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  • 54m
    vanita vanita
    Dear Stephen,
    I can sell Dax at this level with some loss or yet I should wait as it now 11620.
    As my buy is at 11697.
    Noorullah Noorullah
    Dear Stephen I can sell Dax now at 11610.
  • Article / 3 hours ago

    From the Floor: Great rate expectations

    Deputy Editor /
    From the Floor: Great rate expectations
    How close is 'close'? That' s the question weighing on the minds of market participants worldwide this Wednesday after a wholly unexpected acknowledgement from the Federal Reserve that the first UN interest rate hike in nine years may be imminent.
    Read the article
  • Editor’s Picks / 3 hours ago

    Here comes the rebound, and just in time

    The Telegraph
    We were within a whisker of recession earlier this year, but it seems we've managed to skirt around the edges of that with data in the US, Europe and China all pointing towards a rebound, writes Ambrose Evans-Pritchard. While that might look an odd premise given the Armageddon-like slump in commodities, this is really only the tailend of China's hard landing, says Evans-Pritchard, compounded by the global oil glut. Markets have also over-reacted to data out of China, but a more measured approach to economic stimulus is evolving there which should stop China spiralling deeper into slump over the coming months. China's day of reckoning is coming, concludes Evans-Pritchard, but that moment "is still far away."
    Read article on The Telegraph
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  • Article / 4 hours ago

    FX Update: Fed’s Lockhart lights dollar's fire

    Head of FX Strategy / Saxo Bank
    FX Update: Fed’s Lockhart lights dollar's fire
    Hawkish comments pointing to a higher likelihood of a September rate hike from Federal Reserve Bank of Atlanta president and voting FOMC member Dennis Lockhart sparked a late rally in the greenback yesterday. EUR, CAD and CHF are bearing the brunt of the stronger USD.
    Read the article
  • Squawk / 5 hours ago
    Head of Macro Strategy / Saxo Bank
    Spanish house transactions increase, services PMI jumps:

    The Spanish housing market is in the midst of a recovery, which is bound to be protracted given the sheer amount of over-supply. Nevertheless, several indicators have turned around in the last 6-12 months, including house transactions, which climbed 17% y/y through June up from 6% in May. The series has posted positive y/y figures in 14 of the last 15 months (with August 2014 at -0.6% as the only negative print) since the current recovery began in March 2014.

    It is not only the housing market which is doing better. The services PMI by Markit rose to 59.7 in July from 56.1 a month earlier. This is a three-month high and well above analysts' prediction of 55.8. Particularly interesting considering the high unemployment rate is that the employment component reached a cyclical high.

    The composite PMI reached 58.3 in July vs. 55.9 expected and 55.8 prior. We continue to look for growth of at least 3% this year.
    Read the Squawk
    Mads Koefoed Mads Koefoed
    France: The final July PMI report is unchanged, meaning services PMI at 52 and composite PMI at 51.5.
    Mads Koefoed Mads Koefoed
    Germany: The final July PMI report revises services PMI up to 53.8 from 53.7. Composite PMI revised up to 53.7 from 53.4.
    Mads Koefoed Mads Koefoed
  • Article / 5 hours ago

    Morning Markets: Lockhart drops September bomb

    Managing editor, / Saxo Bank
    Morning Markets: Lockhart drops September bomb
    Federal Reserve board member and voter Dennis Lockhart put the cat among the pigeons overnight as he pushed the September rate-hike agenda back to the top of the page. Expect the dollar to take its cue and wreak revenge on the euro for last Friday's dramatic reversal.
    Read the article
    Martin O'Rourke Martin O'Rourke
    WTI is now back below $46/b. Brent crude is still steady at $50.30/b pushing the spread between the two benchmarks out to around $4.40/b at 1017 GMT....