European stock markets are trading higher in the light of another record finish in the US markets. The disappointed Non Farm Payroll number released on Friday has increased the optimism among the investors that Fed will not turn the heat on tapering the QE during their next FOMC meeting in September. This non farm payroll data pushed the US bond yield which surged on Thursday after the GDP number.Read More
European stock markets are trading higher in the light of another record finish in the US markets yesterday. This record finish which was inspired by improving data has also pushed the Asian market’s ups with Nikkei surging more than 3% during the session. Investors around the globe have digested the fact that the US economic data which is constantly surprising the markets, is not making much effect on the Central Bank’s decision to turn the heat lower on their ultra loose monetary policies.
Asian markets closed higher today by recovering some of their losses which were made yesterday. However, the trading volume was very thin during the session as investors are hesitating to make any bigger bets ahead of the FOMC meeting, the ECB press conference which is due on Thursday and the Non-Farm payroll data which is due on Friday. It may be safe to say that the equity markets have become the slave of these events which could deliver an astonishing fireworkRead More
European stock markets are trading higher today despite a negative finish in Asia. Trading session in Asia was dragged in the deep red territory by the Nikkei index which dropped nearly -3.32% on the back of the bank of Japan’s governor’s speech who frustrated the markets by not announcing any major stimulus. The yen became stronger against the dollar during the session and is trading at a major level which could either break or make this rally.Read More
European stock markets are trading higher today by recovering some of their losses made yesterday. However, traders are cautious during the session ahead of the Federal Reserve’s meeting which is due next week. It is widely believed in the market that Ben Bernanke will maintain his well-written speech during which he will confirm that tapering is dependent on incoming economic data. The data released this week was mostly positive for the economy and was above the forecasted level. Moreover, a taper statement released from Jon Hilsenrath who is considered as an unofficial representative of Fed made headlines during the afternoon trading session in the US when he said Central Bank will maintain their asset purchase program during their next week’s meetingRead More
Asian markets closed lower yesterday by wiping off some of their gains which were made yesterday. The trading session took its momentum from the US markets which closed mix on the back of assorted earnings report despite a strong economic data. The New Homes Sales- economic data came in at 497K while the forecast was for 482, which was great news for home builders and for the economy.Read More