Economic Updates
European and US markets hit all time highs, Bitcoin breaks out, the Dollar slides
Equity markets US stocks jumped overnight to reach record levels as stronger than expected print on retail sales and a sharp improvement in the number of new jobless claims cheered the investors. Source: Yahoo Finance US reporting season kicked off this week with impressive results so far from Finance heavyweights JP Morgan, Goldman, BOA and...
Preview: Non-Farm Payroll announcement
It’s the beginning of a new month which means that the Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. Why is the announcement important? Non-Farm Payroll is one of the most closely watched indicators. It is considered ...
Rotation from growth to value stocks accelerates, bond yields continue to rise
March has been an interesting month in global markets. Everything from shipwrecks to a blown-up hedge fund to a continued rise in US bond yields has had investors scrambling to position themselves. Global Equities Major world indices were mostly positive with the Dow Jones and S&P 500 hitting all-time highs in the US and the DAX doing the...
Up next: Bank of England rate decision
With Bank of Canada and the Fed interest rate announcements wrapped up, it’s time for Bank of England to announce their decision whether to increase, decrease or leave the interest rate unchanged. The decision is set to be announced at 12:00 PM London time on Thursday. About Interest Rates Interest rates are set by Bank of England’...
Up next: the Bank of Canada rate decision
One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The rate decision is due to be announced at 15:00 PM London time on Wednesday. Why is the announcement important? A bank interest rate is the rate at which a country's central bank lends money to local banks. The interest rate is charged b...
Preview: Non-Farm Payroll announcement
The Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. It will be the first jobs report since Joe Biden was inaugurated as the 46th President of the United States last month. Why is the announcement important? Non-Farm Payroll is o...
The kiwi shooting star
By Luis Sebastian The Kiwi unemployment rate dropped to 4.9% from 5.3% in the quarter ending December 2020, Statistics New Zealand announced yesterday; it is worth noting some Economists had projected a rise to 5.6%. The Kiwi dollar (NZD) soared after the rate fell unexpectedly in the fourth quarter as the country boomed after a lengthy recession....
See-sawing equity markets, US Dollar strength and stimulus hopes
Equity markets Global markets see-sawed from record highs to steep declines in an eventful month that saw a new US administration sworn in, promises of record US stimulus and the FOMC spoiling the party somewhat. Global equities Major Indices in the US and Europe saw record highs this month on hopes of fresh stimulus from the US and signs of globa...
Preview: Non-Farm Payroll Announcement
It’s a new month and a new year – which means the latest Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. It has been a turbulent week in the United States with a riot causing havoc in Washington D.C. This will be the last jobs...
The pandemic year: investors navigating the new normal
2020 has brought a rapid and unpredicted change. The new decade started with talks about climate change, the shifting trading landscape and trade frictions, Brexit, and the rise of political populism but the dynamics quickly changed to an unparalleled and unprecedented health crisis that rattled the markets throughout the whole year. As we head...
CSL stops phase 2/3 COVID-19 vaccine trials: Australian Govt cancels order
CSL, a leading global biotech company headquartered in Melbourne announced its update on its COVID-19 vaccine developed in collaboration with the University of Queensland. The Company revealed while the Phase 1 trial “elicits a robust response” towards the virus and “has a strong safety profile”, the molecular clamp antibodies did cause ...
Consumer confidence at 10-year high
The Westpac-Melbourne Institute Index of Consumer Sentiment is lifted by 4.1% to 112 in December, reaching the highest level since 2010. The consumer confidence index hits a 10-year high indicating that sentiment has fully improved from the COVID recession. The highlights of the index are mainly centralized around the speed of the recovery see...
Preview: Non-Farm Payroll Announcement
It’s a new month - which means the latest Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. Why is the announcement important? Non-Farm Payroll is one of the most closely watched indicators. It is considered the most wide-rangin...
Stock in News – Tesla and Amazon
Tesla Inc Tesla Inc, the electric car maker is set to join the S&P500 on December 21. The Company’s share price rallied following the announcement, highlighting the dominance of mega-cap growth stocks on the S&P500 benchmark. The Company also received a trading upgrade to a buy-equivalent citing “the company on the verge of a profound...
Vaccine News Boosts Pharmaceuticals
2020 will go down in history as the year of the pandemic. With the ''second wave'' of COVID-19 sweeping the planet and more national lockdowns announced around the globe, there is not much to look forward to now. However, there is a glimpse of hope that we may be able to return to some normality soon. That hope? A vaccine. Pharmaceutical compan...
