Market in Review 07/16/2024
MARKET REPORT 1571 Elizabeth 1 opens the Royal Exchange in London The Royal Exchange of London was founded by the merchant Thomas Gresham in 1568, and officially inaugurated by Queen Elizabeth, in 1571, as the commercial centre for the city of London. But it was also meant to be a forum for merchants to meet […]
Market Report 4/1/2024
MARKET REPORT Review: – US Manufacturing PMI revised lower – US Construction Spending unexpectedly shrank Act -0.3% Exp +0.7% – US Factory Activity Expands Act 50.3 Exp 48.4 – Pound Hits 6-week low, Treasury yield 3 month high – Strong China PMI – Iran vows response to Israel strike on IRGC commander – Nippon Steel […]
Market in Review 3/6/2024
MARKET REPORT Review: – Powell sticks to script – Crypto surges again – Haley concedes to Trump – ADP rises, but misses expectations; – UK Budget as expected; – NYCB USD 1bln capital raise DOLLAR DX: Down: 103.32 -0.4% (103.88 – 103.16) Off lows – AUD Up: 65.63 +0.9% (64.79 – 65.77) Off Highs […]
Market in Review 2/29/2024
MARKET REPORT Review: – Another record day of BTC ETF inflows – Bridgewater Dalio calls Mag 7 ‘a bit frothy’ – Cocoa sees biggest monthly gain in 22 years. – M/E Tensions rise on Israel/Gaza food stampede deaths – Core PCE prices +0.4% from Jan, sharpest rise in 1yr. Concerns slowing Disinflation. – Unemployment claims […]
Market in Review 23/2/2024
MARKET REPORT Review: – Dollar finishes down on week. 1st of 2024 – Best week for Bullion in 2024 – NVIDIA reaches 2T in mkt cap. – Fed: Waller was hawkish, Cook and Williams towed the usual Fed line – JPM’s Dimon sells 822kk shares (around $150m) – US unveil 500 more Russian sanctions on […]
Market in Review 1/12/2024
MARKET REPORT Review: – Surprise decline in producer prices reinforced bets on Federal Reserve rate cuts this year. – Traders are pricing in an 80% chance of a Fed reduction in March — up from a little over 50% a week ago – Expectations for 2024 rate-cuts exploded to new highs at 170bps (now fully […]
Market in Review 12/19/20
MARKET REPORT Review: – Strong US Housing Starts – Bostic reaffirms cautious view – Barkin hesitant to give details on cuts – Red Sea transit disruptions continue – BoJ maintained policy settings & forward guidance – Hotter-than-expected Canadian CPI – Lufthansa orders up to 100 airplanes from BA – Dollar down. AUD 67.60 +0.85% EUR […]
