Asian stock markets closed mostly mixed on Wednesday morning on the back of the negative lead from Wall Street, where equity markets closed mostly lower due to a stronger reading of the US services industrial data. Investors are less optimistic that feds will keep the taps running of cheap money and they could start the…Read More
Asian stock markets closed lower on the first trading day of the week and the gains which we saw on the back of the positive economic news out of China were short lived. The non manufacturing purchasing manager’s index increased to 56.3 during the month of October and this was the highest level recorded in…Read More
There has been an increasing demand for Gold consumption due to an increasing supply and domestic demand for the popular commodity this year. China is one of the biggest producers of Gold with production levels reaching almost 425 tonnes, and importing over 1100 tonnes this year. Gold prices could be facing a weak future in…Read More
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