MARKET OBSERVER – N° 114

The decision at the end of September by the US Federal Reserve to raise the base rate a further quarter-point, although widely expected by the market, has however cleared the field from doubts about the prospects for the US, which during the year has resulted in a flattening of the yield curve for US dollar denominated bonds.

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MARKET OBSERVER – N° 113

The stock market’s summer that is drawing to a close, has confirmed only to a small extent the technical hypothesis that after the correction in the first half of the year we were in an accumulation phase on the primary international stock exchanges; as only the US indices were able to revisit their historical highs, while in all the other markets there were significant declines.

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MARKET OBSERVER – N° 112

The distribution phase, which has affected the main global stock market indices since the beginning of the year, seems to have been exhausted in mid-July, giving way to a modest recovery which, if it continues, could assume the characteristics of an accumulation phase, which would be a prelude to a better inflection for the markets in the fall.

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MARKET OBSERVER – N° 109

The second “flash crash” in less than two months, raises many questions about the short-term trend of international stock prices. If at the beginning of February the explanation was found in the negative contribution of computerized trading programs, this time the excuse for the massive sales is represented by the introduction of commercial tariffs by the Trump administration.

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MARKET OBSERVER – N° 108

The international stock markets, after a promising start that allowed for a very positive month in January, experienced a “flash crash” in February, which in a few sessions caused several indexes to lose around 10%. To date, many of them have recovered more than half of this loss, with the notable exception of the EuroStoxx 50 which is struggling more than expected.

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