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European Open Preview – Dollar and stocks await directional clues from US inflation

Posted on February 14, 2018 at 8:26 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.2% lower on Wednesday, ahead of key US inflation and retail sales data releases that could determine the currency’s short-term direction.  STOCKS: US markets closed with modest gains on Tuesday, with investors appearing hesitant to take up large positions ahead of the US inflation data today, which could determine whether the recent turmoil will intensify or subside. The Nasdaq Composite was the leader of the pack, rising by [..]

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US Open Preview – European equities broadly in the green; Wall Street looks set to open higher

Posted on February 12, 2018 at 12:04 pm GMT

Here are the latest developments in global markets: FOREX: The US currency remained lower on the day, with its broader gauge, the dollar index, being down by 0.3% around midday. The euro and sterling were advancing versus the greenback, after declining notably in the preceding week and recording multi-week lows. Specifically, euro/dollar shed 1.6% during the week ending February 9, experiencing its worst weekly performance since November 2016. Euro/dollar and pound/dollar were up by 0.3% and 0.2% at 1.2269 and 1.3869 respectively. [..]

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European Open Preview – Stocks look to US budget deficit and inflation data for clues

Posted on February 12, 2018 at 8:54 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.3% lower on Monday, despite the recent surge in 10-year US Treasury yields, which are now hovering near 2.88%. STOCKS: US equity indices experienced a tentative rebound on Friday. The S&P 500 led the way, rising by 1.5%, while the Dow Jones and the Nasdaq Composite rose by 1.4%. Moreover, futures tracking the S&P, Dow, and Nasdaq 100 are all in positive territory at the moment, suggesting that these [..]

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European Open Preview – Equities topple while US government shuts down; UK industrial output & Canadian jobs report due

Posted on February 9, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Friday, remaining unfazed by the shutdown of the US government. Meanwhile, sterling gave back all of the gains it posted after the Bank of England appeared more hawkish yesterday. STOCKS: The turmoil in global equity markets got a second wind on Thursday, with US stock indices collapsing once more. The Dow Jones led the way lower, shedding 4.1% of its value, while the Nasdaq Composite [..]

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European Open Preview – Kiwi records losses as RBNZ appears cautious; all eyes on the Bank of England

Posted on February 8, 2018 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was marginally lower on Thursday, after previously posting notable gains on Wednesday, as yields on longer-dated US Treasuries moved higher. Meanwhile, sterling was a little higher ahead of the Bank of England’s “Super Thursday” policy meeting. The kiwi dollar slipped, as the RBNZ disappointed those looking for an upbeat assessment.  STOCKS: US equity indices experienced another volatile session on Wednesday, and finished lower overall. The Nasdaq Composite fell by 0.9%, the [..]

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European Open Preview – Dollar little changed; US equities rebound but is the turmoil over?

Posted on February 7, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was marginally lower on Wednesday, experiencing little movement in the session, as investors’ attention remained fixed on movements in stock markets. STOCKS: US equity indices rebounded yesterday, temporarily alleviating some concerns that the sell-off seen earlier in the week would develop into something much bigger. The Dow Jones led the way, gaining an extraordinary 2.3%, while the Nasdaq Composite followed in its tracks, up by 2.1%. The S&P 500 [..]

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Stock market correction, or the beginning of a bear market? – Index News

Posted on February 6, 2018 at 4:30 pm GMT

Global stock markets have not fallen this aggressively in years. While the carnage may still have some room to run, it is important to distinguish that this appears to be merely a correction in an otherwise robust uptrend, and not the beginning of a bear market in stocks. Many have argued that a major correction in global stocks was long overdue, following spectacular bull runs in almost every major equity index in recent years. Some have even argued that a [..]

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European Open Preview – Stock bloodbath continues in full swing; RBA maintains neutral tone

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

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Tuesday, after posting some gains yesterday. The currency’s broader decline appears to have been halted, at least for now, as investors appear to be focused more on the collapse seen in stock markets. STOCKS: US markets suffered one of their worst days on record yesterday. The Dow Jones led the collapse, falling by an astounding 4.6%. The S&P 500 was down 4.1%, its largest one-day [..]

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European Open Preview – Equities collapse, dollar recovers after payrolls

Posted on February 5, 2018 at 8:59 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded virtually unchanged on Monday, after recovering somewhat on Friday on the back of robust US employment data. STOCKS: US equity indices collapsed on Friday. The Dow Jones led the plunge, closing lower by 2.5%, while the S&P 500 fell 2.1%. The Nasdaq composite was down by 2%. These gigantic corrections came after the US jobs data for January showed wages accelerating notably, spurring speculation that US interest rates may [..]

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European Open Preview – Dollar retreats despite rising yields; US jobs report in the spotlight

Posted on February 2, 2018 at 8:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Friday ahead of the US employment data, after it previously posted notable losses on Thursday. The yen tumbled against its major peers, weighed on by the BoJ’s regular bond-buying operations, which pushed Japanese bond yields lower. STOCKS: Japanese markets retreated despite the overnight tumble in the yen. The Nikkei fell 0.9%, while the Topix pulled back 0.3%. In Hong Kong, the Hang Seng was in the green, [..]

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