OVERNIGHT MARKETS ROUND UP – 10/01/2014

By
0 mins. to read

Asian stocks swung between gains and losses overnight following Chinese date which showed a rise in China’s imports to the most in five months, indicating that domestic demand will support economic growth. Inbound shipments advanced 8.3% from a year earlier.  

European futures are indicating a higher open, ahead of key US jobless data at 13:30. Expectations are for a creation of 197,000 jobs with the unemployment rate flat at 7%. A number of analysts remain bullish with Goldman Sachs upgrading the estimate to 200,000 whilst Deutsche Bank gives a confident 250,000. 

Gold was strong this morning, climbing ahead of US jobs data as investors weighed the outlook for physical demand against speculation the Federal Reserve may cut stimulus further.

On 30th July at 1pm we’ll be holding the next live Q&A webinar with the Master Investor himself, Jim Mellon. Please share a question for Jim below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

Are you interested in joining Jim's webinar?


Comments (0)

Comments are closed.