Declines recorded in Asia at the open of the trading week despite a positive Friday close on Wall Street. Market participants prepare for another busy week of macro data and quarterly earnings. Monetary policies across the globe come under focus as Australia, the UK and Europe are expected to release interest rates and statements later this week.…Read More
US futures are trading lower and off from their record highs after the Federal reserve concluded their meeting yesterday. We said in our analysis yesterday, ‘that it is the tone of the meeting which will be the most important for the markets and investors have to be careful that they do not get caught on the wrong side of the trade this time as well’ and certainly this is what caught most investors off guard.
Despite there was no press conference, but the statement itself was less dovish as many thoughts which caused the sell off across the board and push the green back higher against all commodities and equity market.Read More
Caution is the name of the game ahead of Fed meeting; while US futures are trading towards their all time high
The unstoppable S&P500 index registered another record finish on Wall Street yesterday while closer to home the DAX index also echoed similar gains by breaking previous highs and pushing the index to all times high. An interesting thing to point out is, that the gains for the DAX index or in the European markets are despite the fact that the ECB member, Ewald Nowotny, has confirmed that there may not be possibility of any further rate cut by the ECB.Read More
Another positive record finish for the S&P 500 yesterday was recorded on Wall Street, but despite this, the US markets closed lower mostly with some mild losses, as investors started to gauge in the results of the two days Fed meeting which will conclude tomorrow. It is a common methodology amid traders that they will not take excessive risk when a gun is pointed to their head- The Federal Reserve meeting. Similar set mind is echoed this morning by investors during the European market session, which is driving the equity market lower.
Despite the fact that the DAX index has logged all time high and is up nearly 4.43% so far this month, but the index has faced an increase in the selling pressure soon it goes to 9000 level, which is now acting as a psychological level. One would ask if there is any room for a further upward move, given that we have already seen a strong performance of the index during this year. However, the German economy did face the reality check last week when the IFO number fell below the expectation level, and this raised some eyebrows that the recovery around the euro-phoria is still too green.Read More
Earning fails to push European Markets and US Futures higher; German IFO, UK GDP and Durable Good for US are in focus
Another positive finish on Wall Street which pushed all the major indices in the positive territory yesterday, and as this was mostly fuelled by the raft of good earnings reports have failed to filter through to the European markets, which are trading lower. The US futures are also trading lower this morning despite a positive earnings release during aftermarket hours from Microsoft and Amazon.Read More
Chinese manufacturing data pushed the European markets & US Futures higher: while major economic data is in focus
The European markets and US futures are trading higher this morning on the back of the optimism that Chinese economic growth is improving. The data released during the Asian training session showed that the Chinese HSBC manufacturing PMI for October came in at a much better level than expected and also it polished the seven month high. The final reading was 50.9 while the forecast was 50.5, which is pushing the global market higher.
Having said that, the European markets will have their challenges as the ECB is planning to undertake risk assessment on major Eurozone’s bank during the coming year. Although, these tests have been due for a long time, but the question which is imperative for us is the credibility of the ECB bank, given that the bank has already done two worthless stress test in the recent years.Read More