Market Analysis

Markets pushed higher overnight until a surprise announcement began to circulate that Japanese Prime Minister Abe is planning to resign due to health reasons. ...Read More

The calendar for today contains US Preliminary GDP which is expected to come in at -32.5% against the previous -32.9%. US Unemployment Claims are expected to reach 1.0M from 1.1M last week. FED Chair Powell is to deliver a speech titled "Monetary Policy Framework Review" at the Jackson Hole Economic Policy Symposium, via satellite. ...Read More

On the calendar today, Credit Suisse Economic Expectations data is due to be released this morning. In the afternoon, US Durable Goods Orders are expected to fall to 4.6% from 7.3% previously which was revised up to 7.6%. Core Durable Goods Orders are expected to fall to 1.9% from 3.3% previously which was revised up to 3.6%. ...Read More