On Tuesday there was little in the way of news flow, except of the G7 emergency teleconference, which yielded very little in the way of results or news. And there was even less on the eco calendar. The fundamentals affecting the markets on Tuesday were: Australia GDP grows 1.3%, more than twice estimates Australia’s economy […]
Market Review June 6 2012 Read More »
During this morning’s session crude oil futures prices are trading above $84.73/bbl in electronic trading. Most of the Asian equities are up near 1 percent on speculation of positive expectation from ease of debt crisis in Euro-zone. Most importantly, market will be eyeing on G-7 meet, where sign of heightened global alarm about strains in
Crude Oil and the current EU Crisis Read More »
European markets will lead global influences again on four main counts. First, German releases could be the most important development in the eurozone as consensus expects each of factory orders, industrial production and exports to take a step backward from solid gains the prior month. If correct, then that would stoke renewed fears about the
Market Review June 5 2012 Read More »
During early Asian session crude oil futures prices are hovering below $86.20/bbl with fall of more than 0.30 percent in electronic platform. Oil price are under pressure on concern from major oil consuming nation like China. PMI manufacturing index for the month of May declined more than estimates and prior month levels. Likewise, contraction in
Crude Oil kicks of June Read More »
Bonds continued their march to lower yields today. US 10’s now yield 1.56%, UK 10’s yield 1.56%, German 10’s yield 1.2%… and Spanish 10’s yield 6.5%. The extent to which European capital is cycling out of Spanish (and to a lesser extent Italian) paper and into German paper is extreme. German bonds that traded with
Market Review June 1 2012 Read More »
The deepening euro crisis is hurting Asian stocks as they head for their worst monthly performance since late 2008. The euro has also fallen below $1.24 levels, forcing Asian currencies to also pare losses against the greenback. The SGX Nifty is trading lower by 43 points, tracking other peers. On the Economic front, we have
Market Review May 31 2012 Read More »
Equities traded higher today, with US and Canadian markets rallying on news that China might undertake meaningful fiscal stimulus. While industrial metals stocks rallied with the base metals complex, gold stocks fell by 2.4% and gold fell 1.7%. Industrial companies led the way in the US, with the Industrial Engineering subsector appreciating 1.9% while the
Market Review May 30 2012 Read More »
On Tuesday morning, we are witnessing a lackluster trading session in Asian stocks, as most of them pare slight gains barring Japan. With the US closed yesterday, no major leads were given to the Asian markets. The gains are being restricted as investors are still wary of the Spanish debt crisis. On the Economic front,
Market Review May 29 2012 Read More »
Much of the risk tone facing world markets will be set by the US economy. For the most part this will only happen toward the end of the week not only because US markets are closed for Memorial Day on Monday but also because a series of key reports will be released on Friday that
Market Review May 28 2012 Read More »
Equity markets were mixed today, with Asian indices trading lower following the release of a weak Chinese PMI, European markets bouncing back from yesterday’s swoon (despite weak PMI data that showed manufacturing contraction throughout the continent – including Germany), and North American markets essentially flat. Today’s action was focused on currency markets, with the euro
Market Review May 25 2012 Read More »
