Fundamentals | Sharp Trader

Oct242013

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.

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Oct232013

US Futures and European Markets are trading lower; BOE minutes and Euro’s strength in focus

Asian markets closed lower on Wednesday by erasing their gains which were made yesterday . Although there was a positive start for the equity market during the Asian trading session on the back of optimism that Fed will keep their asset purchase program little bit longer, perhaps till the end of the first quarter next year. But, the momentum changed its direction on the back of the chatter that the Chinese banks have almost tripled their bad debt write off during the first half of this year. This triggered the profit taking signal amid investors.

US futures are also trading lower during the early morning, as the bad news is a good news effect is fading away. The major point which could be taken away from yesterday’s report was that the

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Oct222013

US futures and European markets are cautious ahead of NFP data

Another positive finish on Wall Street last night has failed to push the European markets up this morning ahead of the most important economic data release, US Non Farm payroll number. As we stand, this report today is more likely to provide us only clues that what can be unfolding over the next coming few months. Provided that the NFP data for the month of August was on a weaker side, the expectations are very much same for this month which could keep the dollar on the softer side.

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Oct212013

US futures and European markets are up; while NFP data for the US and economic indicators for Europe are in focus

US Markets recorded another record high on Friday and the European markets also echoed similar sentiment after posting a third successive positive week. US stock futures and European markets are off from their high and are trading mix, but investors are optimistic about the economic growth and that the central bank would continue to support their investments.

A cautious mood is generally the idea among traders today, as we are set to unravel the batch of the delayed US economic data. The US non farm payroll data will kick start the economic engine tomorrow and if there was no government shut down, this economic data could have been the key factor in determining the tapering quiz for the Federal Reserve’s chairman, Ben Bernanke.

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Oct182013

US futures and European markets are up; Chinese GDP surprised investors

US futures and European markets are trading higher once again after a record close by the S&P on Wall Street last night. The Chinese economic data- which came out at a much better level than anticipated has also helped the trader’s appetite for riskier assets.

The Chinese GDP for the third-quarter came in at 7.8% which was well above from the previous quarter’s reading of 7.5% and thus, confirming that the growth in the country is on the right track. However, the retail sale number for the country did raise some eyebrows when it came in at 13.3%; on a softer side and below expectations of 13.5%- given that the country is trying to boost its domestic consumption.

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Oct172013

Political Saga comes to an end in the US; European markets trading lower

Asian markets closed mostly higher by erasing some of their losses which were made yesterday. It certainly seems that the politicians have got hold of common sense and thought that for once they should make a use of this and put an end to this government shutdown and raise the debt ceiling. However, if they have made use of all the brain cells that they have, perhaps not, because the entire circus would return to the capital as government shutdown compromise has kicked the can till 15^th of January and the debt ceiling until 7^th of February.

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