Market Overview

by Pinchas CohenKey Events Asia stocks climb, breaking tech selloff Pound flat; election announcement gains almost erased Oil recovers; first repeated gain in 3 weeks Investors look to Fed...

Tuesday June 13: Five things the markets are talking aboutOvernight, equities have advanced as the global selloff in technology shares showed signs of easing, while sterling has found some support as...

The US dollar is trading with a heavier bias against all the major currencies save the Japanese yen. The Scandis and Canadian dollar are leading the move. Sweden reported a 0.1% rise in the headline...

Following Macron’s landslide victory in French presidential election, the euro spiked to its highest levels in more than six months. The risks to survival of the single currency have finally...

Norges Bank just published the Q2 Regional Network Survey, which is its preferred gauge of economic activity. The aggregated output index (next 6 months) rose from 1.02 to 1.29 (Danske: 1.2, no...

The clear focus has been on tech and whether the moves we saw on Friday could turn into something more pronounced and longer-term. We have seen a modest pickup in implied volatility, with the US...

“I’ll get us out of this mess”Theresa May faced down some reportedly very upset Conservative MPs yesterday in her first face-to-face meeting with her party since last week’s...

The inflation in the UK rose by 0.3% month-on-month in May, versus 0.2% expected by analysts. The headline inflation rose to 2.9% y/y from 2.7% and the core inflation advanced to 2.6% from 2.4%...

Canadian Dollar jumps sharply overnight as boosted by comments from a top BoC official that raises prospect of a rate hike. Senior Deputy Governor Carolyn Wilkins said in a speech that adjustment to...

The FOMC meeting is scheduled for Wednesday, and the markets are likely to remain flat in the near term. The economic calendar was light yesterday. In the UK, politics continued to bring uncertainty...

The Canadian dollar was one of the top performing major currencies after gaining on hawkish comments from a Bank of Canada official. The pound remained soft while the dollar index was little changed...

Market movers today We have some quite important data releases in Scandinavia. In Norway, Norges Bank will publish the Q2 Regional survey (its preferred gauge of economic activity), which should paint...

Theresa May's meeting with the 1922 committee went very well and it seems she will stay as PM at least until the UK formally exits the EU by the end of March 2019.The reason is that the party does not...

Recent dip in EUR/DKK to 7.4350-60 is at odds with the stabilisation in the political situation in France and should only be temporary.We forecast EUR/DKK will trade around 7.4400 on 1-12M. We...