Unfavorable tertiary industry activity data from Japan coupled with decline in the country’s machinery orders and failure of talks to form a New Greek government led to rise in risk aversion in the global markets today. This resulted Asian markets to trade on a negative note today. Greece has scheduled to hold its second election in […]
Gold and Silver Review After The Asian Session Read More »
Today, Mr. Hollande will officially become the next French president. He will then announce his government. While it will only be a temporary government for up to one month until the French Deputy elections it will nonetheless send a message regarding the direction of French economic policy and its relationship with the European project for
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As the week starts, commodity markets continue to remain in despair and lingering in the broader weakness. Continuing political unrest in Greece, concerns over Spain’s banking sector and news of US bank giant JP Morgan’s $2bn losses reignited weak sentiments in all commodities. Increasing the possibility of a new election in Greece worsened the crisis
Negative Market Sentiment Grows Read More »
The Euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary. In these nations, unemployment rates are now at their highest levels in recent decades, and there are few prospects for recovery in sight. USA Car sales that are running at the fastest
Market Review May 15 2012 Read More »
Sentiment on risk remained fragile and EUR/GBP tested offers just in 0.8000 areas in thin Asian trading conditions. Nevertheless, as was the case several times of late the euro tried to move away from the lows and EUR/GBP joined this move. Usually the UK PPI is not a market mover. Produces price came out below
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Today, the economic calendar is rather thin with only the euro zone industrial production data and final figure of Italian CPI inflation. Euro area Finance Ministers meet in Brussels and Spain (12/18 month T-Bills), Germany (Bubills) and Italy (BTPs) will tap the market. In the euro area, industrial production is forecast to have risen for
Economic Calendar Events And Bond Auctions May 14 2012 Read More »
Global markets were in double jeopardy this week, with continuing weakening of economic fundamentals worldwide along with steadily falling gains from different asset classes. US markets made another toppled closing this week with sharp sell-off in the banking shares due to a huge trading losses posted by JP Morgan, however sell-offs was partly offset by
Market Review May 14 2012 Read More »
The Asian equities are trading mixed while the equities might pair in slightly after better banking and economic outlook. However, the Chinese inflation release early morning came out in line with expectation and may indicate some easing in near term restricting downside of metals pack. From the economic data front, Chinese Industrial production may increase
Gold And Silver This Morning Read More »
Economic Data for today After a mixed day on the eco data front on Thursday, with trade balances from around the globe and unemployment reports, today things quiet back down, the calendar is very thin, except for data from China, which is already coming in with soft results. Today, markets will once again focus of
Market Review May 11 2012 Read More »
The US trade deficit widened in March to $51.8 billion, the Commerce Department reported. The trade deficit was above the consensus forecast of Wall Street economists of a deficit of $50 billion. Economists had expected the deficit to snap back, believing that imports were held down in February due to the timing of the Chinese
A Look At The Global Markets Read More »
