June 29, 2017
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
June 28, 2017
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
June 28, 2017
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
June 27, 2017
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
June 27, 2017
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
June 27, 2017
Oil Update – 27/06/2017 (11:25am): Oil has bounced but charts suggest downtrend still in place.. Despite the near term pause, the bearish backdrop in WTI remains intact after violating important support at the 43.76 May low and highlighting a deteriorating short term backdrop. In turn, the focus is now on the $42 support area and… View Article
June 27, 2017
In Asian Equity Markets Japan’s Nikkei index edged up to hover near two-year highs on Tuesday morning as a weaker yen helped exporters rise, while financial stocks rebounded from Monday’s declines. The Nikkei gained 0.4 percent to 20,233.23 in midmorning trade after hitting as high as 20,250.10 earlier. The broader Topix rose 0.4 percent to 1,618.93 and… View Article
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
