Morning Update – 16/05/2017 – by Arjun Lakhanpal

May 16, 2017 by savi-admin Morning all.. Wall St closed higher yesterday as oil surged higher on OPEC production cut extensions and the S&P finished up 0.48%. Asia was a little more subdued but the Nikkei closed just shy of 20,000 up 0.23%.  FX markets were quiet with USDJY having a 60 pip range and finishing the Asian session on… View Article

European Close Market Briefing – 15/05/2017 – by Arjun Lakhanpal

May 15, 2017 by savi-admin In European Equity Markets stocks finished with modest gains Monday, scoring a fillip from commodity stocks as oil and metals prices rose. The Stoxx Europe 600 index ended up 0.1 percent at 395.97. The oil-and-gas, basic-materials and financial sectors fared the best, but health-care, consumer-related and telecom stocks struggled. In the oil group, producers Tullow Oil PLC and Statoil ASA  ended… View Article

European Open Market Briefing – 15/05/2017 – by A Lakhanpal

May 15, 2017 by savi-admin In Asian Equity Markets Japanese stocks edged down on Monday morning, pressured by a stronger yen, a widespread cyber attack, and North Korea’s missile test over the weekend. The Nikkei index fell 0.2 percent to 19,853.71 points in midmorning trade. The broader Topix fell 0.3 percent to 1,576.47 points, and the JPX-Nikkei Index 400 shed 0.2 percent… View Article

Morning Update – 15/05/2017 – by Arjun Lakhanpal

May 15, 2017 by savi-admin Morning all.. US stocks drifted lower but considering the weak US data on Friday the move was tiny. The S&P closed down just 0.15% but US yields and the dollar remained rather weak into the NY close. In Asia we have seen a very quiet session with the Nikkei down 0.13% and the FX markets… View Article

European Close Market Briefing – 12/05/2017 – by Arjun Lakhanpal

May 12, 2017 by savi-admin In European Equity Markets stocks pulled back on Thursday with Spanish blue chips suffering their biggest one-day loss in six months, weighed down by losses among banks, while Italian lender UniCredit shone after solid results. The DAX fell 0.3 percent, slightly outperforming broader regional indexes, while Spain’s IBEX lagged with a fall of 1.6 percent. The pan-European STOXX… View Article

European Open Market Briefing – 12/05/2017 – by Arjun Lakhanpal

May 12, 2017 by savi-admin In Asian Equity Markets Japanese stocks fell from near 1-1/2-year highs on Friday as the market took a breather from its rally since mid-April, while trading was also influenced by a mixed bag of earnings with Nissan Motor rising on a surprise dividend hike. The Nikkei index ticked down 0.7 percent to 19,823.28 as some investors… View Article

Morning Update – 12/05/2017 – by Arjun Lakhanpal

May 12, 2017 by savi-admin Morning all.. Wall St was off to a very weak open but calmed into the close to finish down just 0.22%. Asian stocks saw the Nikkei down nearly 0.5% in a quiet session that saw FX rates tuck in extremely tight ranges as we wait for some big US data later today. USDJPY couldn’t hold… View Article