EMU Economic Indicators Preview (Week of 23 to 29 November 2009)
German ifo business climate (November): up EMU economic sentiment and industrial confidence (November): up PMI manufacturing index EMU (November): up German CPI inflation (November): yearly rate back in positive territory M3 growth (October): decelerating further The ifo business climate for Germany will probably have improved in November. The German ZEW economic sentiment has deteriorated, but the US ISM manufacturing index has risen. German yiel

This Week's Market Outlook
Highlights Currency markets to remain beholden to the risk trade Bullion's bull-run still intact Sterling takes a hammering, focus on 3Q GDP and public finances Key data and events to watch next week Currency markets to remain beholden to the risk trade The moves this week should convince anyone that had any doubt, that the correlation between equity markets and currencies remains alive and well. It was a rollercoaster, with EUR/USD oscillating between 1.4800 support and 1.5000 resistance for the better part of the week. The S&P 500 meanwhile continued to find interest on either side of the pivotal 1100 le

This Week's Market Outlook
Highlights Currency markets to remain beholden to the risk trade Bullion's bull-run still intact Sterling takes a hammering, focus on 3Q GDP and public finances Key data and events to watch next week Currency markets to remain beholden to the risk trade The moves this week should convince anyone that had any doubt, that the correlation between equity markets and currencies remains alive and well. It was a rollercoaster, with EUR/USD oscillating between 1.4800 support and 1.5000 resistance for the better part of the week. The S&P 500 meanwhile continued to find interest on either side of the pivotal 1100 level. It

Weekly Market Wrap
Trading began on a positive note this week, as indices pushed out to a fresh 13-month highs despite the slide in the November Empire Manufacturing data on Monday. Equity indices were flat mid week as October housing starts declined to their lowest level since April, and building permits came in to the downside and corporate news remained fairly light. On Wednesday the Baltic Dry Index rose to its highest levels since last September, another milestone of the Asian recovery. But things fell apart on Thursday as equity weakness in Asia on concerns of a growing asset bubble carried through into European and US trading, firmly knocking US equities off their highs. Light volume and the weekly job

Financial Markets Review : Dovish MPC Minutes Adds to the Pressure on UK Yields
Financial market review - foreign exchange The pound has recorded a split performance this week. It fell against the low yielding currencies (Japanese yen, US dollar, euro and Swiss franc) and rose against the commodity currencies (Canadian, Australian and New Zealand dollars) and the Swedish krona. GBP/USD closed the week at $1.6519, pulling back from the 3-month high ($1.6878) recorded on Monday, but remains firmly within its 5-month trading range of $1.57- $1.7050. GBP/USD rallied during the early part of the week, supported by the slightly stronger inflation report, which showed consumer price inflation picking up to 1.5% in October (this marks a medium term turning point