March 7, 2016 European Opening Session 07/03/2016

Morning Update – 07/03/2016 by Michela Jaccarini

March 7, 2016 Good morning all, The financial markets have recently been reversing slightly. Most notably, oil which on the 11th of February hit a low price of 26 has reversed and is currently trading at 36.38. Last Friday there was also the issuance of the Non Farm Payroll figure for the United States. Job creation for the… View Article

Non-Farm Payrolls before FOMC

March 4, 2016 Later today, the US economy will be releasing key employment data well known as Non-farm payroll (NFP). Market is expecting the US economy to have added 191,000 jobs in February which is an upward revision from the previous month (151,000). Unemployment is expected to remain unchanged at 4.9% which is eight years low and most… View Article

Quick Update -by- Michael Oyebamiji

March 3, 2016 UK service PMI data hits the lowest level since March 2013. This is coming few days after the Eurozone inflation dropped back to negative territory. The figure which shows Services dropped to 52.7 while market was expecting 55.1. it will be recalled that the service industry occupies a greater proportion of the UK economy. The… View Article