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  1. Date : 13th May 2021. Market Update – May 13 – Inflation jump keeps trading nervous. Market News Today –Despite warnings from policymakers, the jump in prices will keep trading nervous. Central bank officials remain adamant that the inflation overshoot that will likely be mirrored in the UK and if not the Eurozone then Germany, is mainly due to base effects and should be transitory, but stocks at least are not so convinced. The surge in April CPI weighed heavily on Treasuries and the jump in yields knocked Wall Street sharply lower. The spike in CPI stole the show this week, thoug
  2. Date : 12th May 2021. Market Update – May 12 – Inflation day. Market News Today – Fears over rising inflation weighed on both stocks and bonds, with equities bearing the brunt of the pressure. The broader indexes were the underperformers with the USA30 dropping -1.9% and the USA100 was down sharply too, off nearly -2%. Today, GER30 and UK100 futures are down -0.3% and -0.2% respectively. The rout in tech stocks in particular continued to see wider markets selling off overnight, and European bourses are likely to continue to struggle ahead of key US inflation data later toda
  3. Date : 11th May 2021. May 11 – Tech sell off & Commodities gain ahead of today’s data. Trading Leveraged Products is risky Market News Today – The stock markets sold off across Asia. Inflation concerns have hit tech stocks in particular, and the rise in commodity prices has seen the 5-year break even inflation rate lifting to the highest level since 2006, according to Bloomberg calculations. China CPI climbed to a 0.9% y/y clip in April, more than double the 0.4% y/y from March. The jump in commodity prices has sparked concern over extended valuations in equities and JPN2
  4. Date : 10th May 2021. May 10 – GBP skyrockets, USD down, Crypto and Metals in the spotlight. Market News Today – The overall tone in stocks remained positive through the Asian part of the session, after Wall Street shrugged off the disappointment of the US jobs report on Friday and took solace in the fact that the data will back the Fed’s dovish tone. Many Asian indices moved higher, while bonds struggled. JPN225 gained 0.4% today, the ASX more than 1% after strong business confidence data. Hang Seng and CSI 300 underperformed and corrected -0.5% and -0.8% respectively against the
  5. Date : 7th May 2021. Market Update – May 7 – USD weaker ahead of NFP. Market News Today – USD moves lower, (USDIndex down (0.45%) to 90.80 earlier), EUR and Sterling both bid. Equities all closed higher (new ATH for USA30, USA500 +0.82%) Financials biggest gainers. Commodities tear continues GOLD breaks $1820. 10-yr Yields slip with USD to 1.568%. Asian markets higher on strong data, from JPY (Earnings), CNY (Services PMI & the Trade Balance more than doubled) and NZD (inflation expectations). EUR – rallied to test 1.2070, JPY holds over 109.00 at 109.15, Cable rotates ar
  6. Date : 6th May 2021. Market Update – May 6 – GBP in focus ahead of BoE & Elections. Market News Today – USD consolidates, (USDIndex holds PP at 91.25), Equities closed mixed (new ATH for USA30, USA100 down 0.37% as rotation away from tech continues). The AUD fell over 0.5% as China said it will “indefinitely suspend” all activities under the China-Australia Strategic Economic Dialogue. 10-yr Yields held at 1.59%. Commodities tear continues – Copper nudging 10- yr highs. German Factory orders much better than expected. Japan, China and South Korea back to work. Biden agrees to
  7. Date : 5th May 2021. Market Update – May 5 – Yellen finesses comments. Market News Today – USD continues its May recovery (USDIndex holds over 91.00), Equities closed lower (Nasdaq shed 1.88%). Mrs. Yellen spooked the market and then toned down her interest rate rise/inflation comments. The Fed’s Kaplan and Allianz’s Al El-Erian also talk up “non-transitory” nature of the inflation threat. Yields cooled on USD advance, fell to 1.55% before moving 1.59%. Overnight Good jobs data from NZD and Housing data from AUD lift the antipodean pair. Japan, China and South Korea still closed.
  8. Date : 4th May 2021. Market update – Shares edging higher. Market News Today – Treasuries kicked off May with modest gains, correcting from the losses to end April. Caution ruled as Covid problems remain worries, especially with the spike in India. Wall Street was led by the USA30‘s 0.7% rally, with the USA500 up 0.27%, though the USA100 slipped -0.48% lower, as tech stocks were under pressure. Comments from Fed Chair Powell suggesting that the economic recovery remains patchy helped to boost Treasuries yesterday, but bonds traded mixed overnight. Australia markets outperformed, b
  9. Date : 3rd May 2021. Market Update – May 3. Trading Leveraged Products is risky Market News Today – A month-end bid, and rotation out of equities has supported! Covid continues to wreak havoc in parts of Asia, and will keep investors nervous again this week, as India deals with a firestorm of new cases (the highest daily cases anywhere in the world) and rising deaths. Additionally, parts of Japan remain under a state of emergency with restrictions in areas including Tokyo, Osaka, and Kyoto. Japan will be on Golden Week holidays Monday through Wednesday, and there are no top-t
  10. Date : 30th April 2021. Market Update – Month End – USD weak, Stocks & Commodities Bid. Market News Today – S&P500 closed at ATH again. USD slipped again (EUR at 2-mth high and up 3%+ for April, USDCAD at 3 year lows). AMZN Earnings big beat – +44% increase in sales (108.5bn); record profits (tripled) AWS +32%, Ad sales a massive +77%; Shares +2.4% after-hours. TWTR beats, rev +28% (108.5bn);recordprofits(tripled)AWS+321.04Bn). Yields rallied to 1.69% 2-week high (now 1.641%). Yesterday – US GDP (6.4%), Claims (553K) and Pending Home sales (1.9%) all missed expectations. O
  11. Date : 29th April 2021. Market Update – April 29 – What a night!!! Market News Today – Japan was closed for a holiday today but elsewhere stock markets got a boost from the FOMC’s commitment to ongoing stimulus and Biden’s USD 1.8 trillion social support plan, with stimulus expected to underpin the recovery in world growth. Action was seen in the front end of the Treasury market. The 2-year yield dropped 1.6 bps to 0.164% from a test of 0.18% after the FOMC assured tapering and lift off was still not even in the conversation. There had been some suspicion,
  12. Date : 28th April 2021. Market Update – April 28 – Low risk appetite. Market News Today – The FOMC and earnings remain the focal points. India continues to threaten, and there are some fears over developing inflationary pressures. No changes or surprises are expected from the Fed. Meanwhile, strong earnings have largely been priced in, so bulls are unwilling to chase stocks higher currently, especially with rates on the rise again. Wall Street was mixed but mostly higher, while the USA100 was modestly lower, though all are at or near all-time highs. Treasury yields advanced a furt
  13. Date : 27th April 2021. Market Update – April 27 – Caution ahead of FED. Market News Today – The short term virus outlook remains difficult in places such as India, which is keeping a lid on growth expectations near term, although looking ahead, confidence that the global recovery will rebound later in the year remains intact. Central banks meanwhile seem successful in keeping a lid on reflation trades for now, although the risk is that with monetary policy failing to take the foot off the accelerator, they will add to bubbles and over-valuations that could be difficult to co
  14. Date : 26th April 2021. The BoJ meets!. Japan’s BoJ begins its two-day meeting tonight, and will announce policy on Tuesday. No changes are expected, though the Bank is expected to lower its inflation forecasts, largely due to lower cellphone charges, which will keep expectations for ongoing stimulus in place. The markets are closed Thursday for Showa Day. Growth optimism seems to be heralding a return of reflation trades, as sharply higher services PPI numbers out of Japan just months away from hosting the Olympics added to signs that companies will pass on higher costs as s
  15. Date : 23rd April 2021. Market Update – April 23 – Equities and Bitcoin Lower; USD Flat. Market News Today – US Equities down again (-0.92%), USD (91.20) & Yields (1.55%) flat, BTC tanks under $50k on Biden proposal to raise capital gains tax to 40%. ECB nothing new, Largarde talked up strong 2H recovery, June meeting likely to see some changes. Claims at 13-month low. Overnight AUD up on good PMIs, JPY CPI lower PMIs ease higher too, Big jump for credit card spending in NZ and UK Retail Sales much better 5.4% vs 1.5%. AT&T & Intel beat expectations. Earth Summit –
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