European Close Market Briefing – 25/08/2017 – by Arjun Lakhanpal

August 25, 2017 by savi-admin In European Equity Markets stocks finished Friday’s session by swinging into the red, pulling back as U.S. Federal Reserve Chairwoman Janet Yellen gave nothing away about the path forward for monetary policy in the world’s largest economy. The Stoxx Europe 600 index wrapped up a choppy session by losing 0.1 percent to 374.07.  Shares of Provident Financial… View Article

European Open Market Briefing – 25/08/2017 – by Arjun Lakhanpal

August 25, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose on Friday morning as the dollar was steady against the yen, but activity was subdued as investors waited on speeches at the central bankers’ symposium in Jackson Hole, Wyoming, that began on Thursday. By the midday break, the Nikkei rose 0.5 percent to 19,440.36, after falling to more… View Article

Morning Update – 25/08/2017 – by Arjun Lakhanpal

August 25, 2017 by savi-admin Morning all.. Wall St finished in the red last night in a quiet session with the S&P down 0.21% and whilst Asia had a quiet session, a higher USDJPY helped the Nikkei rise by 0.53%. But most markets are on hold for the big speakers today when both Yellen and Draghi are due to speak… View Article

European Close Market Briefing – 24/08/2017 – by Arjun Lakhanpal

August 25, 2017 by savi-admin In European Equity Markets gains by cyclical sectors helped push stocks higher on Thursday while heavy losses in Dixons Carphone  after a profit warning dominated trading. The pan-European STOXX 600 was up 0.2 percent at its close, in line with euro zone stocks and blue chips. Dixons Carphone shares lost as much as 29 percent after the mobile… View Article

GBP/USD Update – 24/08/2017 (11:10am) – by Arjun Lakhanpal

August 24, 2017 by savi-admin GBP/USD Update – 24/08/2017 (11:10am): GBP continues to trade softly, particularly vs the EUR, the cross breaking to 8 year highs (ignoring the flash crash). No new fundamental driver per se, the move feels and acts as though flow is the dominant factor. Although arguably EURGBP looks stretched technically, I feel that GBPUSD could have further… View Article

European Open Market Briefing – 24/08/2017 – by A Lakhanpal

August 24, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index fell towards a 3-1/2-month low on Thursday, dragged down by Wall Street losses, while steel makers fell after reports that Toyota Motor Corp was looking to cut the price of steel supplied to component makers. The Nikkei was down 0.2 percent at 19,407.30 points by late morning. The broader Topix… View Article

Morning Update – 24/08/2017 – by Arjun Lakhanpal

August 24, 2017 by savi-admin Morning all.. Wall St didn’t like the fact that Trump is talking shutting down the government in order to get his wall built and the S&P closed down 0.35%. It was a similar story in Asia with the Nikkei down 0.3%, not helped by weakness in USDJPY which spent a lot of the session sub… View Article

European Close Market Briefing – 23/08/2017 – by Arjun Lakhanpal

August 23, 2017 by savi-admin In European Equity Markets stocks fell on Wednesday, led lower by sharp declines in advertising giant WPP after it cut sales forecasts on weakening demand. The pan-European STOXX 600 index and euro zone blue-chips both fell 0.5 percent. WPP  shares lost 10.9 percent after the world’s largest advertising group cut its full-year sales outlook after a decrease in demand caused… View Article