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In focus today From the US, both JOLTs labour turnover report for March as well as the Conference Board’s April consumer confidence survey are due for release. The job openings data from the former is a key labour demand indicator for the Fed. The still stable number of daily job postings suggests that the level […]

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10/03/2025

Sunset Market Commentary

Markets Odds this morning were for markets to take a slow start to the new trading week after last week’s sharp (divergent) repositioning on both sides of the Atlantic. Fed Chair Powell on Friday in a ‘last-minute’ assessment before the black-out period in the run-up to the March 19 Fed meeting, kept a wait-and-see-approach. Powell […]
22/08/2024

Sunset Market Commentary

Markets European data today managed to temporarily steal attention away from the US. August PMI figures showed EMU business activity rising at a faster pace, but there’s more than meets the eye. The composite PMI ticked up to 51.2 (3-month high) whereas consensus expected a stabilization at 50.1. The EMU manufacturing remains deeply mired in […]
04/09/2024

Sunset Market Commentary

Markets Equities continue to take center stage on markets. European stocks underperformed in a catch-up move with the US. The EuroStoxx50 loses another 1.2%. Wall Street was granted some relief after yesterday’s violent sell-off with stocks trading currently only marginally lower (Nasdaq -0.3%). Tuesday’s sell-off took place against the backdrop of lofty (tech) valuations & […]