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Weekly review: markets are like casinos this week

22 May 2015 Konstantin Meinhardt

It seems that market participants switch off their brain when it comes to raising interest rates by the Fed. The recently released U.S. economic showed almost no signs of sufficient recovery of the U.S. economy. A slight rise in U.S. core consumer price inflation was enough to support the U.S. dollar, although this week released U.S. economic data was mixed. It is possible that the movement was driven by profit-taking before the long weekend.

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Market focus

  • Germany: ZEW Indicator of Economic Sentiment rose sharply in March
  • UK unemployment rate unexpectedly dropped to 3.9%
  • UK Brexit secretary Barclay: now in a situation where we need an extension to Brexit
  • Switzerland's trade surplus rose in February

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