Philip Chua Business Blog

Posts Tagged ‘sentiment’

Large bounce in risk sentiment. US equities (S&P500) are currently 3.0% higher following a day of news conducive to risk seeking. The earlier solid outcomes for Australian GDP and Chinese manufacturing set the starting tone for the European and US sessions, partly explaining the modest effect the weak US (ADP)

The dollar rose against most of its rivals on Friday. US July retail sales increased in line with forecast; July inflation was tame; and August consumer sentiment rebounded from an 8-month low. The S&P 500 declined 4.36 to 1,079.25, pressured by disappointing sales reports from US retailers in July. The

Risk appetite fell on Friday, US data trumping continued decent company earnings. US equities began the decline during the European afternoon, and accelerated to -2.9% after a steep plunge in the US consumer sentiment survey to the lowest level in a year. Following the previous day's disappointments in the NY

There was little improvement in sentiment yesterday. Stocks drifted up early in the European session, despite a slightly larger uptake of the ECB's 6-day liquidity tender (€111bn). Once again, however, weaker US data turned things sour. US 10yr Treasuries briefl y fell below 2.90% before settling just above at 2.94%

A negative turn in sentiment was confi rmed during the US session, the S&P500 currently down 1.6%, led by the energy sector and homebuilders. US existing home sales fell against expectations, providing a convenient catalyst for those in need. More likely, technical factors may have been at play, the previous

Despite its rise for the first day in four on Friday, the dollar fell versus its counterparts except the yen for the week. An unexpected decline in US retail sales raised doubts about the US economic outlook. On the positive side, US consumer sentiment rose to the highest level since