Asian markets have shown signs of dullness after a hefty week of gains. Traders have somewhat failed to show their enthusiasm towards another set of stunning economic data released from China. It appears that they have failed to acknowledge that the Chinese GDP number has matched the forecast of 6.7% and instead have paid more attention to the…
اقرأ المزيدEuropean markets are expected to open higher this morning as they are powered by optimism that bank earnings may not be as bad as many were expecting. Is this the same old story under which firms promise less and deliver more? Well looking at JP Morgan’s earnings yesterday, we are not too far from it.…
اقرأ المزيدA strong rebound in energy prices is the power house for the global rally which kicked off last night over in US, and the same optimism filtered into European markets. WTI is back above the 200 day moving average and this has happened for the first time since 2014. It appears that the bond between…
اقرأ المزيدUS markets experienced a heavy sell-off last night, and the picture is not looking any more optimistic this morning either. Concerns about the season’s earnings are very much on investors’ minds. What really worries them is that we might see another disappointing quarter and they are wondering just how bad it can get. Major banks…
اقرأ المزيدRenewed concerns about weak global growth have engulfed traders’ minds once again, and hence why we have experienced another heavy sell-off over in the US. This negativity has filtered into the Asian trading session, and as a result, the Shanghai index fell nearly 0.90% while the Hang Seng index suffered losses of 0.70%. Trader’s appetite…
اقرأ المزيدLast night, the FOMC minutes were enough to push US markets higher once again as the dollar dropped. What many expected or wanted to see did come out in these minutes, but the matter of concern is that Fed members failed to show a solid front and came out looking fragmented. However, traders were of…
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