Browse
related articles
Economics
This week in the US we expect the Fed to continue its moderate gradual monetary policy tighte-ning at its Tuesday meeting with a 25bp rise to 3.0%.
The ISM business indicators should have declined slightly in April. Non-farm payrolls probably recovered in April after a weak March. In Europe we expect the ECB to keep monetary policy unchanged in line with recent weak economic data.
General elections in the UK will take place on May 5. The Labour Party is slightly ahead in opinion polls from the Conservative opposition.
Foreign exchange
Euro/dollar: The Euro is making a triangle consolidation between resistance at 1.3350 and a long term support line at 1.2800.
Dollar/yen: the dollar tested its 2005 support line and fell through.
Fixed income
The recent quite weak economic data around the globe, except in China of course, is the final and real explanation of the latest moves in fixed income markets.
Equities
Mixed economic data prevented equity markets from rising, although quarterly earnings conti-nued to be quite strong. Nevertheless we think these good earnings results in combination with lower oil prices and low bond yields might finally enable equity markets to recover.
Internaxx
