-Japan inflation reaches 4% for the first time since 1981
-Potential for BOJ to shift from loose monetary policy to tightening
- Potential changes in US interest rate policy as inflation trends lowers
- changes in central policy could add tail winds to the Yen
- Downward trend channel is holding as selling momentum builds
The S&P 500 finished lower by 30 bps, despite rising by more than 1% at the open yesterday. The market fell after the hotter-than-expected JOLTS data showed 10.7 million job openings versus a forecast for 9.7 million. The data also sent rates and the dollar higher. The Fed references the JOLTS data a lot, especially when it comes to the number of Job openings to...
Diageo has said it is starting the final phase of its share buyback, where it will hoover up to £640mln worth of its stock, last month the FTSE 100-listed alcoholic drinks group said it intends to raise its stake in East African Breweries to 65% from 50.03% but did not intend to make a takeover offer.
- Trading at 11.6 below fair value
- Earnings are forecast...
major resistance tested 3 times and held
weak buying pressure - failure to create new highs
candlesticks - indecisions candlesticks and dark cloud cover and long extended upper shadows
if prices can break below 145.000 - sell