Market Brief: Double Whammy for Aussie
|At 13:10 GMT, the GBP was the strongest while the AUD remained the weakest:
Safe-haven government bonds have resumed higher, pushing yields lower. This has helped to underpin low and noninterest-bearing assets such as the CHF, JPY and GOLD.
AUD has been hurt by the weaker-than-expected Aussie and Chinese data, released overnight. Details HERE.
Equity markets in the US seem to have stalled for the time being after repeatedly hitting new record highs: US index futures point to a lower open, tracking the losses seen in European markets so far today:
EUR little-changed despite news Germany managing to avoid a technical recession with an unexpected growth of 0.1% q/q. Here's today's most notable data beats and misses (circled):
In company news (by colleague Ken Odeluga):
Burberry shares surged 9% after meeting half-year sales estimates and beating profit forecasts. The stock later traded +4.8% higher. It sees "significant negative impact in Hong Kong."
Merk KGaA, Germany's drug and pharma giant, fell 1.5% despite raised full-year forecasts after beating core earnings estimates in Q3, helped by a takeover.
Eventim, another German stand-out, slumped 7% dragging Europe's media sector. The ticket and live entertainment group's CEO plans to sell a 4.4% stake.
Coming up: second-tier US data but plenty of FedSpeak:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.