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Market Analysis

October, 2021

  • 29 October 2021 10:02 pm

    German economy unable to keep up with France

    Germany

    It is Eurozone GDP day again and the just released German GDP data shows that private consumption alone is not sufficient for the economy to keep up with fast growing economies like France.Supply chain disruptions will delay the moment for the German economy to return to pre-pandemic levels as it …

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  • 29 October 2021 9:25 pm

    Polish and Czech central banks in focus

    European Stocks

    Next week, central bank meetings in Poland and Czechia will be the main focus. After a higher than expected flash estimate for October inflation in Poland (6.8% vs. 6.4%), Poland’s MPC should not go for a 50bp interest rate hike because of inflation.Inflation is expected to exceed 7% in the …

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  • 29 October 2021 8:12 pm

    GBP/USD over stronger U. S. dollar ahead Fed and BoE meetings

    The GBP/USD slides for the third time in the week, looking forward to ending the week in the red, down 0.67%, trading at 1.3696 during the New York session.Worse than expected, heavy-tech US Q3 corporate earnings on Thursday and concerns about inflation and tight monetary policy dampened market sentiment, weakening …

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  • 29 October 2021 7:35 pm

    UoM Consumer Sentiment Index edges lower to 71.7

    Consumer confidence in the US weakened modestly in October with the University of Michigan’s Consumer Sentiment Index declining to 71.7 in October’s final reading from 72.8 in September. This print came in slightly better than the flash estimate and the market expectation of 71.4.Other details have indicated that the Current …

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  • 29 October 2021 6:17 pm

    Market Drivers – European Session 29-10-2021

    The European session was packed with data from Europe and the US, here’s a summary of today’s drivers The US dollar index, which measures its performance against a basket of six major currencies, rose 0.25% to 93.58 points, moving away from its lowest level recorded yesterday at 93.277 points, the …

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  • 29 October 2021 6:12 pm

    The Dollar is Rising But Remains at Low Levels

    The US dollar index, which measures its performance against a basket of six major currencies, rose 0.25% to 93.58 points, moving away from its lowest level recorded yesterday at 93.277 points, the lowest level in nearly a month, and the dollar traded during the day at levels between 93.32 and …

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  • 29 October 2021 4:49 pm

    The U.S. Annual Core PCE Inflation Stays Unchanged at in September

    Inflation in the US, measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 0.3% on a monthly basis in September, the US Bureau of Economic Analysis reported on Friday. Annually, the PCE Price Index edged higher to 4.4% from 4.2% but came in lower than the market …

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  • 29 October 2021 4:30 pm

    Reuters: OPEC+ Cuts Its Forecast For Oil Demand Growth in 2021

    OPEC

    Reuters quoted two sources as saying that the OPEC+ Joint Technical Committee reduced its estimates for the growth of global oil demand this year to 5.7 million barrels per day from 5.8 million, amid the continued strong recovery of consumption since its collapse in 2020. One of the sources said …

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  • 29 October 2021 3:38 pm

    Gold Under pressure, Eyes on Fed

    Gold prices fell, with the rise of the dollar, while investors are looking for more clues from an upcoming meeting of the Federal Reserve’s monetary policy committee (the US Central Bank) to reduce economic stimulus as inflation expectations rise. Spot gold fell 0.4% to 1791.81 per ounce. US gold futures …

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  • 29 October 2021 2:52 pm

    European Shares Fall Under Pressure From The Technology Sector

    Technology stocks weighed on European shares at the open, as shares of Apple suppliers fell on downbeat expectations for the holiday period from the iPhone maker, while investors remained concerned about the prospects for monetary policy. Shares of semiconductor companies S.T.Micron Electronics, Infineon Technologies, and ASML fell between 0.3% and …

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  • 29 October 2021 2:10 pm

    Eurozone Preliminary CPI Accelerates October

    The annualized Eurozone Consumer Price Index (CPI) rose by 4.1% in October, exceeding expectations of 3.7% while sharply higher from the previous reading of 3.4%, data published by Eurostat showed on Friday. The core figures arrived at 2.1% YoY in October when compared to 1.9% expectations and 1.9% booked last.

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  • 29 October 2021 1:35 pm

    Eurozone Preliminary GDP Grows in Q3

    The Eurozone economy grew 2.2% on quarter in the three months to September of 2021, beating 2.0% expected and 2.2% previous, the first estimate showed on Friday. Annually, the eurozone GDP rate expanded by 3.7% in Q3 vs. 14.3% seen in the second quarter of 2021 while beating 3.5% expectations.

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  • 29 October 2021 1:24 pm

    Market Drivers – Asian Session 29-10-2021

    Markets witnessed a quiet Asian session today. The Nikkei index rose 0.25 percent to close at 28,892.69 points, after falling about 1.2 percent earlier in the session. The index increased during the week by 0.3 percent. The broader Topix index also increased and closed up 0.08 percent at 2001.18 points. …

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