On Friday, stock markets made no significant gains or losses, after news of flat corporate earnings and data showing slow growth in the 2nd quarter US economy. Expenditure on capital machines for companies slowed significantly, but increased consumer spending offset this, hence the weak splash on the back of these reports. The Fed could be close to an interest rate decision given this slow momentum. The dollar is rising again, reaching a one week high against peer currencies on the aspiration of the Fed to a more stable economy and an inflation target of 2% close to reality.
More of the Same for Commodities
Daily Analysis - 03/08/2015