Asian markets closed higher on the final trading of the week. The economic data released in China showed that the country’s economic growth may be picking up once again. July’s consumer price data released today came in at 2.7% which was in line with the June’s reading but slightly weaker than expectations.Read More
European stock markets are trading sharply lower during the early hours of trading. Once gain tapers talk in the US has spooked the investors and this is despite the fact that the US economy is on a train which is delivering much brighter economic growth prospects and this has been supported by the economic data. You may think that the tapering talk was already priced into the markets, but traders are certainly not convinced by this idea. The US market had its worst day in several weeks on the back of the news from two Fed governors who confirmed that the Central Bank is close to their tapering asset purchase program.
European stock markets are trading lower during eh early hours of trading. Traders are questioning if the summer rally has lost its steam or either it is just another slight pull back before the indices starts moving up once again. The economic data can certainly help to answer that question which has been coming at a much…Read More
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