Overall you have to call this a strong performance from HSBC but falling short of fairly lofty expectations means the stock has fallen about 4% in early trading. Higher costs, no fresh buyback and a miss on profits has investors turning a little cold...
The recovery of Asian equities paused on Tuesday, following a pullback in Europe yesterday and the likelihood of U.S. stocks opening in red when traders return to their desks after a long weekend. The Japanese Nikkei 225 led the losses, falling more than 1% with...
Here are the latest developments in global markets:FOREX: The dollar index traded 0.4% higher on Tuesday, drawing some support from an uptick in the yields of longer-dated US Treasuries. The index rebounded on Friday after touching a fresh 3-year low, and has continued recovering since.STOCKS: US markets remained...
Stock markets in Europe finished lower yesterday as traders viewed no new as bad news, and started to cash in their long positions and book the profits from last week’s gains.It was a quiet day in terms of news, and seeing as Chinese, American...
Asian equity markets continued to build on last week’s gains, after U.S. stocks capped their best week since 2013. Investor sentiment has gradually improved after fears of rising inflation sent most global indices into correction territory. The Cboe’s Volatility Index (VIX) ended Friday’s session...
Talking Points:Trading volume is going to remain low. The recent selloff was clearly an opportunity. The dollar index is still not showing any clear sign of robustness.European markets are picking up a bullish sign from Asian trading session although some of the countries...
A predictable wave of profit taking and risk reduction, as is standard form ahead of US long weekends, dominated Friday session leading to USD gains as US yields pulled back. And while the broader US dollar negativity continues to seep through capital markets, some...
Here are the latest developments in global markets:FOREX: Despite rising US Treasury yields, the dollar was under pressure against its major peers, with traders attributing the phenomenon to concerns surrounding a potential ballooning US debt and the expectations that other central banks could start raising...
The Nikkei 225 had a good a run overnight as a jump in imports and exports led the country to post its first trade deficit since May.Imports jumped by 7.9% and exports rose by 12.2%, and it was cited that a rise in fuel imports saw...
This week, the global markets stabilized following the panic that ensued following the release of inflation data from the United States. The US stock market has had five days of straight gains despite data showing that inflation was returning. The Dow, S&P,and the NASDAQ...