Each day we produce a market commentary outlining critical economic and company developments. We leverage off our global network of analysts and investment professionals to provide clients with critical insights from our local teams first thing in the morning.
21/09/2018 – Market view: US Record highs, Ryanair, Brexit, Applegreen
US markets have continued to push forward with the S&P 500 and the Dow reaching all time highs yesterday evening. European markets have opened up strongly this morning buoyed by the possibility of reduced tariffs on exports to China. Sterling has held up relatively well (EUR/USD 0.89) despite the EU criticising May’s Brexit plan and the failure regarding the back stop agreement. Dollar weakness has continued with EUR/USD now trading at 1.178. The US 10-year yield remains close to four month highs at 3.07%. Prior to OPEC meeting this weekend oil continues to post gains.