Saturday, August 30 - 2008

Focus on US rate hike

Main focus this week will be on the sentiment surveys from ISM, Ifo and alike. We expect the Federal Reserve to announce a rate hike of 25 basis points at their meeting on Thursday with no indication of a pause in the tightening.

luxembourg: Tuesday, June 28 - 2005 at 15:01
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Market Outlook

The minutes of the BoE meeting were published last week showed quite surprisingly that two of the nine members were in favour of a 25bp rate cut.

The Swedish central bank cut its target interest rate by 0.5% to a record 1.5% and decreased its economic growth forecast. Main focus this week will be on the sentiment surveys (ISM, Ifo etc.).

We expect the Fed to announce a rate hike of 25 basis points at their meeting on Thursday with no indication of a pause in the tightening.

Focus on Equities

Investors' summer rest was disturbed by oil prices flirting with $60 per barrel. Fortunately the further fall of bond yields guarded stock markets from a drama.

Foreign Exchange

The euro/dollar rate is down to test 1.2000. Provided that support at 107.60 holds, the outlook for the dollar/yen rate would be a further rise to 110.75.



Internaxx Internaxx
Tuesday, June 28 - 2005 at 15:01 UAE local time (GMT+4)

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This Article was updated on Saturday, May 26 - 2007
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