European Open Market Briefing – 29/06/2017 – by Arjun Lakhanpal

June 29, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose on Thursday morning to hover near two-year highs after Wall Street rebounded, with tech shares, like Advantest Corp and Shin-Etsu Chemical, outperforming the overall market. The Nikkei gained 0.5 percent to 20,238.75 in midmorning trade, moving closer to 20,318.11 hit last week, the highest level since August 2015…. View Article

Morning Update – 29/06/2017 – by Arjun Lakhanpal

June 29, 2017 by savi-admin Morning all.. Wall St recovered all the losses of the session yesterday with the S&P up 0.88% and NASDAQ up 1.43% even as US yields rallied and the US curve steepened. Asia saw similar gains with the Nikkei up 0.4% and HK up 0.86%, as investors bet the global economy can withstand tighter financial conditions… View Article

European Close Market Briefing – 28/06/2017 – by Arjun Lakhanpal

June 29, 2017 by savi-admin In European Equity Markets stocks  ended flat on Wednesday as a third day of gains for banking stocks in a session dominated by bets about future central bank action offset a tech sell-off. The STOXX 600 ended flat as further gains among financials, which benefit from tighter monetary policy. Europe’s broader banking index rose 1.3 percent, leading… View Article

European Open Market Briefing – 28/06/2017 – by Arjun Lakhanpal

June 28, 2017 by savi-admin In Asian Equity Markets Japanese stocks wobbled on Wednesday morning as tech shares were dragged down by falls in their U.S. counterparts overnight, while financials rallied on the back of rising U.S. yields. The Nikkei share average shed 0.2 percent to 20,181.62 in midmorning trade, while gains in banking stocks and insurers supported the broader Topix,… View Article

Morning Update – 28/06/2017 – by Arjun Lakhanpal

June 28, 2017 by savi-admin Morning all.. Wall St closed down across the board with the S&P lower by 0.8% and the NASDAQ lower by 1.6% after global bond yields rose on the back of a more hawkish ECB chief Draghi. The Nikkei fell in Asia and closed down 0.5% but the fall was tempered by a strong rally in… View Article

European Close Market Briefing – 27/06/2017 – by Arjun Lakhanpal

June 27, 2017 by savi-admin In European Equity Markets stocks fell on Tuesday as a decline in auto stocks after Germany’s Schaeffler cut its profit outlook and disappointment over a failed buyout of Stada offset gains among basic resources firms and Spain’s Bankia. The pan-European STOXX 600 index was down 0.8 percent, while Germany’s DAX was 0.8 percent weaker. Autos were… View Article

USD/YEN Update – 27/06/2017 (11:30am) – by Arjun Lakhanpal

June 27, 2017 by savi-admin USD/YEN Update – 27/06/2017 (11:30am): USDJPY on the charts..The short term upside bias is intact following last week’s bullish reversal pattern as the focus turns to the next line of key resistance levels for signs of an extension. The focus stays on the 112.15 resistance zone which includes the late-May high. Again, this area will… View Article