Market Overview - Page 121

Flash UK PMIs for October beat expectations after a weak retail sales report earlier today. The manufacturing PMI rose from 57.1 to 57.7, and the service sector index rose from 55.4 to 58.0. Both were expected to show slowing growth,.

• EURNZD broke support area • Likely to fall to support level 1.

Inflation remains the biggest threat to emerging markets. In contrast to advanced economies, high current or expected inflation figures undermine the stability of the national currency. In response, emerging market central banks are forced to actively raise key interest rates.

Energy prices halted their growth, while optimism in global markets continued to gain momentum. In this environment, the Turkish Lira has paused its weakening, closing Tuesday with gains against the Dollar and Euro after eight consecutive sessions of decline. In.

UK inflation data surprised with weakness, with the year over year price growth slowing to 3.1%. Looking back at the rate of producer price performance, it would not be surprising if the pullback in inflation was temporary and illusory, as.

US retail sales significantly exceeded expectations, continuing a series of healthy data supporting global risk demand. US Census Bureau reported a 0.7% rise in sales for September after a 0.9% (revised from 0.7%) increase a month earlier. Sales excluding autos.

The eurozone’s trade surplus is under pressure this year, reducing support for the single currency against rivals. Data published today showed a reduction in the seasonally adjusted trade surplus to 11.1bn, compared with the expected 14.1bn and 13.5bn a month.

The S&P500 index closed Thursday with the biggest gain in seven months, adding 1.7%. In a sharp move, the index managed to get back above the 50-day average and maintained its position above that line as of Friday morning. Traders.

The dollar pulled back from a one-year high area, with US stock markets closing higher on Wednesday and its futures adding in trading in Asia. This performance was a market reaction to inflation data and FOMC meeting minutes. The market.

US inflation shows no signs of easing. The headline number returned to 5.4% y/y, the highest since 2008, vs the expected 5.3%. Core CPI stabilised at 4%. That is not to say that the data deviated much from expectations and.

In the most traded currency market pair, there is an even more persistent downward trend. The EURUSD has rolled back to 1.1550 from the local peak at 1.1900 in early September, experiencing a systematic decline. Since late September, the RSI.

The Japanese yen has collapsed by more than 1% to 113.50 in the past 24 hours, the biggest intraday gain since November last year and sending the pair to its highest since December 2018. Often the pressure on the yen.