top of page
  • richard evans

Suntan lotion in October!

US equities had a strong day yesterday with most indices up over 1.5%, Asian markets followed suit overnight. Futures pricing suggests further gains for European markets this morning.

Fed officials stick with the usual theme as Harker says it will soon be time to start reducing asset purchases while Barkin said more data is needed before there can be any talk of rate rises. More Fed officials talking today but the story is likely to remain the same with tapering widely expected to begin in November.

GBP recovery continues with GBPUSD back above 1.3700 and EURGBP at 0.8465 (GBPEUR 1.1815). This strength against EUR comes despite EU officials warning of retaliatory measures against UK should UK suspend the trading arrangements for Northern Ireland. UK’s Frost is to meet EU counterpart Sefcovic today, some optimism that things could go well as UKs Times reports Ministers were pleased and surprised with how far EU had moved with their proposals. EURUSD at 1.1610.

In an effort to get the property market moving in China it is reported that Chinese regulators have told banks to approve more mortgages in Q4. While this may initially sound positive, it is perhaps a sign that Chinese authorities are more worried about the Evergrande crisis than some first thought.

What an incredible day yesterday. Middle of October and I was reaching for suntan lotion as I made my way around a rather charming West Hills Golf course. Its tricky, that’s for sure, but I was very pleased with the way I was hitting the ball, my overall score dented by the number of bunkers I managed to find, and believe me there were plenty of them. Amazingly, I pl;ayed with the same ball the whole way round, which is more than a little unusual for me.

My young footballers find themselves in another cup tie this weekend. This is the county cup and we have no idea on the level of the opposition. In the early rounds you could face a very weak team or a particularly strong team. The opposition manager this week has already suggested his team isn’t too strong, although I took a look at his results this season to date and they are unbeaten and seem to score for fun. A bit like us then! Hoping for a good match, I’ll report back on Monday.

- 10.00 EU trade balance

- 13.30 US retail sales

- 15.00 US Michigan sentiment survey

- 16.45 Feds Bullard speaks

- 17.20 Feds Williams speaks

- 20.30 CFTC position data

- Monday morning

- 03.00 China GDP, retail sales, industrial production

2 views0 comments

Recent Posts

See All

GBP higher as UK inflation falls less than hoped

Good morning Lets start with UK inflation which came out a little earlier this morning.  The good news is that it is sharply lower than it was last month and is the lowest level since December 2021. 

GBP holds gains ahead of tomorrow's inflation numbers

Good morning GBP has held recent gains against both USD and EUR, now trading at 1.2710 and 1.1705.  EURUSD is stuck around the 1.0870 area.  USDJPY broker higher, trading up from the 155.65 area to re


bottom of page