Stocks NYSE
“Risk-on” was the name of the game during Monday’s trading session with World stocks marching into uncharted territories as tensions eased on the Korean peninsula. Most Asian Indexes received further support from the easing geopolitical tensions during early trading on Tuesday and European equities are likely to benefit from the...
Europe
Talking Points Rift in hard and soft economic data Sterling Bullish Due to Three Main Reasons ECB Ready Rift in hard and soft economic data Retail sales below forecast and downward revision Industrial production underwhelming Empire state and Michigan guiding you towards a ditch The rift continues between the soft data...
US Stocks
European stock markets had another decent day yesterday making new six week highs, while the FTSE100 got a welcome respite after the pound slipped back from its recent new post Brexit peaks against the US dollar. US stock markets also continued where they left off on Friday posting new record...
Oil Commodity
U.S. crude oil prices rose above $50 per barrel on Monday and were near last week’s multi-month highs as the number of U.S. rigs drilling for new production fell and refineries continued to restart after getting knocked out by Hurricane Harvey. U.S. West Texas Intermediate (WTI) crude futures were trading...
Great British Pound Currency
The British pound soared to a new 2017 trading high, after the Bank of England (BOE) minutes commented that higher inflation and a pick-up in UK growth could lead to a rate hike in “the coming months”. The Bank of England also said “some withdrawal of monetary stimulus is...
Federal Reserve FOMC Stocks
Sterling surged above $1.36 last week, reminding investors that central banks remain the strongest drivers of currency markets. GBPUSD has risen 3% in two days, to trade at a 15-month high after the Bank of England signaled to lift rates from record lows. Investors had to adjust their positions...
Federal Reserve
Will the Federal Reserve start to reduce its balance sheet or will it opt to wait a little longer? FOMC meeting Hold on to your hats: the time has arrived for the Federal Reserve to start unwinding its gigantic balance sheet. At least that is what the market is expecting from...
Japanese Yen
On Monday, safe-haven currencies were trading lower as UN leaders were preparing to kick off a meeting on Tuesday to discuss possible solutions on North Korea’s nuclear programs, with the US seeking a peaceful resolution. The dollar was hovering sideways ahead of the FOMC meeting. With the economic calendar lacking significant releases during the Asian session,...
Janet Yellen - Federal Reserve
The health of the global economy appears to be starting to give mixed signals if last week’s price action is anything to go by, with crude oil prices rising sharply in anticipation of a rise in global demand with Brent prices hitting a five month high. Copper prices on the...
London Stock Exchange FTSE
Equity traders kicked off the week on a positive note. Hang Seng index gained 1.24% and Australian ASX 200 advanced by 0.45% on Monday. The FTSE 100 opened upbeat after having lost 2.75% over the two previous sessions due to the sharp appreciation in the pound. Minor upside correction is underway....