Weekly Market Recap: December 13-17
Central banks dominated this week, with the Fed speeding up its QE tapering, Bank of England surprising markets once again and ECB announcing reduction in asset purchases, while maintaining its dovish stance
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Central banks dominated this week, with the Fed speeding up its QE tapering, Bank of England surprising markets once again and ECB announcing reduction in asset purchases, while maintaining its dovish stance
Another big week for regulators around the worlds, with probes into M&A activity and rising sectors, while airlines and Netflix were also in the spotlight
The Hollywood Foreign Press Association (HFPA) announced on Monday, the nominations for the 2022 Golden Globe Awards, with Netflix being one of the top performers
Friday's headline CPI release indicates that US inflation is rising at its fastest pace since 1982. Month on month showed a rise 0f 0.8% and a 6.8% increase on an annual basis. Core CPI, which strips the series of volatile items, came in at 0.5% m/m and 4.9% y/y. The core increase is the steepest since 1991. Despite the high reading, large-cap US indexes gained on Friday and the week.…
This was another intense week, during which we saw improved mood around Omicron, risk factors from China, two central banks delivering their policy decisions and new surge in US inflation
Another week with a flurry of news and activity, with German automakers, payment firm Visa and tech giant Intel in the spotlight
The Italian competition authority announced on Thursday that it had imposed a fine of over € 1.128 billion on the retail and tech giant, for abusing its dominant position
The stock of the German automotive giant is down on Tuesday following a strong weekly start, despite encouraging news
The stock started the week with losses, following the news that it had received a subpoena by the US Securities and Exchange Commission (SEC)
US30 FXCM's Dow Industrials proxy, the US30, is showing signs of support. The green short moving average is above the slower orange moving average (blue rectangle). The stochastic is also showing a growing momentum and has moved above 80 (aqua arrow). The longer the stochastic stays in this area the great the likelihood of a swing movement in the US30. Past Performance: Past Performance is not an indicator of future…
This has been volatile week, which ended with solid NFPs from the US, while Omicron developments, renewed hawkish commentary from the Fed, OPEC+ and corporate activity were in the spotlight
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