Jean-Claude Juncker, president of the European Commission, will deliver the annual State of the Union speech next week in a more upbeat mood than a year ago, when the 28-nation bloc was buffeted by the U.K.’s decision to leave and anti-EU parties appeared to be on the march.
Option markets recorded the strongest bullish sentiment on the EUR since 2009 and the premium to buy calls has reached a record high. Investors are betting that the ECB will announce a change in its monetary policy on Oct 26th and will start reducing the size of its bond buying program ahead of time.
It’s 2007 all over again.
The euro is on a tear, U.S. investors are snapping up European stocks — and traditional theories to justify the shared currency’s spirited advance have broken down, as investors luxuriate in a climate of low volatility.
US DOLLAR awaiting the FED meeting
The dollar rose against the euro and yen in choppy trading on Friday after a report showed the U.S. economy created more jobs than expected last month, but gains were capped by wages data that analysts said were disappointing.
Sometimes, it takes very little to get a clear picture of what is going on.
The table above form Tradingeconomics.com sums-up the current state of the World Economy, with the major economic indicators for the world largest economies, Green indicating numbers increasing and Red indicating numbers decreasing.
IS DONALD TRUMP DETERMINED TO MAKE THE WORLD A BETTER PLACE ?
Tensions are growing seriously as Donald Trump seems to have taken a pro-active tack on International issues, both in North Korea and Syria, while Iran is gearing up for a more conservative leadership.
The U.S. dollar rallied on growing expectations that the Federal Reserve will hike interest rates later this year.
The Federal Reserve must respond to “very tight” U.S. labor markets by gradually raising interest rates or risk halting the economic recovery, a hawkish Fed official said on Saturday.
China’s foreign-exchange reserves posted a seventh straight gain in August as the yuan rose in its best monthly performance in at least a decade.
China’ reserves climbed $11 billion to $3.09 trillion, the People’s Bank of China said today,
The designation of Jerome Powell as the next FED Chairman was a dovish sign of continuity at the FED with reassurances that monetary policy would not be modified drastically. The FED November meeting went without surprise, without rate hike and without press conference and the employment numbers that came out on Friday were less strong than market expectations.
Even the names of nearby boat basins were reminders of Britain’s lost empire and postwar decline: the West and East India docks.
George Iacobescu arrived in 1988, sent to oversee what at the time seemed like a bold, verging-on-insane idea: the creation of a financial district that would supplant the winding lanes and low-slung stone of the City, London’s traditional banking hub.