FOREX
The dollar weakened further during early Thursday trading. The markets are reacting to the return of concerns over the stability of the US banking sector, as well as signs of slowing down in the wider economy. A growing number of investors believe the Federal Reserve will be forced to cut rates before the end of the year, in order to avoid a sharper...
OIL
Brent oil prices fell during early Monday trading, as expectations of lower economic growth impacted the outlook for global oil demand. With most central banks still battling to control inflation and set for further interest rate hikes, a growing number of traders and investors are assuming a scenario of lower-than-previously-expected oil demand. Unless there...
FOREX
The US dollar rose during early Friday trading and looks set to close the week with gains for the first time in over a month. The release of earnings figures for large US banks surprised to the upside, easing fears over the stability of the banking sector. Markets have been apprehensive since the collapse of SVB, which many saw as having its root cause in...
FOREX
The US dollar is trading mainly flat in relation to other major currencies as the European session gets underway. A senior Federal Reserve official speaking on Wednesday alluded to ongoing concerns over inflation and the central bank’s commitment to bring it under control. These comments were seen as hawkish and came at a time when worries over the US...
OIL
Brent oil prices were almost 6% higher when the market opened this Monday, comparative to the close of Friday, with subsequent gains taking the cost of the barrel to the highest level in almost a month. With a move that caught the markets off guard, OPEC+ countries announced the intention to cut production by more than one million barrels per day. With the...
EUROPEAN SHARES
Equity markets traded sideways on Monday, hovering around their annual highs, as investors digest the surprising decision from OPEC+ countries, at the beginning of a new quarter.
Most benchmarks slid shortly after the opening bell following an unexpected oil output cut announcement from OPEC countries, which sent black gold 5% higher. While...
EUROPEAN SHARES
Stocks opened mixed in Europe, with lower market volatility than usual, as traders brace for the last trading session of the quarter that will be full of macro developments.
Gains in the consumer goods sector have been offset by losses registered by financials and real estate shares, as investors are tempted to take some profits out following a...
EUROPEAN SHARES
Share markets continued to edge higher in Europe, extending gains registered yesterday evening on Wall Street, as investor appetite for risk is on the rise before the end of the quarter.
Benchmarks from London to Milan were in the green on Thursday, led higher by all sectors, but with the best performances being brought by real estate stocks so...
GOLD
Gold prices remained stable during early Thursday trading, as the US dollar also traded flat and fears over an escalation of the banking crisis continued to recede. The price of bullion has dropped more than 2% in relation to the one-year-maximum touched during the previous week, when fears that the turbulence felt in the banking sector could spread spooked...
EUROPEAN SHARES
Stock indices rose in Europe on Thursday, enough to pare yesterday’s losses after bullish enthusiasm towards Chinese tech shares strengthened market sentiment everywhere ahead of key macro data this week.
Confidence in equity markets seems to remain strong so far, with bull traders defending support levels everywhere on the old continent despite...
EUROPEAN SHARES
Stocks slid lower in Europe at the opening of the last trading session of the week, as lingering worries about the financial sector keeps pressuring market sentiment.
Despite US treasury secretary Janet Yellen’s reassuring speech yesterday, most investors remain cautious towards riskier assets and prefer to seek for safety while waiting for...
EUROPEAN SHARES
European shares dipped shortly after the opening bell on Monday, extending declines seen in Asia overnight, while US futures also point to a bearish open as the banking crisis keeps pressuring market sentiment.
Financial stocks remain the worst performers so far, as worries of a systemic risk in the banking sector linger after the confirmed...
EUROPEAN SHARES
European stock benchmarks rose for a second day running on Friday, at the end of a stormy week, as investors bought the dip brought by short-term turbulence in the markets.
Risk appetite is on the rise after investors seized the opportunity brought by fears of a systemic risk sparked by SVB towards the Financial sector, to buy shares at...
FOREX
The US dollar drifted lower during early Friday trading, following a pattern initiated halfway through the previous session. The easing of fears over a potential financial crisis generated a rise in risk appetite, that penalized the safe-haven dollar. All week long the markets had been in a state of hypersensitivity to bank-related bad news, following a...
European markets pared some of yesterday’s gains as market sentiment remains under pressure from a blurry short to mid-term outlook for stocks. Today’s appetite for riskier assets has been dented after traders saw poor industrial production figures from China, sending benchmarks slightly lower everywhere in the Eurozone. Overall market sentiment remains fragile...
Gold prices dropped during early Wednesday trading, falling more than 1.5% in relation to the maximum touched on Monday. The panic that hit investors after the collapse of SVB has abated, while US inflation numbers released yesterday painted a mixed image, with lower headline CPI but a higher-than-expected month-on-month core reading. Against this background...
FOREX
The US dollar stabilized near a multi-week low during early Tuesday trading, after three consecutive sessions of losses, which during Monday’s session reached 2% in relation to last week’s maximum. The main reason for the dollar weakness is a reset in market expectations, with investors now contemplating a pause in the Federal Reserve’s rate hiking cycle....
Brent oil prices stabilized and even hedged lower during early Tuesday trading, halting the rises of the last five sessions. Over the last week, supply side concerns supported the price of the barrel, with little spare capacity in the market and doubts over how much crude and related products Russia will be able to export. However, these supply worries started to...
