Rate rises for USA / UK but by how much?
As can be seen the economic data is second rate and rare this week, however the week will not be without its opportunity for action since the USA, British and Japanese all have rate decisions to make. Bar, controversially, the LME the UK will be pretty much closed for Queen Elizabeth’s state funeral on Monday […]
Eiger wins Best Shari’a Compliant Commodity Broker 2022
Djibouti The Global Islamic Finance Awards (GIFA) has honoured Eiger Trading Advisors Limited with the award for ‘Best Shari’a Compliant Commodity Broker 2022’.
Eiger sponsors IFN UK Forum
London Eiger Trading Advisors Limited (‘Eiger’), a leading financial technology company specialising in commodity Murabaha trade facilitation and execution services, were delighted to sponsor and attend the Islamic Finance News (IFN) UK Forum at The Mansion House in London on Monday 5th September 2022. It was a fantastic opportunity to meet with other industry experts […]
Higher rates to come
Jackson Hole symposium didn’t disappoint or rather it caused the expected volatility when Powell commented that “recent data has been mixed….the US economy continues to show underlying momentum”. He added “decision at the September meeting will depend on the totality of the incoming data and the evolving outlook,” but the crux of the commentary was […]
Jackson Hole the focus
Top grade data this week out of the USA with GDP and durable goods to the fore but its the annual Jackson Hole symposium that will dominate. We have Powell’s speech at the end of the week to look forward to and perhaps provide more clues as to Fed direction. The market is getting back […]
Summer Doldrums
Both USA CPI and PPI reports showed that inflation fell by more than expected and that then had an impact on markets with a muting of rate rise expectation driving stocks higher and the US$ ending a little weaker, with some commentators tentatively suggesting we have seen peak inflation. One thing is for sure that […]
One eye on Taiwan, one on inflation data
Data light week but with the current obsession with inflation the Chinese and Americans figures will make it an important one. The USA core inflation is expected to show a decrease as energy prices have moderated but if it doesn’t then the nascent rally in stocks could be snuffed out. The rally has been driven […]
Enough for now?
So the FED raised rates by 0.75bps but what does appear to have changed is that they are watching data for their next reaction and have reduced the “policy” of forward guidance. The view of a further rise in September, by 0.5%, persists but the pullback in the oil price and other commodities have given […]
Summer doldrums but with a rate rise
All eyes on the FED this week and they will provide market direction for the rest of Northern Hemisphere summer. The likelihood of a full point rise from the Americans has backed off and expectations are for 0.75bps, indeed the bond market is now looking at two more rises for 2023 which is less than […]
More lockdown, more rate rises
In addition to the presented data releases we do have PMI’s for Europe, UK and USA which will provide clues as to how economic growth is dealing with the current pessimism. Better than expected numbers will indicate resilience in the economies and thus fears of recession will abate. Prospects for a full 1 percentage point […]