European Open Market Briefing – 25/05/2017 – by Arjun Lakhanpal

May 25, 2017 by savi-admin In Asian Equity Markets Japanese stocks edged up on Thursday as investors bought futures after the yen weakened in Asian trade, while a rise in index-heavyweights such as SoftBank supported sentiment. In midmorning trade, the Nikkei index edged up 0.5 percent to 19,849.10.  MSCI’s broadest index of Asia-Pacific stocks outside Japan advanced 0.7 percent, hitting its highest… View Article

Morning Update – 25/05/2017 – by Arjun Lakhanpal

May 25, 2017 by savi-admin Morning all.. Wall St closed at another record high yesterday with the S&P up 0.25% closing above 2400. This and a rise in oil boosted Asian confidence and stocks with the Nikkei closing up 0.47% and the Hang Seng up almost 1%. FX markets trapped in tight ranges again and the USD a little lower… View Article

European Close Market Briefing – 24/05/2017 – by Arjun Lakhanpal

May 24, 2017 by savi-admin In European Equity Markets stocks struggled to gain momentum on Wednesday, with strength in banks and big oil majors offset by weakness in miners and autos. The pan-European STOXX 600 index ended up 0.1 percent. Among the national markets, Britain’s FTSE 100 rose 0.4 percent, while Germany’s DAX fell 0.1 percent, weighed down by stocks including Hugo Boss and… View Article

USD/CAD Update – 24/05/2017 (11:08am) – by Arjun Lakhanpal

May 24, 2017 by savi-admin USD/CAD Update – 24/05/2017 (11:08am): USDCAD traded a low 1.3457 lead by a bid tone in risk and oil which remains supported ahead of OPEC later this week.  We then bounced from support as the overwhelming USD bid tone took hold although this felt more like a squeeze on some short USD positioning rather than the… View Article

European Open Market Briefing – 24/05/2017 – by Arjun Lakhanpal

May 24, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose on Wednesday morning helped by exporters after the dollar gained against the yen, while financials gained ground thanks to a rise in U.S. Treasury yields. The Nikkei rose 0.4 percent to 19,698.31 in midmorning trade. The broader Topix added 0.4 percent to 1,571.80 and the JPX-Nikkei Index 400 advanced… View Article

Morning Update – 24/05/2017 – by Arjun Lakhanpal

May 24, 2017 by savi-admin Morning all.. Wall St closed higher as Mnuchin made comforting noises about getting tax reform done this year and the S&P closed up 0.18% in a quiet session in NY. It was quiet in Asia too and the Nikkei caught up some lost ground from the previous day, closing up 0.59% but China stocks were… View Article