European Close Market Briefing – 16/06/2017 – by Arjun Lakhanpal

June 16, 2017 by savi-admin In European Equity Markets stocks finished higher on Friday, but shares of some supermarket chains were hit hard after Amazon.com Inc. unexpectedly said it’s scooping up Whole Foods Market Inc. in a nearly $14 billion deal. The Stoxx Europe 600 closed up 0.7 percent at 388.60 after two sessions of losses. Tesco PLC shares lost 4.9 percent in a volatile… View Article

European Open Market Briefing – 16/06/2017 – by Arjun Lakhanpal

June 16, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei share average rose to a one-week high on Friday as the yen fell, after an expected policy decision by the Bank of Japan provided relief to investors. The Nikkei rose 0.9 percent to as much as 20,015.16 in early afternoon trade, its highest since June 9 after the BOJ kept… View Article

Morning Update – 16/06/2017 – by Arjun Lakhanpal

June 16, 2017 by savi-admin Morning all.. Wall St closed slightly lower as the US yield curve steepened and fears over how quickly the Fed will reduce easing policies. The S&P down 0.22%. In Asia however, stocks rose with the Nikkei up 0.31% as the BoJ left policy unchanged and the Nikkei helped by a resurgent USDJPY which made a… View Article

European Close Market Briefing – 15/06/2017 – by Arjun Lakhanpal

June 15, 2017 by savi-admin In European Equity Markets stocks fell on Thursday as sagging oil prices hit basic resources stocks, while retailers fell after H&M missed expectations and UK data showed consumers are feeling the impact of rising inflation.  The pan-European STOXX 600 benchmark fell to its lowest since April 24 before paring some losses and ended down 0.4 percent. Euro… View Article

GBP/USD Update – 15/06/2017 (11:31am) – by Arjun Lakhanpal

June 15, 2017 by savi-admin GBP/USD Update – 15/06/2017 (11:31am): A volatile day for the GBP, but rebounds are being capped by 1.2820/40 resistance. While this level holds, and with the USD at risk of a stronger rebound in the short-term, we are still biased for a move lower. Next support below the 1.2636 election night reaction low is 1.2550,… View Article

European Opening Session – 15/06/2017 – by Arjun Lakhanpal

June 15, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index fell in choppy trade on Thursday, after weak U.S. inflation data overshadowed an interest hike by the Federal Reserve. By midmorning, the Nikkei was down 0.6 percent at 19,762.71, after briefly flirting with positive territory earlier. The broader Topix fell 0.5 percent to 1,583.42. MSCI’s broadest index of Asia-Pacific stocks outside Japan… View Article

Morning Update – 15/06/2017 – by Arjun Lakhanpal

June 15, 2017 by savi-admin Morning all.. Wall closed around unchanged in a choppy session after the Fed hiked as fully expected.. Equity investors not sure if they should sell due to weak data or buy as the data is poor enough to stall any further hikes!! Markets rather confused but one thing is clear, bond investors don’t see much… View Article