European indices mixed after sharp drops in previous two sessions

European indices mixed after sharp drops in previous two sessions. The pan-European Stoxx 600 moved 0.17% higher. Spain's unemployment rate fell to 11.27% in Q2. Sweden's trade surplus surged to SEK8.7B in June. Retail sales in Norway shrank 5.1% M/M.

Multi-Asset Mid-Year Outlook Global Growth Picture Supports Risk Assets

Why We Still Expect A Bank Of England Rate Cut In August

We expect a 6-3 vote in favour of a 25 basis-point rate cut on Thursday 1 August. Markets are on the fence about an August rate cut. Services inflation isn't as bad as the headlines suggest, says ING. The Bank of England is expected to continue to push for gradual rate cuts.

European markets choppy amidst earnings flurry and Wall Street selloff

European markets choppy amidst earnings flurry and Wall Street selloff. The pan-European Stoxx 600 moved 1.38% lower. Technology stocks tumbled. Nestle, Renault, Kering and Roche among companies set to report earnings. U.S. 10-year Treasury yield down 6 basis points to 4.23%.

Flash PMI Shows U.K. Businesses Gaining Confidence As Selling Prices Rise At Slowest Rate For 3½ Years

Flash PMI survey data for July signals an encouraging start to the second half of the year. Business activity rose for a ninth successive month in July. Growth accelerated in both manufacturing and service sectors. Prices charged have risen at their lowest rate for nearly three and a half years.

UK's flash composite PMI reading at 52.7 in July

UK's flash composite PMI reading at 52.7 in July, up from 52.3 in June. Flash manufacturing PMI at 51.8, a 24-month high. The S&P Global Flash UK PMI Composite Output Index rose from 50.9 in June to 52.6 in July.

European markets slide after corporate earnings and PMI numbers disappoint

European markets slide after corporate earnings and PMI numbers disappoint. The pan-European Stoxx 600 (STOXX) moved 0.75% lower. Underwhelming earnings from luxury giant LVMH hit its lowest level since January. Germany's flash composite PMI drops to 48.7 in July.

European markets mixed with a flurry of corporate earnings

European markets mixed with a flurry of corporate earnings reports. The pan-European Stoxx 600 moved 0.14% lower. The consumer confidence index in Turkey fell to 75.9 in July. The U.S. 10-year Treasury yield was down 2 basis points to 4.24%.

The Best Tech And Energy Stocks Should Remain Strong

Weekly Report: what happened at EWUS last week (0715-0719)?

European indices firmer as markets analyze U.S. political landscape

European indices firmer as markets analyze U.S. Political landscape. Retail sales in Poland rose by 4.4% Y/Y in June. The pan-European Stoxx 600 moved 0.54% higher. European markets seem firmer with U.s. Futures holding up.

Weekly Commentary: Election On The Brink

Americans fear their country is spiraling out of control following an assassination attempt on Donald Trump. This week likely marked the onset of a period of de-risking/deleveraging. The S&P 500 was at record highs in Monday's trading. Doug Noland offers his weekly market commentary.

Weekly Market Outlook: U.S. PCE, GDP, And Earnings Expected To Drive Volatility

Home Market Outlook Today's Market Weekly Market Outlook: U.S. PCE, GDP, And Earnings Expected To Drive Volatility. This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals. Next week, US PCE and GDP data will be key drivers of market volatility.

European markets set for weekly drop as tech selloff continues

European markets set for weekly drop as tech selloff continues. Retail sales in the UK declined 1.2% month-over-month in June. The pan-European Stoxx 600 fell -0.6% on Friday. Travel and leisure shares led the losses, while miners fell.

Rates Spark: Lagarde Clear About Not Committing To Cuts

Brexit bulletin: U.K. aims to reset the EU trade relationship

U.K. Prime Minister Keir Starmer aims to reset the EU trade relationship with the European Union. Nearly 50 European leaders will meet in Oxfordshire, England, for a one-day session of the European Political Community. Trade is in focus as the parties try to build closer cooperation on shared issues.

Could The Fed Cut Interest Rates Twice In 2024?

US disinflation may lead to a third-quarter Fed rate cut. Recent data on US inflation shows that the disin inflationary process is picking up steam. I believe the Federal Reserve will cut before the end of the third quarter. I see room for more than one rate cut in 2024. S&P 500 companies are forecasted to deliver their highest year-over-year earnings growth.

Europe markets steady as investors brace for ECB policy decision

Europe markets steady as investors brace for ECB policy decision. The pan-European Stoxx 600 held steady at +0.04% on Thursday. European Central Bank is expected to stand pat on rates. Oil and gas sector tracked higher crude prices. U.S. Initial jobless claims expected later in the day.

UK's unemployment rate unchanged at 4.4% in May as expected

Rates Spark: Pricing Of ECB Cuts Facing Limits

Market pricing for 2024 ECB cuts looks stretched. Markets are now pricing in 48bp of ECB cuts in 2024, just shy of two full 25bp cuts. Three UK rate cuts still on the table this year. The Fed’s Beige Book is scheduled for later today.