless held firm at 3.7% and wage growth was also…
Market wrap up – 5 September 2022
With the energy and cost of living crisis continuing to be a key political issue, European utilities have been asking for government support to help them finance more expensive gas purchases and the European Commission is working on structural reform to the power market in order to decouple the price of electricity from the price…
Bank customers paying too much for overseas transfers
If you had needed to send money in different currencies, or indeed to some extent bought foreign currency, you just know that the 0% commission just does not add up. The reason being is that the majority of High Street Banks may not charge commission for a currency sale and purchase, but will have some very wide margins on the…
The main event for markets this week is a busy diary for central bank policy decisions with the Federal Reserve, the ECB and the Bank of England all expected to raise interest rates. The ongoing rally in US equities ran into some headwinds on data pointing to continued high inflation and a still-tight job market,…
Inflation comes in hotter than expected
The major news last week was the release of US Consumer Price Inflation (CPI) data for January. The reading, which analysts thought would come in at 7.3%, hit a 40-year high and was ahead of expectations at 7.5%, year-on-year (YoY). This was 0.2% higher than expected, and the steepest 12-month rise since 1982. Core CPI…