KBC Market Research Desk
KBC Bank
After volatile intraday trading, European shares trade little changed. In the US, equities opened flat, ignoring a disappointingly poor US payrolls report.
The Ukrainian government and representatives of the Russian‐backed rebels agreed today to a ceasefire, a rebel group set on Twitter, which was later on confirmed by Ukrainian President Poroshenko. The ceasefire will start at 15h GMT.
The August US non‐farm payrolls report disappointed, showing an increase in hiring by only 142 000, sharply below the consensus estimate of 230 000. The unemployment rate dropped lower to 6.1%, in line with expectations.
The Nato states started discussions to form a military coalition to fight Isis, the FT reports, adding that they are considering a broad range of options of which part will be direct military force.
Vacancies at British firms rose at the strongest pace in more than 16 years last month but the number of appointments slowed, figures from the Recruitment and Employment Confederation showed today, suggesting that firms are struggling to hire the right people.
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.
Recommended Content
Editors’ Picks
EUR/USD eases to near 1.0700 ahead of German inflation data
EUR/USD is paring gains to near 1.0700 in the European session on Monday. The pair stays supported by a softer US Dollar, courtesy of the USD/JPY sell-off and a risk-friendly market environment. Germany's inflation data is next in focus.
USD/JPY recovers after testing 154.50 on likely Japanese intervention
USD/JPY is recovering ground after sliding to 154.50 on what seemed like a Japanese FX intervention. The Yen tumbled in early trades amid news that Japan's PM lost 3 key seats in the by-election. Focus shifts to the US employment data and the Fed decision later this week.
Gold price holds steady above $2,335, bulls seem reluctant amid reduced Fed rate cut bets
Gold price (XAU/USD) attracts some buyers near the $2,320 area and turns positive for the third successive day on Monday, albeit the intraday uptick lacks bullish conviction.
Ripple CTO shares take on ETHgate controversy, XRP holders await SEC opposition brief filing
Ripple loses all gains from the past seven days, trading at $0.50 early on Monday. XRP holders have their eyes peeled for the Securities and Exchange Commission filing of opposition brief to Ripple’s motion to strike expert testimony.
Week ahead: FOMC and jobs data in sight
May kicks off with the Federal Open Market Committee meeting and will be one to watch, scheduled to make the airwaves on Wednesday. It’s pretty much a sealed deal for a no-change decision at this week’s meeting.