Market Overview - Page 125

US Durable goods orders notably exceeded expectations (+0.7% m/m), adding 1.8% in August after rising 0.5% a month earlier. The rise here is a signal of confidence of US companies as they tend to reduce investments in high-value goods in.

The Gas Armageddon doesn’t look likely to leave Europe anytime soon, with its effects trickling more and more clearly into related markets. Brent crude updated three-year highs on the spot market on Monday morning, and futures markets already took those.

US markets closed a second consecutive day with an impressive gain of more than 1%. The price of a barrel of Brent on Thursday returned to an area of yearly highs near $77. However, investors and traders should be aware.

The US central bank kept its monetary policy unchanged at the end of the two-day meeting. This was in line with market expectations and therefore did not cause much excitement. Nevertheless, the outcome of the discussion was neither dull nor.

The big central bank week continues. Following the Fed yesterday, the Swiss National Bank left its policy unchanged and now the markets’ attention is turning to comments and signals from the Bank of England. Market participants will assess the chances.

Markets are quiet in anticipation of the Fed’s comments later today. The most popular currencies and equity indices have stabilised near important levels near the limits of their trading ranges, from where they are equally likely to step back into.

The Dow Jones index experienced its worst drop in 10 months on Monday, falling 600 points or 1.8%. The S&P500 index lost about the same amount, 1.7%. The dollar index climbed to monthly highs, trading above 93.0. Intraday, the S&P500.

UK retail sales collapsed by 0.9% in August, an unpleasant surprise against a 0.5% rise expected. The retail sales index is above pre-pandemic peaks, but the markets should be alarmed by the volatility of the data. Weak retail activity figures.

The US Retail sales notably exceeded expectations, adding 0.7% in August vs an expected 0.7% decline. The increase to August last year is an impressive 14.9%, dismissing fears that Americans are cutting back on spending by spending their government bailout.

Caution is an investor’s best friend these days. US indices were supported the night before after the S&P500 touched its 50-day moving average. The S&P500 gained 0.85%, the Nasdaq gained 0.82%, and the Dow Jones gained 0.68%. It must be.

Today is industrial production data day. China, the euro area and the USA published their figures. While the US and China are reporting for August, aggregate data for the euro area only came for July. Europe managed to surprise with.

US Consumer inflation started to slow, as can be seen in the latest official data. The consumer price index added 0.3% m/m during August. Growth to the same month a year earlier slowed to 5.3% for the overall index and.