January 2024 - Page 4 Of 6 - SCOPE MARKETS Blog

US CPI Preview: Will markets jolt on an unwelcome rise for US inflation?

Thursday brings the latest data out of the US with markets likely to see plenty of volatility around this release. Chief Market Analyst Joshua Mahony provides an in depth analysis on what to expect in this key report and why we may see initial risk-off sentiment take hold. While markets expect plenty from the Federal […]

by Joshua Mahony
9 months ago

US bank earnings preview: What to expect as the banks kick off Q4 earnings season

Friday sees the third quarter earnings season kick off with a big focus on US banks, as JP Morgan Chase, Citigroup, Wells Fargo, and Bank of America release the latest data. With The US economy managing to remain well within positive growth territory despite a period of monetary tightening from the Fed reserve, markets will […]

by Joshua Mahony
9 months ago

Markets on the rise, despite inflation uncertainty

European markets are attempting to reverse yesterday’s losses, although the FTSE 100 is struggling to replicate the gains seen throughout mainland indices as the pound strengthens against the dollar. A mixed Asian session saw Japanese stocks shine through as the one ray of light, with the Nikkei 225 pushing through 34,000 for the first time […]

by Joshua Mahony
9 months ago

European markets fail to follow US tech-led gains

European indices have once again entered the fray on a downbeat tone, with yesterday’s tech-led rally failing to inspire confidence for the likes of the FTSE and DAX. The relative positivity seen on the other side of the Atlantic has been evident of late, with European markets typically losing ground in the morning, only to […]

by Joshua Mahony
9 months ago

8 Jan FX outlook – USD, EUR, GBP, CAD, AUD, NZD

US dollar (USD) The US dollar has found favour at the beginning of the year, with risk-assets losing traction that’s to growing concerns around the potential pace of monetary tightening this year. Losses in equity markets brought gains for havens such as the dollar, which found itself gaining ground against most currencies over the course […]

by Joshua Mahony
9 months ago

Rough start in Europe, as market uncertainty continues after mixed jobs report

Equity markets have continued to struggle as we kick off another week afresh, with European and Asian stocks heading lower once again. Friday’s US jobs report brought fresh concerns over the likeliness of the Fed to cut rate in March as markets have been widely anticipating, with a hot payrolls figure coming alongside a higher […]

by Joshua Mahony
9 months ago