Market Overview - Page 72

Markets had a heavy end to last week and continued to give up ground at the start of this week. The MSCI All-World Global Equity Index returned to its March lows, and US indices gave bear signals. The index of global equities.

Sales in the secondary housing market in the US have fallen to an annualised pace of 3.96 million. At the peak of the downturn, the figure managed to stay above 4 million. Only during the darkest times for the US.

Gold is trading at nearly $1950 an ounce, having surged since the end of July after hitting $1810 just under two weeks ago on October 6th. Gold lost value rapidly in late September as US Treasury yields rose. However, the.

UK inflation data came in slightly higher than expected, helping the Pound to perform better than other European currencies on Wednesday. Headline inflation was 6.7% y/y in September, the same as the previous month and 6.8% in July. So we.

US Retail sales exceeded expectations. For September, sales rose 0.7% after rising 0.8% a month earlier. During six months of back-to-back spending increases, Americans added 3.4%. This is new evidence that suppressing inflation is not easy for the central bank.

Oil made curious movements last week. After opening last week with a gap of 2.3% and quickly rising to 5.2%, the price stabilised and turned downwards. On Thursday, the gap at the week’s opening was closed entirely. Given the current.

Headline PPI rose 0.5% m/m instead of the expected 0.3%. In the same month a year earlier, the index was higher by 2.2% instead of the expected 1.6% y/y. This divergence in the estimates of annual rates is due to.

The major US indices staged an impressive intraday reversal on Friday and have been rallying impressively ever since. The fundamental driver was the change in tone of the Fed’s comments. Since last week, one FOMC member after another has indicated that further.

Oil’s bounce at the start of the week’s trading was an essential step in correcting the short-term oversold condition, but it may only fuel the interest of new sellers. The oil price is down 12.8% in the six trading sessions.

German industrial production contracted for the fourth consecutive month in August, missing expectations. Last month’s loss was 0.2%, bringing the year-on-year decline to 2.0%. Germany’s industrial production index started on a downward path at the beginning of 2018, which is.

Gold climbed close to $1855 per troy ounce in early trading on Monday and stabilised in a relatively narrow range of $1845-1853 during the European session. The rise from Friday’s lows of $1810 resulted from a combination of three factors..

Oil prices fell for the fourth session after hitting 13-month highs. The spot price of a barrel of WTI approached $94 in what looked like a desperate last-ditch attempt by the bulls to assert their superiority. However, this appeared to.