Daily Market Commentary 19th April 2021
The University of Michigan Economic Sentiment report was positive, but weaker than expected. US Building Permits increased 2.7%, while Housing Starts exploded, increasing 19.4% for
The University of Michigan Economic Sentiment report was positive, but weaker than expected. US Building Permits increased 2.7%, while Housing Starts exploded, increasing 19.4% for
US Retail Sales blew through expectations and set equity markets on fire. The headline US Retail Sales number was a huge increase of 9.8% for
Earnings season kicked off in a sparkling way, with Goldman Sachs blowing away expectations and leading the banking stocks higher, lifting the Dow to new
The distribution of John & Johnson ‘vaccine’, was paused overnight in the USA, due to some worrying blood clotting in recipients. This is the latest
Equity markets pulled back from record highs, set to be dominated by inflation and growth. In the US the important CPI number will be released
US equity markets closed the week strongly, inspired by the confidence exuded by Central Bankers, the IMF and the World Bank. These organisations met with
The Fed minutes supported Chairman Powell’s recent statements regarding the US economic recovery, reiterating that growth would be stronger than expected and that there needed
The Fed Minutes were released overnight, with overwhelming support for current monetary policy and QE infinity. The Fed committed to continue the ‘highly accommodative’ monetary
The RBA left interest rates unchanged and assured markets QE would continue until inflation returned to the target range (2-3%), while wages growth needs to
The blow-out in Non Farm Payrolls, released Good Friday, sparked an explosive surge to start the new week in US equities. Non Farm Payrolls beat
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