All Articles Tagged - US30

European Open Preview – Risk-off mood on back of trade worries weighs on equities, boosts yen

Posted on June 25, 2018 at 7:54 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly higher versus a basket of currencies, though it was losing ground versus the safe-haven perceived yen which attracted flows on the back of uncertainty relating to global trade. Specifically, dollar/yen was trading at two-week low levels. STOCKS: Asian equities were a sea of red after the latest concerns over global trade acted to the detriment of riskier assets. Japan’s Nikkei 225 and Topix indices finished lower by [..]

Renewed tech-euphoria propels Nasdaq to new records – Index News

Posted on June 22, 2018 at 10:44 am GMT

Major global equity indices are slowly trying to recoup the losses they posted earlier in the year, though some are recovering much better than others. The Nasdaq index has already mended its wounds and managed to break multiple new record-highs lately, propelled higher by a renewed rally in tech stocks, which investors seem to favor in the face of global trade risks despite their “pricey” valuations. After a bumpy start to the year, major stock indices appear to have slowly [..]

European Open Preview – Pound soars after BoE; OPEC meeting and key data eyed

Posted on June 22, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is lower on Friday, though by less than 0.1%. The index closed lower on Thursday, after touching its best levels in 11 months. In the UK, the pound soared after the BoE kept rates unchanged, but adopted a more hawkish tone, stoking expectations for a rate increase at the August meeting. STOCKS: US markets closed lower on Thursday, amid [..]

European Open Preview – Dollar reaches new heights; Bank of England at the center of attention

Posted on June 21, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.3% higher on Thursday, touching a fresh high for 2018. Safe-haven currencies such as the yen and the Swiss franc are on the back foot, down by nearly 0.3% and 0.2% respectively against the greenback as trade concerns have moved to the background for now. Commodity-linked currencies like the loonie, aussie, kiwi, are also on the retreat, with the first two trading at one-year lows versus the dollar. [..]

European Open Preview – Asian stocks gain as risk sentiment recovers; House of Commons votes on Brexit amendments

Posted on June 20, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower on Wednesday, though by less than 0.1%, giving back some of the gains it posted in the previous session as the currency with the most weight in the index – the euro – tumbled. The haven-perceived yen is also on the retreat, paring some of the gains it posted yesterday. STOCKS: Wall Street closed lower on Tuesday, amid fears over an escalating US-China trade spat and [..]

European Open Preview – Yen bulls return as trade frictions intensify; ECB Forum gathers attention

Posted on June 19, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is lower on Tuesday, though by less than 0.1%. Meanwhile, the Japanese yen is 0.8% higher against the dollar and nearly 1.0% stronger versus the euro, as signs of further escalation in trade tensions between the world’s two largest economies are diverting flows into safe-haven assets. STOCKS: US markets closed mostly lower on Monday, amid [..]

European Open Preview – Markets shrug off escalating trade tensions; Brexit also in the spotlight

Posted on June 18, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was higher by nearly 0.1% on Monday, staying close to the seven-month high it posted last week. The Canadian dollar was 0.15% higher against its US counterpart, trying to recover some of the oil-induced losses it posted on Friday, when it reached a one-year low. STOCKS: US markets closed lower on Friday in the aftermath of tariff announcements from both the US and China, though the magnitude of the downside moves [..]

European Open Preview – ECB announces QE end, but dovish on hikes; trade developments eyed

Posted on June 15, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is up by almost 0.25% on Friday, touching a fresh 7-month high and extending the spectacular gains it posted yesterday as the currency with the heaviest weight in the index – the euro – collapsed after the ECB policy decision (see below). The yen was on the back foot as well, falling by 0.2% versus the dollar, after the BoJ downgraded its inflation view at its own policy [..]

European Open Preview – Dollar slips despite ‘hawkish’ Fed; all eyes on ECB

Posted on June 14, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly 0.3% lower on Thursday, extending losses from the previous session. Although the Fed raised rates and upgraded its rate-path projections to signal one additional hike this year, Chairman Powell played down these hawkish signals in his press conference, sending the US currency lower overall. Meanwhile, haven currencies like the Japanese yen and Swiss franc are higher today, following reports the US may introduce tariffs on China [..]

European Open Preview – Dollar inches up ahead of Fed decision; UK CPI coming up

Posted on June 13, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher by a little more than 0.1% on Wednesday, ahead of the Fed policy decision at 1800 GMT, where the central bank is widely anticipated to raise interest rates. In the UK, sterling managed to rebound against the euro and the yen yesterday, following a vote in Parliament that was interpreted as making a “softer” Brexit more likely. STOCKS: US markets closed mixed on Wednesday, with the Nasdaq [..]

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