US employment data week
The opening week of 2022 looks as though it’s going to be a volatile one as there are some significant data events diarised. The twin factors concerning markets : COVID and inflation will continue to be a focus in 2022 and the resulting action from central banks over inflation remains controversial. Many would argue that […]
Is the Omicron variant the new threat to growth
Non farm payrolls showed US jobs growth slowing and unemployment hit a 21-month low with 594,000 people entering the job market indicating a tightening labour market. This implies the Fed’s tapering and rate rises next year remain on the cards. However, the drop in yields that followed Friday’s numbers shows the market is concerned with […]
COVID is back as a market driver
COVID and its variants are back in the news and having had a significant effect on markets but there may have been a larger reaction because of holiday thinned markets. Last week we mentioned growth stocks being hit if COVID came back and that is what happened again on Friday. It also took oil and […]
Rates – what else?
Opening of the week will be important with the Chinese rate decision due although while expectations of movement are low, they are not zero….. The USD continued to be supported most particularly against the EUR which, after new lockdowns in Europe and Lagarde suggesting again that inflation is temporary and there are no plans to […]
Still watching and listening to central bankers
Even though none of the central banks raised rates, the market was most surprised by the Bank of England who “failed” to raise rates and in turn the market quickly bailed its long GBP positions. Coming up this week we do have central bankers Powell, Lagarde and Bailey all speaking and although rates clearly won’t […]
Rate decision week
All about the central banks and their decisions this week. The ECB were cautious and in trying to follow a market calming line did the opposite when Mme Lagarde opined that inflation would last longer than anticipated hence the market bought EUR on the fear of rate rises. But the rally in EUR didn’t last […]
Powell tips the balance
Jerome Powell said on Friday that “its time to taper…not time to raise rates…” admitting inflation could last longer. The market had already been making that decision seeing inflation being less and less transitory. In fact the markets are now pricing the first rate hike by June 22 and 1.5 hikes by Sep 22. The […]
Eiger Awarded ISO/IEC 27001:2013 Certification
London Eiger Trading Advisors Limited (‘Eiger’), a leading financial technology company specialising in commodity Murabaha trade facilitation and execution services, are delighted to have been awarded ISO/IEC 27001:2013 certification, an internationally recognised standard that ensures their products and services meet the needs of customers through an effective quality management system. “We consider the trust of […]
A rising tide lifts all boats
The market has moved from inflation fears to a belief that stagflation is a more likely outcome. Stagflation is high inflation coupled with low economic growth and thus any glimmer of hope as in the recent drop in initial jobless claims will cause risk assets to appreciate. US PPI came in 0.3% less than expected […]
Weak payrolls unlikely to change FED thinking
The US starts with the Columbus Day holiday on Monday. The data sets are skewed towards consumer related inflation numbers which should give the various central banks more evidence of inflation risks and its general direction. But we cannot get away from the fact the recent Non-Farm payroll numbers were weak and the second one […]