Friday’s economic data was yet another proof of the diverging fortunes between the US economy and the rest of the developed world. In the morning, the UK announced that its retail sales slumped for the second straight year, fueling the worries of a mild recession in the UK this year. But in the afternoon, Michigan’s consumer sentiment index showed ... Show More
Today
Nvidia: $4 trillion and more to go
Tariff headlines keep rolling in — from 50% levies on Brazilian exports to a pending decision on the EU — but markets remain resilient. European equities gained, and the Nasdaq reached new highs, helped by a sharp intraday rally in Nvidia. The company briefly rose over 2%, becomi ... Show More
11m 9s
Jul 8
Tariffs, inflation, debt risks are everywhere – but markets don’t blink
Markets are brushing off 25–40% tariffs like they’re just minor annoyances. But the US is back to tariff warfare, inflation is knocking, repatriation risks from Japan are rising — and yet, equities barely flinch. The S&P 500 is near ATH levels, the Nikkei rebounds, and the Stoxx ... Show More
11m 15s
Aug 2022
Strong US jobs data hammers the recession 'optimism'
Strong US jobs data revived the Federal Reserve (Fed) hawks on Friday. The US 10-year yield jumped, and the US dollar gained. Gold gave back a part of gains, and US stocks closed in the negative, although the three major US indices closed the first week of August in the positive. ... Show More
10m 42s
Jul 2022
Tighter ECB may not reverse the euro weakness!
The European Central Bank (ECB) rose its three policy rates by 50bp at yesterday’s monetary policy meeting, versus 25bp expected by analysts. One of the major highlights of yesterday’s ECB decision was the anti-fragmentation tool, TPI, transmission protection instrument. The name ... Show More
10m 59s
Aug 2022
The Sun Overdose for European stocks...
The week starts moody in Asia, as economic data from China and Japan missed estimates early this Monday.
Crude oil begins the week under selling pressure around the $91 per barrel. US index futures are down, but interestingly, the European futures were better bid in Asia; but new ... Show More
11m 3s
Aug 2022
Soft US CPI could boost stocks & gold!
Russia halted crude flows to Hungary, Slovakia, and Czech Republic yesterday because sanctions prevented payment of a transit fee. But oil bulls are also quite this week, as US and Iran could finally reach a nuclear agreement, which would then unlock the Iranian oil and give a ce ... Show More
9m 55s