During the trading week ending February 5 equity markets have been mostly bullish, the reasons for the renewed risk-on sentiment are various. – Vaccine rolls outs in the United States, the UK and parts of Europe are moving ahead as planned and, in some instances, ahead of target. Optimism is developing that the latest western […]
European markets rallied from the London open during Tuesday’s sessions. The latest GDP figures for the Eurozone and individual countries provided investor optimism that if the COVID-19 vaccine rollouts are successful, growth will quickly re-appear. GDP for the Euro Area beat forecasts coming in at -0.7% for Q2 2020 after a revision for Q3 revealed
Last week’s trading sessions ended with many global equity markets selling off as the risk-on sentiment dominating investor thinking over recent months suddenly evaporated. The SPX 500 closed Friday’s New York session down –2.22% on the day and –3.58% weekly and the NASDAQ 100 –2.36% down during the Friday session and –3.57% weekly. The NASDAQ
It was a week of GDPs this week. The USA economy’s final GDP reading for 2020 came in at –3.5%, the worst performance since 1946 recorded during the aftermath of WW2. The Q4 metric for US GDP growth came in at 4%, right on the forecast and falling back from the blistering 33% COVID-19 recovery
The leading US equity markets bounced back on Thursday after experiencing a sell-off during Wednesday’s sessions. Wall Street banks and brokers voiced their relief after online brokers such as Robin Hood, Ameritrade and Interactive Brokers suspended trading in stock such as GameStop, AMC and Blackberry. These equities have been the subject of intense speculation by
The confusion and arguments over vaccinations from AstraZeneca and Pfizer between the UK and EU, negatively affected overall sentiment in all European equity markets. France’s CAC index ended the day down -1.26% while the UK FTSE 100 closed out the day down -1.37%. Germany’s DAX index plunged to a five-week low during Wednesdays’ sessions. The
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On Tuesday, European equity markets rebounded after some impressive earnings reports combined with a positive global growth report from the IMF to improve investor sentiment. Germany’s DAX index closed out the day up 1.66% while France’s CAC was up 0.93%. The euro experienced mixed fortunes during the day; EUR/USD traded up 0.19% at 8:30 pm
The German Ifo Business Climate indicator fell to 90.1 in January from the revised 92.2 recorded in December 2020, coming in below the market forecast of 91.8 as German companies voiced less optimism about the current domestic conditions. The reading appeared to impact Germany’s leading index, the DAX 30, which closed the European session out
