Posts Tagged “Markets”
While global stocks continue tumbling, the forex markets remain relatively steady. Some renewed buying is seen in Yen into US session but major yen crosses are stuck in range so far. Canadian dollar is also steady after solid economic data. Canadian CPI rose 0.3% mom, 1.8% yoy in April, above expectation of 0.2% mom, 1.7% [...]
Mid-Day Report: Little Inspiration From Data, Markets Still in Consolidative Mode
By admin | May 18, 2010
Markets are still in consolidative mode as dollar extends retreat. Data from US saw housing starts rose more than expected to 672k annualized rate, highest level since October 2008. However building permits dropped to lowest level in six month at 606k annualized rate. PPI unexpectedly dropped -0.1% mom April with yoy rate down to 5.5%. [...]
Dollar retreats mildly as European stocks recover from early losses while US equities also open slightly higher. There is little reaction to poor manufacturing data from US which saw Empire State Manufacturing index dropped sharply from 31.9 to 19.1 in May. TIC report showed net buying of long term US securities rose sharply to $140.5b [...]
Global Markets: Macro Balance Will Ultimately Favour Risk – But Lots of Volatility Ahead
By admin | May 15, 2010
Even in the face of consistently positive corporate earnings and economic data surprises this year, risk assets were always going to face an uphill battle matching their 2009 performance, largely because prices were no longer a bargain. This task was made all the more difficult as the advanced world fiscal reaction exploded, with Greece the [...]
Economic data during the past month has largely surprised to the upside confirming that the recovery is firmly entrenched. The global purchasing managers’ index for both the manufacturing and services sectors moved further into expansionary territory in April. Labour reports out of North America have swung from a heavy weight on the economic outlook to [...]