Market Outlook :
This week we expect US durable goods orders to have picked up in February but a downward revision to March consumer sentiment.
German and Belgian business sentiment is expected to move sideways. The Madrid bombings may have had some downward impact on the surveys.
In Japan personal spending should have fallen back in February and deflation is likely to have persisted in March.
Focus on Equities :
After exploring new year-to-date lows at the beginning of last week, markets gradually recovered towards triple witching Friday. Geopolitical news, in the aftermath of the Madrid attacks, remained the key driver.
This week, apart from some key economic indicators, we expect that earnings reports from Goldman Sachs, Deutsche Telekom and Metro will presumably inspire markets.
Furthermore, pre-announcements, hopefully positive ones, will start to flood the markets in anticipation of the first quarter earnings season.
Foreign Exchanges :
The euro is trapped between resistance at 1.2460 and support at 1.2060. A further consolidation within this range may be expected.
The decline back below USD/YEN 108.00 suggests that this is more than just a correction and puts the odds in favour of a resumption of the downtrend.
Browse
related articles
Geopolitics remains key market driver
- Tuesday, March 23 - 2004 at 09:31
Last week geopolitical news in the aftermath of the Madrid bombings remained the key driver for markets.
Related stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Today's most read articles:
- » Ford 2011 Mustang to have new engine
- » Dubai World: Official statement on debt obligations
- » Moody's: Dubai World restructuring unlikely to threaten sovereign credit of UAE and Abu Dhabi
- » Dubai World to restructure $26bn Nakheel, Limitless debt
- » More than $147bn committed to development of the Middle East's road, rail and public transport infrastructure
InternaxxTuesday, March 23 - 2004 at 09:31 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Wed Mar 28 2007.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds