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It is pretty hard to fathom out direction on the markets right now, given that conflicting US data just released a few minutes ago. The general takeaway from all this; is it really was not that bad. Granted sales did not meet expectations, but they still rose last month and the claims numbers were not outside of anything to note really. It really all depends on how one wants to view that Philadelphia index, because that was a stellar number. Hence, US yields have not shifted much at all, but they are slightly lower. So are the US stock futures for choice right now and the Dow Jones is still leading in that respect. The S+P 500 future is still clinging to a higher opening though and so are the Nasdaq 100 futures. It remains to be seen just how this will play out, when live trading resumes and whether or not the really positive gains from yesterday can be added too today. The Dow Jones is right now pricing an opening below 43,100
Owing to technical issues there will be no further updates this afternoon. It is hoped that Quick News coverage will resume when the Amazon results...
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has...
The Bank of England (BOE) has just announced the outcome of its monetary policy decision. The overwhelming general consensus was for a cut of 0.25%...
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