Gold prices are trading steadily above the $2,000 mark, which is becoming a significant support level. The bullion price is benefiting from growing expectations that the Federal Reserve will soon pivot and start cutting rates. A significant number of observers believe that the first cut may come as early as March 2024, but this is not a majority view yet. The...
Stocks edged higher in Europe on Wednesday, extending gains registered in Asia overnight, as the prospects of a monetary dovish switch bolstered market sentiment.
In Europe, investors continue cheering on the recent dovish hints provided by ECB officials. Market sentiment towards riskier assets has significantly improved since historically hawkish central banker...
Brent oil prices are flat during early Wednesday trading after touching a multi-week low the previous day. Investors remain relatively unmoved by the potential impact that the additional voluntary production cuts agreed by the OPEC+ members will have on the market. Since the last day of November, the price of Brent has dropped more than 6%, showing that the...
Stocks climbed slightly before paring some of their gains at the opening of Tuesday’s trading session in Europe, while Asian shares closed in the red, as macro data led market sentiment sideways.
The STOXX-50 index still trades inside its consolidation zone between 4,400.0pts and 4,430.0pts. Investors are experiencing patchy performances across all sectors as they...
Brent oil prices hedged up slightly during early Tuesday trading but remain close to the two-week low touched during the previous session. Prices declined on Monday as traders questioned the impact of the additional voluntary production cuts announced by OPEC+ for 2024. With economic activity falling in China and the American economy showing signs of slowing down,...
Equities traded sideways in Europe on Monday amid mixed market sentiment towards risk ahead of a significant batch of new macro data this week.
The STOXX-50 index drifted shortly after the opening bell before bouncing back as gains in consumer non-cyclicals, industrials, and real estate shares offset losses seen in basic material and energy stocks.
Investors’...
Gold prices touched an all-time high during early Monday trading, reflecting growing expectations of a Federal Reserve rate cut within the first quarter of 2024 and simmering geopolitical instability in the Middle East. With inflation coming down faster than expected and economic activity showing signs of weakness, investors are growing increasingly hopeful that...
Brent oil prices stabilised during early Friday trading after Thursday’s wild oscillations, which ended up with a daily drop of more than 2.6%. Earlier in the week, investors had been anticipating the agreement amongst OPEC+ countries to reduce output in a dynamic that offered support to the price of the barrel. However, yesterday’s announcement of additional...
Gold prices hedged up during early Tuesday trading, revisiting the six-month high touched during the previous session. The precious metal is seeing an increase in demand, as expectations of an economic cooling down and that the Fed is done hiking rates drive gains in the bond market and dollar depreciation. With treasury yields falling, the opportunity cost of...
During early Friday trading, Brent oil prices found some support as investors continued to weigh the likelihood of additional production cuts from OPEC+ producers. The previous two sessions were marked by significant oscillations in the price of the barrel. There was an overall fall of almost 2%, as traders reacted to news of the postponement of a meeting of...
European benchmarks opened without clear direction on Thursday after mixed macro data failed to bolster market sentiment ahead of a long weekend in the US.
Lower transaction volumes and decreased market volatility traditionally occur during the long Thanksgiving weekend, when US investors stay away from their trading desks.
In addition, the recent batch of mixed...
Gold prices are hovering just below the $2,000 mark as European trading begins. The bullion price found strong support earlier in the week, as expectations that the Fed's rate hiking cycle had ended consolidated amongst investors. The resulting mood led to a two-and-a-half-month low for the greenback and saw treasury yields drop, in a dynamic that benefited the...
Stock markets traded slightly higher but remained in their consolidation zone on Wednesday, as risk appetite seems to take a break ahead of the last batch of economic data before Thanksgiving.
European benchmarks are trading sideways, with the STOXX-50 index still inside its 20-points wide trading range, after yesterday's release of the FOMC minutes, alongside the...
Equities continued to consolidate on Tuesday in Europe, following a mixed trading session in Asia, as risk appetite lost momentum.
Most benchmarks traded sideways from Frankfurt to Madrid this morning, with gains in the industrial and basic material sectors offset by losses in financial and energy shares.
Not only have markets become less directional since the...
The US dollar is on the back foot as European trading gets underway this Tuesday. The greenback has been under pressure following a string of disappointing economic data and last week’s inflation numbers that read below expectations. Against this background, investors have been turning away from the greenback ahead of the release, later in the day, of last month’s...
Shares markets opened mixed in Europe on Monday, holding gains ahead of further macro developments this week.
Market sentiment fluctuated this morning, as losses in Germany due to the sharp price action in Bayer, were offset by gains in Paris and Madrid.
Even if equities started the week without direction, risk appetite remains high from investors as the dovish...
The US dollar touched a two-and-a-half-month low during early Monday trading, reflecting the consensus amongst market participants that the Fed has reached the end of this hiking cycle. US economic data released over the last weeks showed a slowdown in activity, in a dynamic that culminated with a lower-than-expected inflation reading for October. Investors will...
European shares rose on Friday, despite Asian benchmarks closing in the red, as investors brace for Eurozone’s CPI figures.
The sell-off in Asian Equities due to the US-Sino trade war resurgence didn’t spread to European contracts on Friday, as investors continued to cheer on the prospect of a much more dovish monetary policy to come.
Indeed, cooling inflation,...
