Morning Report: 08.15 London This morning, markets have resumed their downtrend after some disappointing data from China overnight. Chinese PPI, fixed asset investment industrial production all came in below estimates. In the UK, Nationwide consumer confidence also fell below estimates. Banking stocks have also come under pressure following JP Morgan’s admission that a single trader…

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Afternoon Report: 18.00 The morning’s positive mood has continued into the afternoon session despite some soft economic data throughout the day. French industrial production came in below estimates, while Canadian and US trade balance figures both disappointed. These appear to have had little impact though with markets keen to cover short trades made yesterday. The…

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Afternoon Report: 18.00 The morning’s positive mood has continued into the afternoon session despite some soft economic data throughout the day. French industrial production came in below estimates, while Canadian and US trade balance figures both disappointed. These appear to have had little impact though with markets keen to cover short trades made yesterday. The…

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Morning Report: 08.00 London This morning, financial markets are rallying following a slew of positive data overnight. Japanese current account data came in better than expected with Australian employment data also impressing. However, the real catalyst has been better than expected Chinese Trade balance numbers that came in well above estimates. With its close ties…

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Morning Report: 08.00 London This morning, financial markets are rallying following a slew of positive data overnight. Japanese current account data came in better than expected with Australian employment data also impressing. However, the real catalyst has been better than expected Chinese Trade balance numbers that came in well above estimates. With its close ties…

Read the rest of this entry