Cross Asset Forecasts for Q3 2022
Get your quarterly forecasts for all major asset classes here.
Pound Strengthens as Traders Assess Interest Rate Prospects
July 4 Reuters The British pound rose against the dollar and euro on Monday, pulling away from twoweek lows as risk sentiment improved and traders focused on any signals that the Bank of England could raise interest rates faster than expected. At 1413 GMT the pound was up 0.31 against the dollar at 1.21330 . […]
AUD Up ahead of RBA, JPY Down on riskon Mood
Rates as of 0500 GMT Market Recap AUD was the bestperforming currency ahead of this mornings rate decision by the Reserve Bank of Australia RBA. In the event they raised rates by 50 bps as most forecasters had predicted 25 out of 26 polled on Bloomberg. The currency fell on the news a typical buy […]
Italys De Nora Shares Fall on Market Debut
MILAN, June 30 Reuters Shares in Italy39;s Industrie De Nora made a disappointing start on Thursday, falling 2.8 after the group became the first major company to list on the stock market in Milan since Russia39;s invasion of Ukraine. Electrode maker De Nora had priced its IPO at 13.50 euros per share, at the bottom of […]
Spanish Factory Activity Grows in June at Slowest Pace in 17 Months
MADRID, July 1 Reuters Factory activity in Spain grew in June at the slowest pace since January 2021 as a challenging economic environment, notably price increases, weighed on demand, a survey showed on Friday. SP Global39;s Purchasing Managers39; Index PMI for manufacturing stood at 52.6 in June, down from 53.8 in May, according to the […]
Italy June Manufacturing Growth Slowest for Two Years
ROME, July 1 Reuters Italy39;s manufacturing sector grew at the slowest pace in two years in June, a survey showed on Friday, as firms reported weak demand and increasingly downbeat expectations. The SP Global Purchasing Managers39; Index PMI for Italian manufacturing came in at 50.9, down from 51.9 in May and registering the lowest reading […]
Drop in Demand Weighs on German Manufacturing, Outlook Darkens
BERLIN, July 1 Reuters A sharp fall in new orders weighed on German manufacturing activity in June, darkening the outlook for Europe39;s largest economy, a survey showed on Friday. SP Global39;s final Purchasing Managers39; Index PMI for manufacturing, which accounts for about a fifth of Germany39;s economy, fell to 52.0 in June from May39;s final […]
Recession Worries Strain London Stocks on 1st Day of 2nd Half
Energy, mining stocks lead losses Jupiter Fund, Abrdn slide after Citi downgrade FTSE 100 flat, FTSE 250 off 0.16 July 1 Reuters UK stocks came under pressure on Friday after data showed factory activity lost more steam in June amid elevated price pressures, underlining the risk of a sharp slowdown or a recession in Britain. […]
Muted Start to new Quarter for European Equities as Recession Worries Weigh
Euro zone inflation hits another record, tops estimates Micron39;s bleak outlook weighs on chip stocks Italy, Spain39;s factory activity growth slows Sodexo jumps on better than expected Q3 revenue July 1 Reuters European shares closed flat on Friday as gains in defensives countered a selloff in semiconductor and commoditylinked stocks, while investors prepared for the […]
SafeHaven Demand Pins Euro near a FiveYear Low
LONDON, July 4 Reuters The euro flattened on Monday, staying near a fiveyear low against the U.S. dollar, as investors sought safety in the greenback amid worries about slowing global growth. The war in Ukraine and its economic fallout, in particular soaring food and energy inflation, has been a major drag on the euro, which […]