S&P 500, Nasdaq 100, Dow Jones Forecast Ahead of Non-Farm Payrolls (NFP)
Stocks have been stung by sellers over the past week and the focus now shifts towards Non-farm Payrolls for clues towards the next move.
FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Jul 25, 2022 when FTSE 100 traded near 7,303.30.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.
Singapore office rents set to rise as H.K.’s fall on supply boom
Singapore office rents could continue to rise in 2H on solid leasing demand and falling vacancy rates, while those in Hong Kong might drop further under a supply boom over the next 12-18 months.
US 500 IG Client Sentiment: Our data shows traders are now net-long US 500 for the first time since Jul 27, 2022 when US 500 traded near 4,016.28.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.
Euro Struggles After Another Fed Flex Toward Higher Rates Boosts the US Dollar
The Euro gave up some ground today as US Dollar strength continues across the board after more Fed messaging lifted Treasury yields and sunk currencies, commodities and equities.
High Inflation, Recession Risk Widen ECB Dilemma
FRANKFURT, Aug 31 Reuters Euro zone inflation jumped to another record high and will soon hit doubledigit territory, heralding a string of big interest rate hikes even as a painful recession appears increasingly certain. Driven by expensive gas and a devastating drought, consumer prices jumped more than expected in August and further rises are already […]
Irish Household Savings Begin to Rise Sharply again
DUBLIN, Aug 31 Reuters Irish households set aside more money in July than during any month in the last year, central bank data showed on Wednesday, adding further to savings that have rocketed to record levels since the start of the COVID19 pandemic. The growth in net household deposits began to slow earlier this year, […]
Goldman Sachs sees 75 bps ECB Rate Hike in September
MILAN, Aug 31 Reuters Goldman Sachs expects the European Central Bank to raise interest rates by 75 basis points at its policy meeting next week after data on Wednesday showed euro zone inflation hitting a new record high. Given today39;s strongerthanexpected inflation data together with hawkish commentary and upside risks to nearterm growth we now […]