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Pound dips as US Retail Sales sizzle - MarketPulse

Pound dips as US Retail Sales sizzle February 17, 2021SharePrint The British pound is trading in negative territory in Wednesday trade. Currently, GDP/USD is trading at 1.3846, down 0.41% on the day. UK inflation rises Inflation levels have been moving higher on both sides of the pond, as consumer spending is expected to soar once Covid-19 health restrictions are removed. Investors are attuned to this, and the creeping increases in US Treasury bonds, particularly the 10-year yields, signals that the markets expect inflation to continue to rise. After gains in inflation in the US, Germany and the eurozone, it was the turn of the UK on Tuesday. Headline inflation in January edged up to 0.7%, up from 0.6% beforehand. Core CPI remained unchanged at 1.4%. With the vaccine rollout continuing to gather steam, there is optimism that the UK economy will open up in the near future.

Asian equity markets gain ground - MarketPulse

Asian equity markets gain ground February 16, 2021SharePrint Asian equities are off to a strong start Yesterday’s close by the Nikkei 225 above 30,000, last seen in 1990, appears to be spurring more buyers into the markets this morning, helped along by Bank of Japan Governor Kuroda. Mr Kuroda stated today, that the BoJ wouldn’t seek to exit or stop its buying of ETF’s, which form part of its ongoing quantitative easing programme. That has lifted the Nikkei 225 by an impressive 1.40% today. US index futures have crept higher by around 0.15% with most of Asia in the green, although showing less exuberance than Japan. The Kospi has risen by 0.20%, and with Hong Kong returning from holiday, the Hang Seng has played catch-up, powering 1.70% higher today. Singapore has drifted 0.30% higher, with Kuala Lumpur edging 0.15% higher and Jakarta has climbed 0.80% as expectations of a Friday rate cute rise. Bumper results from BHP have lifted Australian markets, along with dovish RBA mi

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