Market Overview - Page 126

The US economy created 194K jobs in September, well below the 490K-500K expected. Furthermore, employment estimates from ADP and weekly jobless claims set up even stronger data, highlighting the contrast between expectation and fact. However, not all numbers are weak..

Optimism, bordering on jubilation, prevailed in stock markets yesterday, although traders in FX and gold, for the most part, stood aloof from the move. A sigh of relief washed over in US stocks, causing sharp buying on news that the.

The energy market may have passed an inflexion point yesterday. The more than 20% jump in prices in Europe on Tuesday to $1,500 per 1,000 cubic meters triggered an avalanche of margin calls during the trading on Wednesday. At one.

US private sector employment rose by 568K from August to September, the ADP said in a report two days before the official NFP publication. These estimates were well above the expected 425K, indicating an acceleration in employment growth after two.

The energy price crisis is in no hurry to leave Europe. Exchange prices for gas have risen by a third in a month. Brent Crude is nearing $80 again while coal prices are updating multi-year highs. The energy price dynamic.

The final UK GDP data for the second quarter came as a positive surprise. The growth estimate was raised from 4.8% QoQ and 22.2% YoY to 5.5% QoQ and 23.6%. The reduction of the balance of payments deficit to 8.6bn,.

Inflation in the eurozone remains the highest threat. The annual growth rate of import prices in Germany reached a 40-year high of 16.5% y/y. The monthly price increase was 1.4%, lower than the year-to-date average (1.7%) but nine times higher.

The Dollar is squeezing its main rivals amid a reassessment of the Fed’s monetary policy outlook. In addition, pressure on long-term bonds is intensifying as US lawmakers do not agree in any way on the increase in the debt ceiling,.

The primary focus on the markets switched to the energy sector, where prices are making new multi-year highs. The price of natural gas in the US on Tuesday morning was over $6.3 per MMBtu, the highest since 2008. The price.

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.