Market Overview - Page 89

A fresh batch of UK labour market data points to a turn for the worse, foreshadowing an economic slowdown sooner than in Europe or the USA. The claimant count in September rose by 25.5k after a nominal increase of 1.1k.

The US economy added 263K jobs in September – slightly above forecasts for growth of 250K-255K. The unemployment rate has returned to 3.5% after 3.7%, reversing concerns that there was already a sustained upward trend in the rate. We recall.

More and more of the world’s central banks are turning to currency interventions to keep their currencies from weakening. While each central bank is saving its currency, they are all working together to undermine the Dollar’s value by increasing its.

Import prices in Germany jumped by 4.3% in August, dashing hopes of waning inflationary pressures. The year-on-year growth rate has accelerated from 28.9% to 32.7%, marking a new record since 1974 – another consequence of the single currency’s weakness. Retail.

Weekly US jobless claims data is attracting the most interest from investors and traders when it precedes the publication of the monthly payroll report. Today’s released data came in below expectations, showing 219K Initial Claims for the previous week against.

Oil has been in a downward trend since the beginning of June, but in the last two weeks, we have seen excessive efforts by politicians working in favour of oil in the short term, setting up a rebound. OPEC+ unexpectedly.

The final estimates of business activity in the euro region were weaker than expected and indicated a further business activity drop. The composite index fell to 48.1 in September from 48.9 a month earlier. Values below 50 indicate the eurozone.

Unlike the RBA yesterday, the Reserve Bank of New Zealand met expectations by raising its key rate by 50 points to 3.5%. Having started raising the rate a year ago, the RBNZ accelerated the move from 25 to 50 points.

S&P500 index futures are trading 6% above the lows set at Monday’s start of the day. Such a solid start for the new month, quarter and financial year in the US is helped in no small part by the low.

The Reserve Bank of Australia raised its rate by 25 points to 2.6%, against an expected increase to 2.85%. Previously, the rate had been hiked by 50 points four times since June. The same decision was also predicted by the.

The precious metals have shone again in the last seven days. Gold has gained over 5% in that time, while Silver gained 18% from last Wednesday’s low, including yesterday’s 8% surge. Such a powerful uptrend encourages thoughts of a reversal.

EURUSD, the world’s most liquid currency market pair, ended September down 2.5%, having consolidated below parity. A combination of technical and fundamental factors raises the chances of a rebound in the pair, potentially translating into long-term growth. Last week ended.