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Market Analysis

October, 2021

  • 13 October 2021 9:51 pm

    European Union to cancel checks on British goods

    The European Union said its new plan for Northern Ireland will cut customs paperwork by 50% and mean most food products will not need to be checked when arriving from Great Britain.Northern Ireland has a special Brexit deal which keeps it in the EU’s single market for goods and allows …

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  • 13 October 2021 9:42 pm

    Inflation data push Treasury yields closer together

    The gap between yields on shorter- and longer-term Treasury yields narrowed Wednesday after new data showed consumer prices rose in August. The gap narrowed mainly because Longer-dated Treasury yields moved lower after stronger than expected U.S. inflation data.In turn, 10 and 30 year U.S. yields were lower on Wednesday morning. …

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  • 13 October 2021 9:08 pm

    CPI data creates problems for Wall Street

    Stocks on Wall Street drifted between gains and losses on Wednesday, with the S&P 500 down 0.2% soon after the start of trading. The Nasdaq composite ticked up 0.3%. After opening higher, the Dow and S&P 500 soon lost momentum and gave back their modest gains in exchange for losses. …

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  • 13 October 2021 8:42 pm

    BoE: Crypto growth could create risk

    Bitcoin

    Cryptocurrency market is double the size of the sub-prime debt in the U.S. on the eve of the financial crisis posing a threat unless urgently regulated according to the Bank of England.Crypto assets are worth $2.3 trillion, about 200% more than at the start of 2021. While that represents a …

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  • 13 October 2021 8:00 pm

    U.K. disposable incomes dropping

    U.K. disposable incomes are set for their biggest drop in a decade next year as rising inflation, tax hikes and tighter monetary and fiscal policy put the squeeze on consumers, according to Credit Suisse.The bank predicts a 1.5% drop in real disposable incomes in 2022, the biggest fall since the …

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  • 13 October 2021 7:48 pm

    Chinese real estate sector suffers fresh downgrades

    The deep crisis of Chinese Evergrande Group and major home builders drove debt market risk premiums on weaker Chinese firms to a record high on Wednesday triggering new credit rating downgrades.Evergrande missed its third round of interest payments on its international bonds this week, and other firms have also warned …

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  • 13 October 2021 7:24 pm

    What inflation and CPI surge means for Tapering

    Inflation in the U.S. accelerated moderately in September with the consumer-price index CPI up 0.4% in September from August, and 5.4% on an annual basis, the Bureau of Labor Statistics said Wednesday. The CPI was up 0.3% in the month of August.U. S. inflation isn’t going away and that means …

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  • 13 October 2021 7:06 pm

    IMF warns of crypto impact

    The International Monetary Fund (IMF) has issued a warning about the growing risks in the expanding cryptocurrency space, including fraud, excess speculation and potential “runs” on seemingly more stable assets, in a report on Tuesday.Crypto in all its forms has been spreading around the globe. Nearly half of the world’s …

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  • 13 October 2021 6:14 pm

    Market Drivers – European Session 13-10-2021

    During the European session today, the Chinese yuan rose to 6.44 against the US dollar, approaching a two-week high of 6.43 touched earlier in October. Investors cheered strong Chinese trade data showing that exports and imports continued to rise at robust rates in September, both of which set records. On …

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  • 13 October 2021 5:30 pm

    The U.S. Annual CPI Inflation Edges Higher to 5.4% in September

    Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 5.4% on a yearly basis in September from 5.3% in August, the US Bureau of Labor Statistics figures showed on Wednesday. This reading came in line with analysts’ expectations. The CPI edged higher to 0.4% from …

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  • 13 October 2021 5:17 pm

    FOMC Minutes Preview: Fed to Reiterate Taper Message Despite Weak NFP

    “All but met,” is the sentence Fed Chair Jerome Powell said about the plan to taper, but the weak NFP numbers may derail the bank from its plan to taper sooner. On Tuesday, three U.S. Federal Reserve policymakers said the economy had recovered enough to begin tapering, reinforcing expectations that …

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  • 13 October 2021 4:28 pm

    U.S. Natural Gas Contracts Trim Their Gains After Rising 3%

    The U.S. contracts for natural gas fell during Wednesday’s trading, after rising 3% yesterday, supported by expectations that cold weather will prevail more than expectations and increased demand. There are fears of an energy crisis in Europe, as analysts have indicated that natural gas stocks are about 15% less than …

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  • 13 October 2021 3:52 pm

    OPEC Revises 2021 Oil Demand Growth Forecast

    In its monthly report published on Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) announced that it lowered the 2021 oil demand growth forecast to 5.82 million (bpd) from 5.96 million bpd, per Reuters. Raising expectations of non-OPEC supply growth by 100,000 barrels per day in 2022 Maintaining the …

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