Daily Market Brief - Tumbit.com Blog Feed

Donating in March and April 2012. How did we do?

info@tumbit.com (Daily Market Brief ) — Fri, 11 May 2012 09:00:00 GMT

We celebrated Easter in the office with a fund raising Easter Egg Raffle, and we also held a sweep for the Grand National. Both of these along with the usual dress down Friday has meant we had a fantastic fund raising couple of months, raising... more

Euro fears return

info@tumbit.com (Daily Market Brief ) — Thu, 03 May 2012 09:00:00 GMT

Fears in Europe have escalated a notch amid growing concern on both economic data and political cohesion. This morning S&P have taken a negative rating action on 16 Spanish banks, in addition press reports out of Germany suggest that a... more

Sterling the star performer

info@tumbit.com (Daily Market Brief ) — Fri, 20 Apr 2012 09:00:00 GMT

Sterling has been the star performer this week, driven higher by lower than expected jobless claims, an uptick in inflation, better than forecast retail sales this morning and Bank of England minutes that showed the MPC voted 9-0 in favour of... more

GBP EUR at multi-year high

info@tumbit.com (Daily Market Brief ) — Wed, 18 Apr 2012 09:00:00 GMT

Markets were dealt a surprise yesterday as the Consumer Price Index (CPI) rose in the UK to 3.5% up from 3.4% in February according to the Office for National Statistics. The ONS blamed higher food prices specifically soft drinks, bread, cereal,... more

Rising Italian bonds

info@tumbit.com (Daily Market Brief ) — Fri, 13 Apr 2012 09:00:00 GMT

Italian borrowing costs soared yesterday following new concerns about their ability to reduce its high levels of debt. In the latest auction the Italian government paid an interest rate of 3.89% from 2.76% last month and this has been against... more

Euro consolidates

info@tumbit.com (Daily Market Brief ) — Thu, 12 Apr 2012 09:00:00 GMT

After a difficult start to the week which saw the euro wobble amid renewed fears over Spanish and Italian debt, the euro is showing tentative signs of building some gains after a week of selling pressure. The Euro is still heavily under the... more

Spotlight returns to Europe

info@tumbit.com (Daily Market Brief ) — Wed, 11 Apr 2012 09:00:00 GMT

The spotlight seems to be returning to Europe after a brief period of calm. The spread between the benchmark German 10 year bond and its Spanish and Italian counterpart’s widened on continued bearish data and rumours that GDP estimates across... more

House buyer interest rises

info@tumbit.com (Daily Market Brief ) — Tue, 10 Apr 2012 09:00:00 GMT

According to the Royal institution of Chartered Surveyors (Rics) the number of potential new buyers placing enquires moved up during the month of March. The survey revealed that compared with February 9% more surveyors reported an increase in... more

Market begins to wind down

info@tumbit.com (Daily Market Brief ) — Wed, 04 Apr 2012 09:00:00 GMT

The European Central Bank usually meets on the first Thursday of each month but the long weekend coming up means today is the day. Expectations are for the ECB to leave rates on hold and no change to the non-standard liquidity measures. The... more

Strong PMI data boosts the pound

info@tumbit.com (Daily Market Brief ) — Tue, 03 Apr 2012 09:30:00 GMT

Following last week revision lower of Q4 2011 UK GDP to -0.3%, the immediate focus centred upon whether this would signal a further deterioration in the UK economy and whether the UK would fall back into a recession. From the look of... more

Sentiment remains high

info@tumbit.com (Daily Market Brief ) — Mon, 02 Apr 2012 09:00:00 GMT

We start Easter week with risk sentiment very much on the front foot. Equity markets are a sea of green - for now and risk on currencies are up against the US Dollar. Sterling is trading towards the key levels of 1.60 and 1.20 versus the US... more

UK output falls

info@tumbit.com (Daily Market Brief ) — Thu, 29 Mar 2012 09:00:00 GMT

Official figures from the Office for National statistics indicated that the UK economy fell more quickly towards the end of last year than initially thought. GDP fell by 0.3% in Q4 last year as opposed to the 0.2% reported. This fall shows a... more

UK GDP weaker than expected

info@tumbit.com (Daily Market Brief ) — Wed, 28 Mar 2012 09:00:00 GMT

UK Q4 final GDP has come in at -0.3% which is lower than the expected -0.2% and is a disappointing number for the pound which has faded lower this morning against the Euro and the USD. The number is not a great surprise but more of a... more

Bernanke moves the markets

info@tumbit.com (Daily Market Brief ) — Tue, 27 Mar 2012 09:00:00 GMT

Yesterdays appealing comments by Fed Chairman Bernanke, in addition to better than expected results for German IFO business confidence last month, have boosted risk assets whilst weakening the Greenback against Sterling and the Euro. Markets... more

Euro weakens on new Greek rumours

info@tumbit.com (Daily Market Brief ) — Wed, 14 Mar 2012 09:00:00 GMT

The Euro suffered again overnight as reports in various papers talking up the possibility of Greece badly missing their deficit targets. The news has caused another shift out of the Euro as investors have looked for safer places to invest their... more

Markets looking for direction

info@tumbit.com (Daily Market Brief ) — Tue, 13 Mar 2012 09:00:00 GMT

Following an indifferent Asia trading session overnight where Japan kept interest rates at 0.1%, the market now awaits key data from the Europe and the US to drive sentiment for the rest of the week. The Greek debt swap deal has certainly added... more

Markets begin the week full of optimism

info@tumbit.com (Daily Market Brief ) — Mon, 12 Mar 2012 09:00:00 GMT

Another expectation beating employment report from the US on Friday has the markets in buoyant mood this morning. The headline number was 227K jobs created in February against a forecast of 210K, with strong upward revisions to both December... more

Deadline day for Greece

info@tumbit.com (Daily Market Brief ) — Thu, 08 Mar 2012 09:00:00 GMT

EU officials are desperately trying to convince private holders of Greek bonds to accept a crucial debt swap deal ahead of today’s deadline. In order for Greece to receive a second bailout it will need at least two thirds of bondholders to take... more

Uncertainty Over Greek Bond Swap Builds

info@tumbit.com (Daily Market Brief ) — Wed, 07 Mar 2012 09:00:00 GMT

Greek Politicians are applying increasing amounts of pressure to bond holders in a last ditch attempt to obtain the necessary 75 per cent to agree to the terms of the looming bond swap tomorrow.The Hellenic Republic is threatening to invoke... more

Negative euro sentiment returns

info@tumbit.com (Daily Market Brief ) — Fri, 02 Mar 2012 09:00:00 GMT

Sentiment remains the primary driver of the Euro, the single currency sold off sharply in afternoon trading yesterday after Eurozone members decided to delay more than half of the €130bn Greek bail-out funds. A decision that was supposed to put... more