During the early Asian session, crude oil futures prices are trading above $90.45/bbl with a gain of more than 40 cents on the Globex electronic platform. This may be a slight pull back on expectation of China will accelerate efforts to spur growth after the manufacturing index fell below 49 in May. On the other […]
Crude Oil During The Asian Session Read More »
US markets displayed a notable move to the downside in morning trading on Wednesday due to continued worries about the financial situation in Europe, which came as European leaders held a closely watched summit in Brussels. However, stocks staged a significant recovery over the latter part of the trading day which was attributed to reports
Market Review May 24 2012 Read More »
Concerns over Greece’s exit from the Euro Zone have come to the surface again and this has deteriorated risk appetite among investors. Although the Group of Eight (G8) leaders affirmed Greece’s status in the Euro Zone, former Greek Prime Minister Lucas Papademos id that the country is preparing to leave the 17-nation Euro Zone. Even
Market Review May 23 2012 Read More »
Gold witnessed a mixed movement in yesterday’s trade and eventually closed in the red. Prices on the Comex June contract slipped 0.2 percent to $1588/oz despite dollar weakness and increased risk appetite. Movement in gold on Monday shows that investors remain cautious over prospects of sharp increase in prices in the near-term. With prices closing
Gold And Crude Oil Review Read More »
In the last session all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) ended in green. Dow was up by 1.09% and closed at 12504; S&P 500 was gained by 1.60% at 1316. European indices ended mixed. FTSE was down by 0.64%, DAX was gained by 0.95% &
Market Review May 22 2012 Read More »
While there are significant forms of data risk in European economies this week, the prime market risk will continue to be represented by Greek worries. To that effect, following this weekend’s G8 meeting at Camp David, expect the risk of more detailed thoughts on how Germany and might stimulate growth agendas in Greece and perhaps
Market Review May 21 2012 Read More »
Asian markets are down on mounting uncertainty among Spanish banks and political havoc in Greece. Additionally, unfavorable economic data from the US also led to rise in risk aversion in the global markets. Moody’s Investors Service downgraded debt ratings of 16 Spanish banks mentioning a recession and increasing loan losses. Fitch Ratings cut Greece’s credit
Market Review May 18 2012 Read More »
Following a positive start, U.S. stocks closed in the red for a fourth straight session on Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece’s political situation. The Dow Jones industrial average fell 33 points, 0.3%, finishing at the lowest level since mid-January. The S&P 500 dropped 6 points, or 0.4%,
Market Review May 17 2012 Read More »
Markets traded with a negative bias again, with equities falling, the USD rallying, and commodities selling off. Bonds were fairly flat after yesterday’s rally. The Greek political parties have failed to form a coalition government and it seems as though another election may well be in the offing, with June 17th being bandied about as
Market Review May 16 2012 Read More »
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 »
