The British pound overturned Monday’s dip to sub-1.24 and refreshed tops beyond 1.25 to 1.2526 Tuesday. Renewed dollar weakness, despite upbeat industrial production data (low impact expected), helped regain traction.
Global Markets: Asian Stock Markets : Nikkei up 0.06%, Shanghai Composite down 1.68%, Hang Seng down 1.43%, ASX up 0.33% Commodities : Gold at $1501.25 (-0.68%), Silver at $17.84 (-1.02%), Brent Oil at $68.69 (-0.48%), WTI Oil at $62.08 (-0.94%) Rates : US 10-year yield at 1.842, UK 10-year yield at 0.686, Germany 10-year yield … Continue reading Tuesday 17th September: Investors continue to stay on sidelines, China drops.
The euro lost out to the dollar on safe-haven grounds after the weekend oil site attacks in Saudi Arabia, aided also by dovish comments from ECB’s Lane who underscored the reasons behind last week’s multi-pronged policy easing.
Global Markets: Asian Stock Markets : Nikkei up 1.05%, Shanghai Composite down 0.16%, Hang Seng down 1.03%, ASX up 0.06% Commodities: Gold at $1512.15 (+0.84%), Silver at $17.95 (+2.16%), Brent Oil at $66.35 (+10.18%), WTI Oil at $59.62 (+8.80%) Rates : US 10-year yield at 1.868, UK 10-year yield at 0.758, Germany 10-year yield at … Continue reading Monday 16th September: Asian markets mixed in morning trade – central bank meetings in focus
The post-European Central Bank (ECB) advance ran into fresh headwinds off the 1.11 handle Friday, withdrawing to a low of 1.1061 into the closing bell. Retail sales data out of the US favoured the greenback and sent US yields further to the upside.
