European Close Market Briefing – 13/06/2017 – by Arjun Lakhanpal

June 13, 2017 by savi-admin In European Equity Markets a recovery in tech stocks and fresh optimism over troubled Italians banks lifted stocks from seven-week lows on Tuesday. The pan-European STOXX 600 index ended up 0.6 percent, almost fully recovering losses from the previous session. Italy’s benchmark rose 0.9 percent. Dialog Semiconductor, Infineon and ASM International were among the tech stocks gaining the most,… View Article

GBP/USD Update – 13/06/2017 (11:34am) – by Arjun Lakhanpal

June 13, 2017 by savi-admin GBP/USD Update – 13/06/2017 (11:34am): GBP has traded back towards critical support areas. Yesterday, the market traded political uncertainties with the view that a softening of the British negotiation stance would have no impact of EMU’s negotiation position, a view we disagree with. There is a meeting scheduled between PM May and DUP leader Arlene… View Article

European Open Market Briefing – 13/06/2017 – by Arjun Lakhanpal

June 13, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index trimmed earlier modest losses and steadied on Tuesday, as the shock from a slide in U.S. technology shares began to ease. The Nikkei was a fraction lower, down 0.05 percent at 19,899.14. The broader Topix was up 0.2 percent at 1,595.10 and the JPX-Nikkei Index 400 added 0.2 percent to… View Article

Morning Update – 13/06/2017 – by Arjun Lakhanpal

June 13, 2017 by savi-admin Morning all.. Wall St was lower and tech stocks down but a late rally helped calm nerves somewhat. The S&P closed down 0.1% and NASDAQ down 0.5% after a weak start. Markets were extremely quiet in Asia as many await the Fed decision tomorrow with the Nikkei basically unchanged ont he day and a bounce… View Article

European Close Market Briefing – 12/06/2017 – by Arjun Lakhanpal

June 12, 2017 by savi-admin In European Equity Markets stocks were hit on Monday by big falls in Apple suppliers and other tech shares, overshadowing well-received election results in France and Italy. Shares in chipmakers STMicro, Dialog and AMS all fell between 6.7 percent to 9.2 percent following heavy losses in U.S. and Asian peers. The pan-European index STOXX 600 closed… View Article

GBP/USD Update – 12/06/2017 (10:50am) – by Arjun Lakhanpal

June 12, 2017 by savi-admin GBP/USD Update – 12/06/2017 (10:50am): Sticking with the UK and GBP: A lot of uncertainty in the near term however, with 19th June the first Brexit negotiations date with EU.  This week is busy for UK, with BoE on Thursday – with 7-1 votes expected with Forbes last meeting and only dissenter.  Ahead of that… View Article