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Nikkei 225 Slides to Monday Loss as Asian Indices Fall

16 Jan 2017 @ 20:21
Despite last week closing with European and U.S. indices mainly up after the U.S. banks posted largely positive earnings as Wall Street opened on Friday, Asian indices are largely down on Monday with Japan’s Nikkei 225 sliding 1%. The Hang Seng sustained a similar loss in Hong Kong with Singapore’s STI heading towards the end […]
 

CAC 40 Flat Following Recovery from Morning Dip

11 Jan 2017 @ 02:26
The CAC 40 opened Tuesday slightly up on Monday’s close, which had seen the French benchmark index sustain a loss to start the week. Early gains in the first minutes of trading were then wiped out as the index fell to losses over the first hour of trading as financials took a hit before a […]
 

Tech Giant-Fuelled Nasdaq Gains Masking Underlying Vulnerability in U.S. Equities?

11 Jan 2017 @ 02:03
Monday proved to be a mixed day for U.S. equities with the Dow Jones and S&P falling back by 0.4% each while the Nasdaq struggled to another small gain, up 0.2%. However, with all three major indices opening the week only modestly down on last week’s record closes there is still plenty of optimism that […]
 

DAX 30 Recovers from Morning Dip to Move into Positive Territory as Siemens Soars

11 Jan 2017 @ 00:22
European indices, including the DAX 30, were hit this morning by the struggling oil price and banking sector performance as well as some disappointing news coming out of the likes of Lufthansa yesterday. However, an uptick in oil prices this morning after yesterday’s 4% tumble led to a late morning recovery which is currently holding […]
 

FTSE 100 watch: Uptrend continues as Brexit worries pressure pound

10 Jan 2017 @ 23:46
The UK benchmark index has gained ground, continuing its recent uptrend, finding support in the pullback in sterling prompted by concerns that the UK might face a ‘hard Brexit’. Supermarkets meanwhile have been in demand following upbeat industry data and results by Wm Morrison Supermarkets (LON:MRW) which this morning posted its best sales performance in […]
 

Oil Price Retreats Towards $55 on Monday as Forbes Predicts Another Year of Low Prices

10 Jan 2017 @ 22:24
While oil prices have staged a slight fight back today with Brent crude futures gaining 0.45% by early morning in London, and WTI up 0.5%, Monday saw prices plummet by around 4%. Brent crude is currently trading at around $55.20 a barrel and WTI at $52.222. The market keeps swinging between optimism fueled by the […]
 

ASX 200 New Year Run of Gains Finally Halted on 6th Day as Asian Markets Mixed

10 Jan 2017 @ 20:35
A sluggish session on Wall Street with the Dow Jones and S&P 500 slipping to small losses, while the Nasdaq struggled to a small gain to set another record high combined with falling oil prices and market jitters over the prospect of a hard-Brexit for the UK to dampen spirits over the Asian session. With […]
 

Can the Nasdaq, DJ and S&P 500 Hit New Record Highs this Week?

10 Jan 2017 @ 01:44
With the Nasdaq and S&P 500 hitting new record highs on Friday and the Dow Jones Industrial Average closing just shy of them the question as the year’s second week prepares to open is just how long the Trump rally can go on? Futures are indicating a tendency towards a mixed opening for Wall Street’s […]
 

FTSE 100 watch: Footsie rises as sterling dips amid Brexit comments

09 Jan 2017 @ 23:38
The UK benchmark index has inched higher this morning, outperforming the rest of Europe, with ‘hard Brexit’ concerns pushing the pound lower. In individual movers, Babcock (LON:BAB) has lost ground after Deutsche Bank trimmed its recommendation on the company. As of 12:05 GMT, the FTSE 100 had gained 7.49 points to stand 0.10 percent higher […]
 

Saudi Arabia Budget Predicts 2017 Oil Price Around $60

09 Jan 2017 @ 23:27
Saudi Arabia, the world’s biggest oil producer, has based its national budget on expectations that 2017 oil prices will average somewhere between $55 and $60. The country’s revenue figures are based on an assumption of $55 a barrel at output of 10.1 million barrels a day, which is in line with the OPEC agreement. Budgeting […]
 
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