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European Open Preview – Dollar falls with inflation figures the next catalyst; equities on the rise

Posted on March 12, 2018 at 8:55 am GMT

Here are the latest developments in global markets: FOREX: The dollar was losing some ground versus a basket of currencies on Monday after recording its highest since March 1 last Friday, the day February’s US employment data showed stronger-than-anticipated jobs growth. STOCKS: US markets surged on Friday on the back of the US employment report, which showed that wage growth remains subdued. The disappointing earnings figures suggest that there is little pressure on the Fed to raise rates aggressively, a factor that boosted risk [..]

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European Open Preview – Yen falls as possible US-North Korea talks spur risk appetite; US jobs report firmly in focus

Posted on March 9, 2018 at 8:48 am GMT

Here are the latest developments in global markets: FOREX: The yen was recording significant losses versus other major currencies on the back of elevated risk sentiment spurred by a possible meeting between US President Donald Trump and North Korea’s Kim Jong Un. STOCKS: US markets closed higher on Thursday, as the imposition of “watered down” US tariffs amplified expectations that the tensions will not escalate into a trade war, but may instead remain relatively contained. The S&P 500 led the [..]

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Stock Market News – Boeing outperforming but escalation of trade tensions can cloud the company’s outlook

Posted on March 8, 2018 at 4:28 pm GMT

Boeing is outperforming major US benchmarks so far in 2018, being up by an impressive 17.7% year-to-date. However, the company’s outlook might get grimmer given than a significant proportion of its clients come from outside the US, with the firm being at risk of facing sanctions should trade tensions get out of control, leading to a trade war. The multinational corporation reported robust Q4 2017 results in late January that beat analysts’ projections and contributed to its strong year-to-date performance. [..]

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European Open Preview – Dollar recovers from 2-week low as trade concerns ease; ECB decision looms

Posted on March 8, 2018 at 8:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was roughly flat versus a basket of currencies after recovering somewhat from a two-week low hit on Wednesday. The recovery came on the back of abating worries over a trade war occurring, as well as optimism on the strength of the US labor market. STOCKS: US markets traded in a turbulent manner yesterday. They opened lower on trade concerns following Gary Cohn’s resignation, but managed to recover most of [..]

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European Open Preview – Dollar falls as trade war fears rise; Bank of Canada decision eyed

Posted on March 7, 2018 at 8:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was recording losses versus a basket of currencies, falling to its lowest in two weeks, as fears over as potential trade war were rekindled following the resignation of US President Trump’s top economic advisor, a free trade proponent. STOCKS: US markets managed to close higher yesterday, with the Nasdaq Composite gaining 0.6%, the S&P 500 climbing 0.3%, and the Dow Jones rising, though only marginally so. However, a few [..]

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European Open Preview – Dollar little changed as equities rebound; trade considerations still in focus

Posted on March 6, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was slightly down on Tuesday after gaining less than 0.2% on Monday, in an environment where concerns for a trade war following the Trump administration’s decision to impose tariffs on imported steel and aluminum were easing. STOCKS: US markets closed markedly higher yesterday, recovering some of their latest losses, as concerns over a potential trade war receded somewhat. The gains came after US House Speaker Paul Ryan urged [..]

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European Open Preview – Euro falls on uncertainty over Italy; equities remain under pressure on trade concerns

Posted on March 5, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was gaining ground, while the euro was on the defensive following a cloud of uncertainty after Sunday’s elections in Italy. The aussie and the kiwi were also recording notable losses versus the greenback on the back of rising trade tensions. STOCKS: US markets closed mostly higher on Friday, even despite the rising probability of a tit-for-tat trade war between the US and its major partners. The Nasdaq Composite surged [..]

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European Open Preview – Dollar declines on tariffs decision; Theresa May’s Brexit speech eyed

Posted on March 2, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar declined versus a basket of currencies on Thursday after previously rising to a six-week high. Negative momentum for the US currency, which came on the back of a trade tariff decision by the US administration, is carrying through into today’s trading, with losses being limited though. STOCKS: US markets experienced another day of sharp declines on Thursday, as worries over President Trump’s new tariffs on steel and aluminum imports amplified [..]

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European Open Preview – Dollar hits 6-week high ahead of Powell; trade tariffs and key US data eyed

Posted on March 1, 2018 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar recorded a six-week high versus a basket of currencies ahead of Fed chief J. Powell’s hearing before the Senate Banking Committee and key data out of the US. The aforementioned high came mostly on the back of gains from previous days though, as the dollar index was little changed on the day. STOCKS: US markets closed lower once again yesterday, ending February on an uncertain note. The Dow Jones [..]

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European Open Preview – Powell’s comments breathe life back into the dollar; eurozone inflation eyed

Posted on February 28, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – traded almost unchanged on Wednesday, after posting significant gains earlier on Tuesday as the new Fed Chair Jerome Powell appeared quite optimistic on the US’ growth outlook in his testimony before Congress. STOCKS: US markets posted notable losses yesterday, as the upbeat remarks of the new Fed chief enhanced expectations for higher interest rates. The S&P 500 [..]

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