Market Overview Analysis by Fawad Razaqzada covering: EUR/USD, GBP/USD, AUD/USD, Nasdaq 100. Read Fawad Razaqzada's latest article on Investing.com
It was “risk off” again first thing this morning as Europe’s leading indexes fell along with US index futures following Wednesday’s selling. Though the indexes bounced off their lows by mid-day London, it remained to be seen whether the markets will be able to regain their poise meaningfully. Recent recovery attempts have all been futile. This could be another one.
While signs indicate a peak in inflation and the likelihood of looser monetary policies in 2024, the duration of elevated inflation remains uncertain, casting doubt on the longevity of high interest rates. Consequently, investors appear happy to keep selling government bonds, driving their yields higher. Additionally, the recent Middle East crisis has further fuelled concerns, pressurizing risk assets.for 2023, edging ever closer to that critical 5.00% mark that everyone is watching.
Recent economic pointers from the US have been decent, and the ongoing absence of lay-offs in the jobless claims data continues to be a surprise element in the US data performance. Let’s see if jobless claims will start to rise as the economy slows down.Although the stock market attempted a recovery this morning, the absence of positive fundamental factors to significantly alter investors' risk appetite suggests the possibility of sustained market pressure. In Europe, the.
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