Market Overview - Page 37

The unwinding of the carry trade in the FX market continues, with the major safe havens returning to the extremes seen against the dollar in early August. A new wave of risk aversion has been synchronised across currency and equity.

Fresh signs of a cooling labour market are boosting confidence in the Fed’s policy turnaround but have so far had a mixed effect on the dynamics of major markets. The labour market is in the spotlight this week as it.

Perhaps disinflationary trends in the eurozone are giving way to pro-inflationary ones. The eurozone’s producer price index rose 0.8% in July after rising 0.6% in the previous month. Prices are still lower year-on-year for the fifteenth month, with a reading.

US equity markets have been hit by a sell-off, with the Nasdaq100 down more than 3% and the S&P500 down more than 2%, the biggest drop in almost a month. Nvidia’s share price fell more than 10% as the antitrust.

Swiss inflation slowed to 1.1% y/y in August from 1.3% the previous month, below the 1.2% expected. In April and May, the rate of price increases rose to 1.4% y/y but later started to fall again, losing 0.2% in the.

The US dollar’s recovery continues, and other markets are starting to notice. The dollar index is up 1.4% to 101.7, having found support twice in the first half of last week before falling to 101.4. The bounce has seen the.

Often the release of fundamental data such as oil inventories and production or economic activity influences the market, although sometimes the price behaves independently, as was the case last week. The cost of a barrel of WTI fell by 2%.

Gold has hit a glass ceiling at $2525 an ounce on the spot market, which it has been battling against for the past two weeks. A series of smaller and smaller pullbacks and more frequent rallies to the resistance indicate.

Germany data German inflation is slowing more than expected. According to a preliminary estimate from Destatis, the consumer price index fell 0.1% in August, and annual inflation slowed to 1.9%, compared to 2.3% in the previous month and the 2.1%.

Market picture Germany’s DAX40 has returned to all-time highs above 18900. The sell-off in equities in early August lured investors waiting for a pullback to enter the market. From a technical point of view, the August plunge was a corrective.

The whole financial world, including the media, is waiting for Nvidia’s quarterly report. The company, which has a market capitalisation of almost $3 trillion, is expected to double its sales compared with last year. It is difficult to beat such.

The Australian dollar hit its highest level since December 2023 against the US dollar, briefly topping 0.6800 following the release of the monthly inflation report. The Australian Bureau of Statistics reported that consumer price growth slowed to 3.5% y/y in.