Risk appetite has come surging back across the board this morning. The catalyst is debatable but perhaps it was the strong earnings reports by US companies or the realization that Europe was not truly on the edge of the abyss any many short-sighted analysts were predicting. Interestingly, the idea that should European peripherals move toward [...]
***Economic Data*** – (US) North America Semi Equipment Industry Mar Sales book to bill ratio m/m: 0.95 v 0.87 prior (4-month high) ***Markets Snapshot (as of 04:30GMT)*** – Nikkei225 +0.3% – S&P/ASX closed – Kospi -0.2% – Taiex +0.2% – Shanghai Composite -0.1% – Hang Seng closed – Straits Times Index closed – Jun S&P [...]
Good morning everyone. Yesterday the market ended up getting back into the trend in full motion. The US Dollar is expected to continue to weaken today with some retracements on the way. Read more…
The euro zone periphery remains in the news with Moody’s cutting Ireland 2 notches to the lowest investment grade rating, and maintaining a negative outlook. This followed Fitch’s removal of Ireland from credit watch yesterday. Irish sovereign yields had generally been falling since the bank stress tests were announced at the end of March, but [...]
The dominating theme on the currency market remains relative monetary policy – with the most visible implication being the depreciation of the dollar and not least against the euro. However, the clear trends seen over recent quarters are at risk of coming across bumps in the road. We look at three themes that are likely [...]