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Today Markets Analysis: Europe has spent years treating demographic decline as fundamentally a shortage of people. But the economic problem is more complicated. A larger population does not automatically mean a more productive economy. As artificial intelligence, automation and productivity-enhancing technology change the amount and type of labour businesses require, Europe faces a more fundamental question: should […]
German retail sales disappointed sharply in July, falling 3.4% m/m versus expectations for a 0.4% increase. This was a significant downside surprise, pointing to weaker private consumption. Moreover, Destatis revised the June reading to 0.0% m/m from the previously reported 0.7% decline. The weak data are not encouraging for equities and the valuations of companies […]
Global markets are underpinned by long-term interest rates, which remained elevated at the turn of September amid high energy prices, ample AI-related corporate debt issuance, and wide budget deficits against signs of resilient economic growth. Economic data from the US will be centered on the labor market as FOMC members note the US is at […]
Gold (XAU/USD) extends its gains for the second successive day, trading around $4,610 during the European hours on Friday. The price of the precious metal is remaining within the ascending channel pattern, suggesting a persistent bullish bias. The XAU/USD pair is retaining a constructive bullish bias as spot holds above both the nine-period and 50-period Exponential […]
Natural gas prices are gaining due to concerns about supplies to Europe and high temperatures in the USA. Natural gas prices on both sides of the Atlantic are recording dynamic increases, although they are driven by different fundamental dynamics. While the American market is reacting to the current heatwave, the Old Continent is struggling with […]
There are companies that grow rapidly, companies that can increase the scale of their operations for years, and then there is NVIDIA. Yesterdayโs results once again showed how difficult it is to find another company on the global market that combines growth, profitability, and scale of operations at a similar level. Revenue in the second […]
Jackson Hole focus: is Nvidia is more important than the Fed? As we get to the end of the trading month for the UK, the focus will shift from the corporate back to the macro. Nvidiaโs stunning 8% rally after its Q2 earnings report reignited the AI trade on Thursday, with a broad-based rally that […]
The economic calendar for the end of the week is far from boring, yet the market’s primaryโif not soleโfocus will be the speech by Fed Chair Kevin Warsh at the Jackson Hole central banking symposium. A month ago, the Fed held interest rates unchanged despite a distinctly hawkish front forming within the FOMC (three members […]
Indices and Companies ๐ Economy and Geopolitics ๐ฑ Currencies and Commodities ๐ช Crypto
Bitcoin surged above $80,000 on Tuesday, reaching its highest level since May and bringing its gains since mid-August to about 28%. The move was fueled by a series of positive signals, including renewed interest in the โdebasement tradeโ after the US Treasury announced plans to increase purchases of longer-dated government bonds, weighing on long-term yields […]
