Giles Coghlan LLB, Lth, MA
Financial Source
Apple is an American multinational technology company headquartered in California, that designs, develops, and sells consumer electronics, computer software, and online services. Apple shares are entering a strong time of the year. From February 04 through to April 05 Apple shares have gained eleven times in the last fourteen years. Although Apple shares lost value during the initial fall in share values last year as COVID-19 took a grip of the markets the demand for technology was high during lockdown boasting sales. Apple could be a stock that sees it share price rise between now and April if the seasonals play out again.
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EUR/USD retreats from tops post-US PCE, back near 1.0540
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GBP/USD recedes to 1.2640 on US PCE data
GBP/USD remains positively oriented in the 1.2640 zone as the Greenback experiences a marked pullback following the PCE inflation release.
Gold remains sidelined near $2,640 following US inflation prints
Gold remains on the positive foot near $2,640 per troy ounce, as US inflation data matched initial estimates in October, while US yields display a negative performance across the curve.
The clock is ticking for France
A French political problem is turning into a problem for financial markets. The budget deficit in France is 6% of GDP, if the planned reforms are not enacted, then the deficit could rise to 7% of GDP next year. This is the level when bond vigilantes start to sniff around.
Eurozone PMI sounds the alarm about growth once more
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