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Outlook for the CAC 40, DAX 40 and FTSE 100 amid a hawkish Fed and ECB.

Full-year results were positive for the FTSE 100 company. Can a return to pre-pandemic capacity see the IAG share price soar?

Rolls-Royce, Scottish Mortgage, and Avacta could constitute three of the best UK shares to buy next month.

The US dollar index and the DXY started March in a holding pattern; the Fed Chair noted that recent economic data has been stronger than expected and attention turns to this week’s key US labour market indicators.

The BoJ is set to hold their monetary meeting across 9 – 10 March 2023, with expectations that the central bank may hold off from making further policy adjustments while awaiting the new leadership transition.

Comments from Fed Chair Jerome Powell triggered a risk-off session in Wall Street overnight, as his testimony was perceived to be a hawkish takeaway.

As widely expected, the Reserve Bank Board raised its official cash rate today by 25bp from 3.35% to 3.60%. However, it has again wrong-footed markets as it softened its (one-month-old) hawkish forward guidance.

US equity markets have started March on a firmer footing, supported by optimism that the Federal Reserve won’t raise interest rates past the levels already priced into markets.

Major US indices pared their initial gains towards the latter half of the session to largely end the day flat, as Treasury yields saw some holding up ahead of Fed Chair Jerome Powell’s testimony today.

The week is dominated by US employment reports in the shape of the monthly non-farm payroll (NFP) and automatic data processing (ADP) figures, and by rate decisions from the central banks of Australia, Canada and Japan. Only the first is expected to keep hiking rates, with the middle keeping them at their current high and the latter holding them once more. UK earnings cover a variety of sectors, but Greggs, Admiral and PageGroup might be key ones to monitor.

A bullish turn towards the end of last week allowed major US indices to defend their respective 200-day MAs, with the potential formation of a higher low keeping hopes of further upside alive.

What does the remainder of Q1 2023 have in store for US equity indices?

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 6th March 2023. These are projected dividends and likely to change. IG cannot be held responsible for any changes made.

As new CEO Tufan Erginbilgic takes the reins amid strong full-year results, could 2023 see a further share price recovery?

Major US indices continue to come under pressure overnight, as the release of the US ISM manufacturing PMI reading adds to the list of recent data pointing to a challenging ‘disinflation’ process.

Outlook on the ITV share price ahead of its upcoming full-year results.

We would love to hear from you, vote on the USD poll. Share any analysis with the Community and comment on this blog why you think USD will weaken or not this year 2023. 

Major US indices closed out the month in the red, trading in line with the weak seasonality pattern for the month of February.

The Australian economy is expecting the Q4 GDP to increase 2.7% over the year, representing a solid outcome and a fifth consecutive quarter of economic expansion for the Australian economy.

Wall Street staged a tentative rebound overnight after a mostly soft February but with one more day of trading to go, what can traders expect?

Major US indices started the week on a positive footing, as a retreat in the US dollar was tapped on for some slight relief.

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US durable goods orders, China purchasing managers index (PMI) figures and inflation data in France, Germany and the eurozone are the key economic figures to watch out for this week. On the corporate front, earnings from UK housebuilders, Ocado and Just Eat Takeaway.com will be the major names to monitor.

Another blowout reading in the US core PCE price index kept the pressure on the risk environment to end last week, as rate hike expectations saw another round of hawkish recalibration in its aftermath.

Despite UK consumer confidence rising to a 10-month high, the Gfk consumer confidence index shows that half of consumers are using savings to pay for everyday items and one in 10 are borrowing to survive.