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Economy, Markets, Ratings, Statistics and Rates - January 13, 2014

Economy, Markets, Ratings, Statistics and Rates by Finyear, the Financial Year Journal.

Economy, Markets, Ratings, Statistics and Rates - January 13, 2014
09:30 AM

Good Morning!

European shares are trading little changed this morning managing to hold on to Friday’s gains.

Overall markets are fairly quiet this morning with traders still digesting Friday’s surprisingly weak US Non-Farm Payroll data.

While Friday’s figures have been way below expectations and rather disappointing, it seems to be unlikely that they will have a major effect on how the Fed will go forward concerning their ‘tapering plans’ in the months ahead.

There is not much in regard to economic data out today, instead traders are likely to continue to position themselves for the US earnings season which is expected to step up a gear from tomorrow onwards with JPMorgan and Wells Fargo reporting.

Due to a lack of news range-trading seems to be the most likely scenario for today with many traders staying on the side-lines for now.

Concerning individual sectors, banking stocks are still considered to have some catching up to do with the overall market having participated only very little in the year-end rally. Also mining stocks should benefit a bit from stronger gold and silver prices.

Thank you.

Kind regards

Markus Huber | Senior Sales-Trader/Senior Analyst
Peregrine & Black

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Lundi 13 Janvier 2014

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