4 April, 2016 by The TZ Newswire Staff Comments Off on London Markets: FTSE 100 slammed by slide in oil prices
London Markets: FTSE 100 slammed by slide in oil prices
U.K.
4 April, 2016 by The TZ Newswire Staff Comments Off on Germany Markit services PMI March final 55.1 vs 55.5 exp
Germany Markit services PMI March final 55.1 vs 55.5 exp
Final March PMI data now out for Germany
– 55.5 flash
– composite 54.0 vs 54.1 exp/flash
Softer final readings again sees euro lower eventually
Weakest rise in new business since Oct 2015. Full report
4 April, 2016 by The TZ Newswire Staff Comments Off on France Markit services PMI March final 49.9 vs 51.2 exp
France Markit services PMI March final 49.9 vs 51.2 exp
Final French PMI data now out.
– 51.2 flash
– composite 50.0 vs 51.1 exp/flash
Softer data but euro unfazed with bigger fish to fry.
EURUSD 1.1365 EURGBP 0.7989 EURJPY 125.53
4 April, 2016 by The TZ Newswire Staff Comments Off on Italy Markit/ADACI services PMI March 51.2 vs 53.9 exp
Italy Markit/ADACI services PMI March 51.2 vs 53.9 exp
Latest Italian data now out
– 53.8 prev
– composite 54.7 vs 53.7 prev
Weaker services/stronger composite. Full report
here
4 April, 2016 by The TZ Newswire Staff Comments Off on IMF’s Lagarde says global policy makers must take stronger action to counteract loss of growth momentum
IMF’s Lagarde says global policy makers must take stronger action to counteract loss of growth momentum
IMF boss out on the wires from a planned speech
4 April, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: IMF warns of emerging market risk to U.S. stock markets
The Wall Street Journal: IMF warns of emerging market risk to U.S. stock markets
Major emerging markets, led by China, are increasingly likely to spread fear to financial markets, leading to poor stock performance in the U.S.
4 April, 2016 by The TZ Newswire Staff Comments Off on Japan’s Suga says they will continue to monitor markets
Japan’s Suga says they will continue to monitor markets
Japanese chief government spokesman on the wires
– will keep stance of making appropriate response when needed
– watching fx levels with a sense of urgency
Enough of the jawboning. Talk is cheap. I reckon the markets are now testing the Japanese resolve/credibility. Ironically in this case this means buying their currency which is a little bizarre but that’s the nature of this beast.