February 9, 2016
Morning all.. Another very worrying session on Wall St even though we did have a rally into the close.. That wasn’t enough as Asia (the bits that were open) got hit hard with the Nikkei closing down nearly 5.5%.. Banking shares again part of the problem as was the case in Europe during the day…. View Article
February 9, 2016
Good morning! This week the major Asian countries are on holiday because of the Lunar New Year which has resulted in slightly less volatility in the market. On Friday the US Non Farm Payrolls came in negative at 151K compared to the expected 190K, however the unemployment rate came in positive at 4.9% compared to… View Article
February 8, 2016
The jobs reports on Friday indicates that FED might further hike rate in the next FOMC meeting, although, NFP figure was below expectation but it’s still on the 200,00 average jobs from subsequent months till date. Other economic data released on Friday shows that the Labour market is on full recovery. Unemployment surprisingly dropped to… View Article
February 5, 2016
Good morning! Once again, as predicted, the Bank of England yesterday left interest rates unchanged at 0.5% with a vote of 9-0. Last November the bank predicted growth for 2016 to be at 2.5%, however the forecast was yesterday cut to 2.2%. The Committee also voted unanimously to maintain the stock of purchased assets… View Article
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