US Open Preview – Euro loses ground but remains above $1.20; FOMC minutes awaited

Posted on January 3, 2018 at 12:09 pm GMT

Here are the latest developments in global markets: FOREX: The dollar posted some gains to climb further above a 3½-month low versus a basket of currencies hit on Tuesday. The euro eased versus the greenback despite the release of positive jobs data out of Germany, while pound/dollar lost some ground following the release of construction PMI figures that came in below analysts’ expectations; the pair previously crossed above the 1.36 handle to record its highest since late September. STOCKS: European [..]


Stock Market News (European Open) – Positive momentum in Asia moves over to Europe; Stoxx 600 at 2-year high; Facebook eyed

Posted on November 1, 2017 at 9:49 am GMT

Bullish sentiment was strong during today’s trading in Asia with major indices recording notable gains. In Japan, the Nikkei 225 and the broader Topix advanced by 1.9% and 1.2% respectively, closing at fresh multi-year highs. Hong Kong’s Hang Seng added 1.2% and the Shanghai Composite rose by 0.1%. Australia’s S&P/ASX 200 gained 0.5% and South Korea’s Kospi advanced by 1.3% to yet again finish the day at an all-time high. Sony Corporation, a Nikkei 225 and Topix constituent stock, surged [..]


Stock Market News (US Open) – Spanish equities outperform as tensions ease in Catalonia; main US indices open little changed

Posted on October 11, 2017 at 1:41 pm GMT

Most major European benchmarks were trading in the red as the US was opening for trading. At 1330 GMT, the Stoxx 600, which gives a broad picture of European equites, was 0.1% down while the blue-chip Euro Stoxx 50 traded higher by 0.05%. Catalan President Carles Puigdemont called for a dialogue between the Spanish government and Catalonia in relation to the latter’s bid for independence, adding that “at this moment a de-escalation of tensions is necessary”. In a way he [..]


Stock Market News (US Open) – FTSE declines steeply on sterling strength; Apple weighs on US benchmarks

Posted on September 14, 2017 at 2:15 pm GMT

The pan-European Stoxx 600, which gives a wider view of European equities, was trading up on the margin as European traders were getting near the market’s close. The FTSE 100 was a notable decliner, being dragged down by the stronger British currency. Sterling surged today after Bank of England policymakers, upon completion of their meeting on monetary policy, signaled that a rate hike might be delivered for the first time in more than ten years “in the coming months”. Indicatively, [..]


Stock Market News (European Open) – Equity rally takes a breather; miners remain under pressure

Posted on September 14, 2017 at 9:55 am GMT

The rally in stocks earlier in the week, effectively on Monday and Tuesday, was not sustained mid-week. The Nikkei 225 and the broader Japanese index, the Topix, both contracted by 0.3% after rising in the three preceding days. Hong Kong’s Hang Seng built on yesterday’s decline to finish the day lower by 0.4%. The Shanghai Composite was down by a similar proportion and Australia’s S&P/ASX 200 edged lower by 0.1%. Further dampening risk sentiment today were Chinese data on fixed [..]

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