Market Update


Good afternoon

ECB wants to keep rates unchanged until at least mid-2019 - that´s the dovish message from Mr.Draghi today! European stocks are up, bonds are strong, the Euro is weak....

Retail Sales in the US very strong today - but in China, Industrial Production, Retail Sales and Fixed Asset Investment were all up strongly, but quite a way below expectations!

Metal markets don´t like these numbers - everything is down today in London....and the very strong US$ is not helping as well today! BUT: despite this ultra-strong US$, gold is trading at 1305 ....

I fear I have nothing else to report today!