Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
The Goldman Sachs story dominated all financial markets since the news broke on Friday afternoon
The Goldman Sachs story dominated all financial markets since the news broke on Friday afternoon. The ramifications for the currency markets meant that trader’s confidence was hit, which saw a move to currencies deemed ‘safer’. The Dollar Index is trading higher as people flee riskier, and lower yielding currencies. All eyes now turn to Citigroup’s numbers to see if they can calm markets nerves.
Market News
-
Timothy Geithner stated that the economy was growing faster than anticipated on NBC’s “Meet The Press” programme, citing a growing private sector, and spending going up
-
China’s SAFE (State Administration of Foreign Exchange) said that they may see FX inflows this year as expectations of a rising Yuan increases
-
Sterling traders may wish to note that Rightmove believe that house prices may fall later on in the year. Albeit they rose by 2.6% last month
-
The run up to the General Election became cloudier as polls gave the Liberal Democrats a larger share of the vote, making a decisive win for a single party less likely
-
The volcanic ash issue across Europe has delayed talks between the EU and the IMF with regards to the state of the Greek economy
-
In the equity markets, Citigroup are scheduled to release their earnings. Following on from the Goldman Sachs story, this could well influence confidence this afternoon.
Major Economic News
| TIME | MARKET | DATA |
| 1500 | US | LEADING INDICATORS |
Published on Mon, Apr 19 2010, 10:11 GMT