Mergers and acquisition space is getting a lot of attention this morning with a number of firms out with the major news. Today is all about mergers and acquisition and this what driving the sentiment. However, European markets are poised to open lower ahead of...
Investors across different asset classes are no longer waiting for clarity from the U.S. administration to base their decisions, at least in the short run.The significant rally in U.S. equities and the U.S. dollar last week occurred without any new fresh fiscal signals, in...
The Cable had a relatively torrid week as the pair reacted to the ongoing hawkish rhetoric from various US Federal Reserve members.This saw a sharp Dollar rally early in the week, and largely overshadowed solid gains in the UK Nationwide HPI and Manufacturing PMI...
The AUDUSD had a rather torrid week and the resulting rout back to the 0.7576 mark now leaves the pair’s future somewhat up in the air. Consequently, it may be worth taking stock of what happened and what is coming down the line in...
Risk aversion due to geopolitical concerns weighed on markets during Monday’s Asian session. The yen was stronger as investors moved into safe havens following news of a North Korean missile launch.The dollar slipped against the yen in Asian session trading to reach a low...
As expected, Federal Reserve Chairwoman Janet Yellen indicated that a March rate rise ‘would likely be appropriate’ if economic conditions were to hold.That was very much in line with other Fed officers’ opinions and led to an even higher expectation – near 94% -...
Cable extended losses to 1.2245. The UK’s services PMI came in slighlty softer than estimates. The disappointment accelerated the sell-off as the pair had already taken off 1.2260 support, the major 61.8% retracement on January 14 to February 1st recovery. Further depreciation to 1.2153...
European shares slipped in early trading on Friday following some poor company updates, with WPP falling after painting a cautious picture about its outlook and Berendsen plunging following disappointing results.The pan-European STOXX 600 was down 0.4 percent by 0822 GMT. However, the benchmark index is...
Sterling edged down to a six-week low on Thursday against a dollar, boosted by expectations of a March U.S. interest rate hike, while data painted a mixed picture of Britain's economy.A survey on Thursday showed Britain's construction industry growing slightly in February but new...
The dollar clung to broad gains on Friday as the risk of an imminent U.S. interest rate hike slugged sovereign bonds and commodities, even managing to sour Wall Street's party as the reality of rising borrowing costs began to sink in.Spread betters pointed to...