Daily Commentary 08/06/2016

EU GDP was marginally higher, coming in at 1.7% p.a., beating expectations. The growth rate in the economically challenged economy has been difficult, to say the least, while the disparity is obvious. The powerhouse of Germany has dragged the retarded Med states away from stagnation. Germany has gained from the EUR, stimulating exports, through a…

Daily Commentary 03/06/2016

Equity markets were static overnight, as pundits await the Non-Farm Payrolls and Employment numbers from the US, tonight. This has growing influence, as the Fed continues to talk interest rate rises, in the coming month or so. The US GDP number was totally underwhelming and the Feds, Beige Book, purported moderate economic growth. They also…

Daily Commentary 02/06/2016

Equity markets were flat overnight and US Manufacturing PMI posted small gains. Chinese Manufacturing and Non-Manufacturing PMI was also steady, with no major surprises, allowing global equities to settle. The EUR was trading just below 1.1200, ahead of tonight’s ECB rate decision, while the GBP slipped to 1.4400 as brexit polls tighten. The Feds Beige…