US equity futures and Asian shares are flat this morning with European shares treading water ahead of the ECB's policy meeting in which it’s expected to announce a tapering to its €60bn in monthly QE. On this busiest day of Q3 earnings season, companies set to report earnings include Alphabet, Microsoft, Amazon and Intel, while we also get data on jobless claims and wholesale inventories.
Authored by Matthew Jamison via The Strategic Culture Foundation,
Over the course of the summer there was great fanfare and much to do from the British Secretary of State, Sir Michael Fallon MP, regarding the 'completion' of two new British aircraft carriers called HMS Queen Elizabeth and HMS Prince of Wales.
- Gold's value is due to exceptional rarity: Only 0.00000002% of earth's crust is gold- Gold's allure and psychology behind it are steeped in history and human psychology- Gold's colour and texture appeals to basic human survival instincts- Gold's sheen resembles water and "humans need water in order to survive" - Gold remains a sign of wealth but today is also a sign of prudence
Editor Mark O'Byrne
S&P futures are fractionally in the red while traders await President Trump’s pick for Fed chair and more clues on the fate of tax reform; Asian stocks slide, European shares are little changed ahead of tomorrow's ECB tapering announcement as US 10Y yields finally break out of their multi-month range below 2.40%...
European shares are modestly lower as investors monitor tense events in Spain and as focus turns to Thursday’s ECB meeting; US equity futures have rebounded from yesterday's sharp but shallow selloff and are in the green amid rising odds of U.S. tax reform and the imminent unveiling of the next Fed chair while Asian shares rise and Japan extends its winning streak to a record 16 days. The euro edged higher after data showed Europe’s economy is maintaining momentum, while the USDJPY managed to recover all of yesterday's sharp losses.