REPOST: Global stock market party settles down for central bank reflection

Markets are back in positive territory but predictions for global financial performance (particularly in Europe) in the years to come are still mixed. This Reuters article has more insights:

FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain 
August 15, 2017. REUTERS/Neil Hall


Global stocks came off record highs and the euro held near a seven-week low on Thursday as investors prepared to parse minutes from the European Central Bank’s last meeting for clues to its exit from ultra-easy monetary policy.

 Political tensions emanating from Spain, where one of its richest regions Catalonia has pledged to declare ‘independence in days’, was also at the forefront of concerns for European markets.

 Spain's government bond yields rose to their highest level since March while Madrid's stock market .IBEX headed for its biggest weekly loss of the year.

 Euro zone stocks .STOXXE steadied from a wobble on Wednesday, but with public holidays across Asia and some key data due from the world’s largest economy the U.S. coming up later this week, an index of global stocks flat lined .MIWD00000PUS.

 A Reuters poll showed global stocks will rise even more over the coming year as optimism about the global economy grows, but a slim majority of equity strategists polled by Reuters also said the current eight-year bull run will end in 2018.

 There were some eye-catching moves in currency markets as economic concerns at one stage knocked half a percent off the Australian dollar AUD= and the South African ZAR= rand, and investors mulled whether they had become too bullish on the European single currency EUR=.

 The amount of cash hedge funds are staking on a rising euro is the biggest in more than five years, the latest positioning data from the Commodity Futures Trading Commission showed.

 Read more HERE.

 "The opinions expressed in this re-posted article are not necessarily the views of LOM, but are presented to provide a broad spectrum on financial matters."

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