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Some Parts Of EuropeTitle:
Encouraging PMI manufacturing data buoys sentiment
Morning Briefing : Encouraging PMI manufacturing data buoys sentiment
What's new:
Asia: Major equities in positive territory
Global: Overall better data from EZ, UK and the US help risk sentiment
Australia: Stronger than expected trade balance figures
Forex: Support favours mostly the currencies perceived as riskier
Forex rates in Asia and Indices:
EURUSD: 1.3196– 1.3159.
USDCHF: 0.9165 – 0.9130.
GBPUSD: 1.5858 - 1.5832.
EURJPY: 100.46 – 100.21.
USDJPY: 76.21 – 76.10.
DowJones: 12’716.46 +0.66% ...
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European shares rise on Greece optimism
(Reuters) - European shares rose on Wednesday, helped by a boost to bank stocks from hopes of an agreement in Greek debt swap talks and better-than-expected Chinese manufacturing data.
Earnings, which have so far only given mixed results, were another focus, with Infineon (IFXGn.DE) rising 5.5 percent, near the top of the leaderboard after the German chipmaker reported forecast-beating results.
Banks, many of which have exposure to euro zone sovereign debt, featured among the best performers, ...
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Pictet Daily forex Analysis - 01/30/2012
The main talking points last week on the financial front were the negotiations between the private sector and the Greek government over the rescheduling of the country's sovereign debt and the FOMOC meeting, at which it was decided to extend the period of low interest rates until the end of 2014. The US dollar came under pressure and commodities and precious metals in particular posted spectacular gains.
Gold climbed from USD 1649.25 to USD 1739.70 an ounce, silver from USD 31.55 to USD 34.0175, ...
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Weekly Economic and Financial Commentary : 29/01/2012
Weekly Economic and Financial Commentary : 29/01/2012
U.S. Review
Less Strength Than Meets The Eye
Real GDP grew at a 2.8 percent annualized rate during the fourth quarter, but the underlying data show the economy has less momentum going into 2012.
Durable goods orders and shipments rebounded solidly in December, casting some doubt on the earlier weak readings and bringing the data more closely in line with anecdotal reports and regional manufacturing surveys.
Expectations for a ...
Title:
EUR Reverses Gains despite Strong Manufacturing Data
The euro turned bearish once again in trading yesterday, as investors continued to revert back to safe-haven currencies following the rejection of Greece's debt swap deal. Positive manufacturing numbers from much of the euro-zone were shrugged off, as fears of further fallout from the region's debt crisis continue to dominate market sentiment. Today, traders will want to focus on US data, particularly the FOMC Statement, as it is likely to dictate the direction the market takes.
Economic News
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European shares break through resistance on China
(Reuters) - European shares rose on Tuesday, hitting a five-month high and surging past a technical resistance level, led by carmakers and miners after higher-than-expected Chinese GDP data showed demand prospects were improving for companies in these sectors.
Fourth-quarter Chinese GDP eased fears of a hard landing for the country and boosted investor risk appetite towards companies which have business in China such as autos and miners.
Cyclical carmakers were the top performers after the ...
Title:
Analysis: Ditch the assumption developed economies are safe
(Reuters) - The downgrade of much of Europe's credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering -- if lazy -- assumptions that developed states are somehow "safer" than emerging counterparts.
In the years to come, investors may make much harder-nosed assessments of how much to lend Western nations and how cheaply to do it, scrutinizing their economics, demographics and particularly politics much more sharply.
The long-term financial and geopolitical ...
Title:
Canadian Dollar Losing Momentum on Risk Aversion
Earlier, the Canadian dollar was gaining on the demand for riskier assets. Yesterday’s demand for higher yielding assets helped the loonie gain versus its counterparts. However, some of that momentum is being lost right now as a bit of risk aversion sets in.
Canadian dollar has been strengthening against currencies like the euro and the Great Britain pound recently, gaining as the US economy shows signs of recovery. With 3/4 of Canada’s exports going to the United States, an economic recovery ...
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YouTradeFX Daily Market Analysis : 11/01/2012
Fundamental News:
Today’s highlights:
GDP (QoQ) (EUR, 09:00 GMT)
Trade Balance (GB, 09:30 GMT)
U.S. wholesale inventories came out at a seasonally adjusted level of $468.9 billion, up 0.1 percent from revised October levels, according to figures released Tuesday by the Commerce Department. Most economists had predicted a larger increase in inventories of roughly 0.5 percent. In addition, Consumer confidence in the U.S. rose more-than-expected in January, improving for the fifth ...
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