Market Commentary

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Daily Briefing, Market Analysis

Market Commentary featuring EU, UK, and US equity, bond, interest rate, forex, and commodities markets. Daily and weekly reports and opinions.

QE3 Not Effective

Published by Filipe R. Costa on Thu, 20/09/2012 - 11:02
bull bear fight

Daily Market Commentary for September 20: The anxiously anticipated monetary easing, that gave a boost to the markets last week, is losing steam and its effects are just vanishing as investors re-evaluate the full potential of it. It is becoming apparent that it will take more than just printing money to boost the economy and ultimately equities.

Bullish Mood Vanishing, Social Unrest Rising

Published by Filipe R. Costa on Tue, 18/09/2012 - 11:43
social unrest

Daily Market Commentary for September 18: The bullish mood is rapidly vanishing as Europe returns to the centre of all attentions. Spanish is resisting a full bailout and yield spreads on worrisome countries started increasing again. Social unrest is picking up and it seems there is much still to do in EU.

FED Acts, Europe Will Suffer

Published by Filipe R. Costa on Fri, 14/09/2012 - 10:05
qe3 dose

Daily Market Commentary for September 14: Yesterday the FED announced a new bond buying plan with unlimited funds and no end date. According to Ben Bernanke, the FED is willing to do whatever it takes to put the US economy on track again, spending as much as $40 billion per month and continuing its operation Twist. The Euro continues to rise and may have disastrous effects in peripheral eurozone economies.

Waiting For The FED

Published by Filipe R. Costa on Thu, 13/09/2012 - 10:04
qe3

Daily Market Commentary for September 13: Yesterday some good news came to the market as the German Constitutional Court approved the country contribution to the European Stability Mechanism - the bailout fund. Today we will see increased volatility as the Federal Reserve will announce decisions from its FOMC meeting.

German Court Rules Favourably

Published by Filipe R. Costa on Wed, 12/09/2012 - 10:35
euro rescue fund

Daily Market Commentary for September 12: The Germany’s Constitutional Court approved the ratification of the ESM bailout fund as widely expected by the market. Nevertheless equities edged higher after the ruling was known earlier this morning.

Rally Loses Steam

Published by Filipe R. Costa on Tue, 11/09/2012 - 11:48
train climbing

Daily Market Commentary for September 11: The rally occurring last week, especially on Friday, is now losing steam and investors prefer to wait on the sidelines for the result from the FOMC meeting to be held next Thursday.

Payrolls Disappoint and Boost Gold

Published by Filipe R. Costa on Mon, 10/09/2012 - 13:11
gold

Daily Market Commentary for September 10: As desired by many, the last payrolls report disappointed. It seems odd, but many were anxiously waiting for a payrolls report that would help the FED in justifying another round of quantitative easing. The number came in at 96,000, below the expected 125,000.

Here Comes The Fireworks From The ECB

Published by Filipe R. Costa on Fri, 07/09/2012 - 11:31
ECB fireworks

Daily Market Commentary for September 7: The ECB finally announced a bond-buying program and led equities higher. Investors seem happy for now but many questions remain unanswered.

Let the Central Bank Games Begin

Published by Filipe R. Costa on Thu, 06/09/2012 - 11:55
Draghi

Daily Market Commentary for September 6: All ears are aggressively tuned to Draghi’s frequency. At 13.30 UK time, the ECB will hold a press conference that may be one of the most important in the bank’s history as investors expect important announcements coming from it.

US Economy Growing at 1.7%

Published by Filipe R. Costa on Thu, 30/08/2012 - 10:49
ben bernanke

Daily Market Commentary for August 30: The US economy is growing at a better pace than first thought. The US Bureau of Economic Analysis reported a growth of 1.7% for the second quarter, while the advance estimate reported one month ago showed 1.5%.

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