US equities sell-off gained momentum overnight after Asia Pacific equities were mixed yesterday. The US stock plummet could be a result of mixed corporate earnings and a weaker New Home Sales data. Correspondingly, bonds, gold prices and the Japanese Yen rallied as risk averse attitudes prevail and investors rushed toward safe havens. The stock rout…
European equity markets endured a severe sell-off yesterday as global investment sentiment continues to be weak. There are several factors playing into the mix. The political stand-off between Rome and Brussels continues as the EU commission have rejected the budget proposal from the Italian government. The administration in Rome will have to resubmit its proposals,…
European stock markets weren’t able to hold onto their early gains yesterday, despite getting a decent tail wind from Asian stocks, as concerns about trade, geopolitics and the budget stand-off between Italy and the European Commission kept investors cautious. US markets also closed lower as concerns about a lack of progress between China and the…
Most US equities edged lower overnight after the Hong Kong and Shanghai stock markets shook off recent weakness with a steep rally yesterday. The surge in Chinese regional shares might be a combined effect of major bank reserve ratio reduction, and the State Government’s public determination to support the private economy. This unique formula is…
European shares managed to finish a choppy week on a fairly mixed note with the FTSE100 and German DAX managing to close above the 200-week MA, however the lack of sustainable rebound does raise the question as to whether we’ll be able to hold these key supports and potentially see further losses in the days…
The USA, Mexico and Canada came to an agreement on trade that replaces NAFTA and the now abandoned TPP structures. Many analysts see the new USMCTA as an updated version of the previous agreements rather than a break with the past. Nevertheless, the US dollar and shares rallied and oil hit a new four year…
After two weeks of gains Europe market slipped back a touch yesterday as the start of the latest round of tariffs between the US and China prompted some minor profit taking in both Europe and the US. The caution shouldn’t be too surprising given that President Trump has already indicated that if China were to…
Having hit multi month lows two weeks ago markets in Europe enjoyed their second successive weekly gain last week, despite the implementation of another set of tariffs on $200 billion worth of Chinese goods by the US administration, which are due to start today. It would appear that the fact that the tariffs were set…
Stocks had a positive session yesterday as traders adjusted to the new round of tariffs from the US and China that were released during the week. Trade tensions have stepped up, but you would not know it to look at European and US equity markets. The $200 billion worth of tariffs from Trump, and Beijing’s…
US 10 year bond prices flited with 7 year lows overnight. A breach of the yield high at 3.13% could see a sharp increase in bond market volatility and significantly higher interest rate. Despite this flashing red light currency markets were calm and shares broadly rose, assisted by evidence of increasing energy demand. The 10-year…
