Market Overview - Page 130

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.

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.