October 2023 - Page 2 Of 7 - SCOPE MARKETS Blog

Week ahead: Apple earnings dominate, as FOMC, BoJ and BoE bring central bank theme

Monday 30 October German & Spanish CPI The week starts with a focus on the eurozone with inflation data from the likes of Spain and Germany dominating. With Tuesday set to bring the wider eurozone inflation gauge, markets will likely look at these initial figures as an indication over where the regional figure might move. […]

by Joshua Mahony
11 months ago

US markets hit correction territory, with Amazon outperforming as tech stocks tumble

European markets have taken on a somewhat constructive tone in early trade today, with commodity focused equities helping to lift the FTSE 100 in spite of a circa 10% decline for NatWest. Better than expected growth data out of Spain has helped prop up EURGBP despite the ECB’s move to end their tightening phase after […]

by Joshua Mahony
11 months ago

Monthly FX Breakdown – November 2023

USD A choppy month for the US dollar has seen the dollar index oscillate between the 105.5 and 107 levels. By and large, gains have been relatively short and sharp in nature, with much of the month dominated by gradual declines. This highlights the fearful nature of markets of late, with periods of confidence being […]

by Joshua Mahony
11 months ago

Earnings Preview: Apple, Starbucks & Booking Holdings

Apple Q3 earnings Thursday 2 November Apple shares have been on the back foot since reaching a fresh high in July, losing over 13% in just over three-months. That may not sound like too much, but for a multi-trillion dollar company, we are talking about serious value destruction in play. While those declines are a […]

by Joshua Mahony
11 months ago

China stimulus hopes lift FTSE miners, while US markets wait Meta earnings

European markets are struggling to follow the lead of Asian indices, which ended the session in the green on hopes that we will see the Chinese push forward with a major fiscal spending plan. With the Chinese announcing that they will issue one trillion-yuan ($137 billion) worth of special treasury bonds in the fourth quarter, […]

by Joshua Mahony
11 months ago

ECB Preview: Falling inflation and growth data likely to bring end to tightening phase

Introduction The European Central Bank (ECB) comes back into play as a key driver of volatility, with the bank announcing their latest monetary policy decision on Thursday 26th October (13:15 UK time). As traders alike await this pivotal announcement, the outlook for the ECB appears to have finally shifted after 10-consecutive of rate hikes. Will […]

by Joshua Mahony
11 months ago