Stocks extended losses for a third day in Europe on Thursday amid rising uncertainty ahead of key macro data.
Risk appetite continued to fall after the downgrade of the US credit rating combined with the latest batch of mixed earnings reports sparked economic worries. Investors have seized the opportunity to limit their exposure to stocks while waiting for more...
EUROPEAN STOCKS
Equities opened lower in Europe on Tuesday, extending losses registered overnight in Asia, as fear and uncertainty grow in investors’ minds. Bearish sentiment is prevailing on stocks with Treasury yields taking off as risk appetite continues to plummet amid the lack of a US debt ceiling deal, despite another full day of discussions...
FX
The US dollar is rising against the other major currencies as the European session gets underway. The greenback is experiencing greater demand as a drop in global risk appetite increases flows into perceived safe-havens. A lack of agreement between Democrats and Republicans on raising the debt ceiling is increasing anxiety levels amongst investors, who are...
EUROPEAN SHARES
European shares continued to climb, alongside US futures, as risk appetite grew at the start of the final trading session of the week. Investors continue to respond positively to the optimistic discussions surrounding the debt-ceiling issue in Washington, which have bolstered market sentiment towards equities, despite lingering uncertainties...
FOREX
The US dollar is on the front foot during early Wednesday trading, gaining ground on other major currencies. The greenback is finding support as lawmakers in Washington seem unable to reach an agreement over the lifting of the debt ceiling. The standoff between Democrats and Republicans is likely to continue and, if unresolved, could have serious...
FOREX
It is Bank of England day, and the pound is losing ground to the euro and the dollar, ahead of the latest rate decision announcement. Throughout this hiking cycle, the BoE has tightened monetary policies using a dovish tone, citing recessionary risks and global head winds. This pattern has consistently led to a decline in sterling following the...
FOREX
The US dollar was trading flat as the European trading session got underway. Investors are sitting tight for the moment, awaiting the release of US inflation data later in the day. Last week, the Federal Reserve hiked rates for the tenth consecutive time, a move that was seen by many as the last chapter of the current tightening cycle. Against this...
EUROPEAN SHARES
European equities climbed on Thursday, paring some of yesterday’s losses, as market sentiment strengthens following the Federal Reserve’s rates decision and prior to the ECB announcement.
Jerome Powell provided investors with what they were waiting for, lifting borrowing rates by 25 basis point higher to the 5.00%-5.25% target range, the highest...
FOREX
The US dollar is on the back foot as the European session gets underway. The greenback retreated in relation to other major currencies, following the Federal Reserve’s decision on Wednesday, to hike interest rates by 25 basis points. The increase in borrowing costs had long been priced into the value of the dollar, however some doubts persisted over what...
GOLD
Gold prices are trading almost flat as the European session gets underway. The price of the precious metal is caught between two opposing forces. On one hand, there is support arising from growing anxiety over the US regional banking crisis, which caused a drop in risk appetite and fuelled demand for haven assets. On the other hand, this upside has been...
GOLD
After the losses of the previous two sessions gold prices are trading flat during early Friday. The non-yielding precious metal looks set to end the week below the HKEX:2 ,000 mark, as the US dollar and treasury yields recovered the front foot. US treasury yields rose and the US dollar followed suit, following the release of much higher than expected...
EUROPEAN SHARES
European benchmark indices opened slightly higher on Thursday, halting their recent bearish correction, as positive corporate earnings reports boosted market sentiment.
Investor appetite for risk grew following a batch of encouraging reports from companies in different region and from different sectors, including Deutsche Bank AG,...
FOREX
The dollar weakened further during early Thursday trading. The markets are reacting to the return of concerns over the stability of the US banking sector, as well as signs of slowing down in the wider economy. A growing number of investors believe the Federal Reserve will be forced to cut rates before the end of the year, in order to avoid a sharper...
OIL
Brent oil prices fell during early Monday trading, as expectations of lower economic growth impacted the outlook for global oil demand. With most central banks still battling to control inflation and set for further interest rate hikes, a growing number of traders and investors are assuming a scenario of lower-than-previously-expected oil demand. Unless there...
FOREX
The US dollar rose during early Friday trading and looks set to close the week with gains for the first time in over a month. The release of earnings figures for large US banks surprised to the upside, easing fears over the stability of the banking sector. Markets have been apprehensive since the collapse of SVB, which many saw as having its root cause in...
FOREX
The US dollar is trading mainly flat in relation to other major currencies as the European session gets underway. A senior Federal Reserve official speaking on Wednesday alluded to ongoing concerns over inflation and the central bank’s commitment to bring it under control. These comments were seen as hawkish and came at a time when worries over the US...
OIL
Brent oil prices were almost 6% higher when the market opened this Monday, comparative to the close of Friday, with subsequent gains taking the cost of the barrel to the highest level in almost a month. With a move that caught the markets off guard, OPEC+ countries announced the intention to cut production by more than one million barrels per day. With the...
EUROPEAN SHARES
Equity markets traded sideways on Monday, hovering around their annual highs, as investors digest the surprising decision from OPEC+ countries, at the beginning of a new quarter.
Most benchmarks slid shortly after the opening bell following an unexpected oil output cut announcement from OPEC countries, which sent black gold 5% higher. While...
