Brent oil prices stabilised during early Friday trading after Thursday’s wild oscillations, which ended up with a daily drop of more than 2.6%. Earlier in the week, investors had been anticipating the agreement amongst OPEC+ countries to reduce output in a dynamic that offered support to the price of the barrel. However, yesterday’s announcement of additional...
Gold prices hedged up during early Tuesday trading, revisiting the six-month high touched during the previous session. The precious metal is seeing an increase in demand, as expectations of an economic cooling down and that the Fed is done hiking rates drive gains in the bond market and dollar depreciation. With treasury yields falling, the opportunity cost of...
During early Friday trading, Brent oil prices found some support as investors continued to weigh the likelihood of additional production cuts from OPEC+ producers. The previous two sessions were marked by significant oscillations in the price of the barrel. There was an overall fall of almost 2%, as traders reacted to news of the postponement of a meeting of...
European benchmarks opened without clear direction on Thursday after mixed macro data failed to bolster market sentiment ahead of a long weekend in the US.
Lower transaction volumes and decreased market volatility traditionally occur during the long Thanksgiving weekend, when US investors stay away from their trading desks.
In addition, the recent batch of mixed...
Gold prices are hovering just below the $2,000 mark as European trading begins. The bullion price found strong support earlier in the week, as expectations that the Fed's rate hiking cycle had ended consolidated amongst investors. The resulting mood led to a two-and-a-half-month low for the greenback and saw treasury yields drop, in a dynamic that benefited the...
Stock markets traded slightly higher but remained in their consolidation zone on Wednesday, as risk appetite seems to take a break ahead of the last batch of economic data before Thanksgiving.
European benchmarks are trading sideways, with the STOXX-50 index still inside its 20-points wide trading range, after yesterday's release of the FOMC minutes, alongside the...
Equities continued to consolidate on Tuesday in Europe, following a mixed trading session in Asia, as risk appetite lost momentum.
Most benchmarks traded sideways from Frankfurt to Madrid this morning, with gains in the industrial and basic material sectors offset by losses in financial and energy shares.
Not only have markets become less directional since the...
The US dollar is on the back foot as European trading gets underway this Tuesday. The greenback has been under pressure following a string of disappointing economic data and last week’s inflation numbers that read below expectations. Against this background, investors have been turning away from the greenback ahead of the release, later in the day, of last month’s...
Shares markets opened mixed in Europe on Monday, holding gains ahead of further macro developments this week.
Market sentiment fluctuated this morning, as losses in Germany due to the sharp price action in Bayer, were offset by gains in Paris and Madrid.
Even if equities started the week without direction, risk appetite remains high from investors as the dovish...
The US dollar touched a two-and-a-half-month low during early Monday trading, reflecting the consensus amongst market participants that the Fed has reached the end of this hiking cycle. US economic data released over the last weeks showed a slowdown in activity, in a dynamic that culminated with a lower-than-expected inflation reading for October. Investors will...
European shares rose on Friday, despite Asian benchmarks closing in the red, as investors brace for Eurozone’s CPI figures.
The sell-off in Asian Equities due to the US-Sino trade war resurgence didn’t spread to European contracts on Friday, as investors continued to cheer on the prospect of a much more dovish monetary policy to come.
Indeed, cooling inflation,...
European markets fluctuated on Thursday as bullish sentiment took a break while holding recent gains.
The equity rally spurred by dovish bets following cooler-than-expected inflation reports has now widely spread. Following sharp price rises on most benchmarks and a weaker US dollar, many traders have taken out profit, leading to some consolidation or slight...
The US dollar is trading within a narrow range in relation to other major currencies as Thursday’s session gets underway. The greenback appears to have found support, as economic data released on Wednesday showed the resilience of the American economy, with retail sales figures for October exceeding expectations. Inflation is dropping faster than predicted but...
Stocks rallied in Europe on Wednesday, with a fresh boost to risk appetite as dovish bets resurge.
Market sentiment towards risky assets strengthened significantly after investors witnessed softer-than-expected inflation readings in the US yesterday and in the UK this morning.
These reports relieved stock investors, who now have more clarity on the likely path of...
The US dollar had its worst session in a year, with the index that measures its performance against a basket of other major currencies dropping more than 1.5% on Tuesday. The sudden greenback weakness was triggered by the release of US inflation data for October, which was softer than expected and resulted in an increase in bets that the Fed’s hiking cycle is now...
Stock benchmarks registered modest gains on Tuesday, extending the sentiment seen in Asia overnight, with investors bracing for today’s crucial US inflation data.
As previously said in our last report, market sentiment towards risky assets has lost a bit of its direction over the past few days after Federal Reserve officials expressed mixed hints about the future...
The US dollar is trading almost flat as the European session gets underway. Investors are in wait-and-see mode ahead of the release of American inflation data for October later today. In terms of the currency markets, this event will be critical in the economic calendar and will likely impact the direction of dollar trading in the coming weeks. Senior Fed...
Equities climbed slightly at the start of a new week in Europe despite a bullish trend losing direction ahead of this week’s CPI data.
Investors and analysts are bracing for crucial inflation prints from the US, EU and the UK this week, with the desperate need to clarify where monetary policies will likely go in these regions, especially after the mixed signals...
