January 2024 - Page 5 Of 6 - SCOPE MARKETS Blog

Week ahead: Inflation dominates, as US banks kick off Q4 earnings season

Monday Tokyo CPI Traders of the Japanese yen will be keeping a close eye out for Monday’s inflation survey, with markets looking for both headline and core readings to tick lower. This survey is particularly notable as the Tokyo survey typically acts as a leading indicator of where the wider nationwide figure might go. With […]

by Joshua Mahony
10 months ago

Eurozone inflation heads higher, but the path to 2% remains clear

European indices are back under pressure once again this morning, with a rebound in eurozone inflation adding further cause for concern. Coming off the back of yesterdays German and French CPI gains, the 2.9% eurozone inflation gauge may add some hesitation for those expecting a rapid return below target after last month’s 2.4% reading. Nonetheless, […]

by Joshua Mahony
10 months ago

US jobs report preview: Could a weak report help bolster easing expectations?

Friday brings the US employment market back into focus, as traders seek to weigh up the likeliness of a soft or hard landing. With a wide disparity between Fed and market expectations over rates in 2024, traders will be sensitive to any potential data or event that could narrow this gap in one way or […]

by Joshua Mahony
10 months ago

European stocks higher after mixed Fed minutes

European markets have kicked off the session on a positive footing, seemingly undeterred by yesterday’s mixed Fed minutes. This week has brought plenty of concern for bulls, with Apple leading the tech sector jitters that brought a sharp decline for the Nasdaq. Nonetheless, a raft of data points out of the eurozone have helped strengthen […]

by Joshua Mahony
10 months ago

European equities follow their US counterparts lower

European markets are following the bearish precedent set by US equities yesterday, with Apple having led a wider big tech sell-off. While we have seen the S&P 500 enjoy a 14% gain in the last two months of 2023 alone, that extended move points towards a strong possibility that we could see some profit taking […]

by Joshua Mahony
10 months ago

Eurozone CPI preview: Traders need to look beyond likely short-term inflation bump

This week sees eurozone inflation data come to the forefront, as traders gradually return to their desks in anticipation of an exciting year ahead for financial markets. The prospect of a disinflationary driven policy of monetary easing from some of the biggest central banks does help explain the optimism that has seen equity markets push […]

by Joshua Mahony
10 months ago