10 min listen
US equity markets fall on surprisingly strong US services data
US equity markets fall on surprisingly strong US services data
ratings:
Length:
9 minutes
Released:
Dec 6, 2022
Format:
Podcast episode
Description
The ISM Services Index rose to 56.5 in November which has cast some doubt over a Fed pivot and contributed to US equity markets falling and US Treasury yields surging yesterday. Chinese authorities are relaxing some of their strict Covid rules, but the possibility of new tariffs on Chinese steel and aluminium might weigh on sentiment. David Meier, Senior Economist, talks about the EUR/USD outlook and Mathieu Racheter, Head of Equity Strategy, shares his latest thoughts on what’s in store for the industrials sector.00:09 Introduction and markets wrap-up by Helen Freer (Investment Writing)02:55 The US dollar and EUR/USD outlook by David Alexander Meier (Macro & Next Generation Research)05:18 Global industrials – is the rally premature? By Mathieu Racheter (Head of Equity Strategy)07:29 Closing remarks by Helen Freer (Investment Writing)
Released:
Dec 6, 2022
Format:
Podcast episode
Titles in the series (100)
Inflation top of mind again: While US markets were closed due to Independence Day, European markets, especially in the UK and Switzerland, staged a rally yesterday, driven by dip buyers. Today, it is all about inflation data with markets again being surprised by higher than expected by Moving Markets: Daily News