19 Jan 2017 @ 20:29
The main story dominating the Nikkei 225 today is the travails of Toshiba. The Nikkei itself finished the session with a strong 0.94% gain as the yen weakened against the U.S. dollar in the wake of an address by Federal Reserve Chair Janet Yellen. Yellen reaffirmed the Fed’s intention to raise interest rates a few […]
18 Jan 2017 @ 01:18
Despite the major mainland Europe indices flat into the afternoon, staging a recovery from mid-morning after starting down and sliding further, Wall Street still looks like that it will open Tuesday down on Friday’s closing levels. With markets closed yesterday as a result of the Martin Luther King holiday, today is the first session of […]
18 Jan 2017 @ 00:38
The UK benchmark index has extended this morning’s losses in afternoon trade, as Prime Minister Theresa May promised a parliamentary vote on Britain’s deal to leave the European Union, which propped up sterling. She further noted that she would rather leave EU with no trade deal than accept a bad one. As of 13:08 GMT, […]
17 Jan 2017 @ 22:08
Brent crude and WTI prices, which usually move in approximate correlation have diverged on Tuesday as Brent crude futures slipped 10 cents to $55.76 shortly before 09:00 GMT, while WTI futures gained 15 cents to $52.51 a barrel. Brent crude futures had been down as low as $55.55 a couple of hours earlier and WTI […]
17 Jan 2017 @ 20:13
Asian indices were predominantly down by the close of play on Tuesday, with the Nikkei 225 recording a heavy 1.48% loss and the ASX 200 also down in Australia. Hong Kong’s Hang Seng did manage to record a gain however, despite a lack of cues from Wall Street, which sat Monday out due to the […]
17 Jan 2017 @ 03:34
European indices have taken a bit of a tumble on Monday with Germany’s DAX 30, France’s CAC 40 and the UK’s FTSE 100, despite the tumbling pound which has lately led to gains, all down. Around the rest of the continent the picture has largely been the same as concerns over Italy, ‘hard’ Brexit and […]
17 Jan 2017 @ 01:58
With European indices largely down today, the CAC 40 is following suite with a loss of 0.62%. France’s benchmark index opened today’s session down on Friday and has slipped slightly further behind since. Italy’s sovereign credit rating was downgraded by Canadian ratings agency DBRS over the weekend, which has acted as a drag on European […]
17 Jan 2017 @ 00:53
The banking and automobile sectors are proving to be the primary laggards today as European indices take a downward turn, with the DAX 30 taking a 0.65% loss into the afternoon having opened down. Today’s main catalysts are the British Conservative government’s policy seemingly heading towards ‘hard’ Brexit, a position expected to be intimated by […]
17 Jan 2017 @ 00:19
The FTSE 100 index has been little changed in London in today’s session, with gains in companies with international exposure offsetting a drop in banks, as the pound tumbled to a three-month low amid concerns that the UK could face a ‘hard Brexit’ from the European Union following last year’s referendum. As of 12:07 GMT, […]
16 Jan 2017 @ 22:15
We seem to be writing the same two narratives on oil price gains and losses most days this years but oil prices have dipped again on the question of whether supply cuts promised by OPEC and their partners in coordinated reductions will prove sufficient to rebalance global inventories. Every other day prices are showing gains […]