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Markets News agency Reuters reported just before the start of European trading that Russian President Putin would be open to talks on a ceasefire deal in Ukraine with the US. He wants a carve-up of four regions in the south—east of Ukraine that Russia annexed in 2022, but doesn’t fully control. It caused a positive […]

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12/11/2024

Sunset Market Commentary

Markets The UK Office for National Statistics published September labour market data this morning. They continue to struggle with mixed results coming from estimates for payrolled employees and estimates based on the labour force survey. Payrolled employees fell by 9k over the period comparable with the LFS estimates (July-September) which showed a 220k increase in […]
25/04/2024

JPY Weakness Extends

In focus today In the US, today’s focus will be on Q1 flash GDP data, where consensus expects growth to moderate to 2.4% Q/Q AR (Q4 3.4%). Private consumption has remained on a gradually cooling, yet steady trend, while private manufacturing investments and public state and local investments are still supported by past stimulus measures. […]
08/08/2024

Gold Outlook: Bounces as Bulls Regain Traction After Recent Fall

Gold regained traction and bounced on Thursday, following a sharp fall in past few days. Fresh strength signals that the situation is stabilizing after a turbulent period and broader bulls are about to re-take control. The yellow metal benefited from growing signals that the Fed will start cutting interest rates as from September, with US […]