Asian markets are tracking the losses on the back of rotten commodity sell off which we experienced over in the US. Stockpiles have only way to go when it comes to crude oil and traders just want to have short positions. The official figures from the US have shown that the stock pile build has inflated nearly four times as compared to the market expectations. So much about the rig count index, which has shown that rigs have going offline since the sell off has started for crude two year ago. Over in the US, the price of crude touched two and half years low on the back of the stockpile build.اقرأ المزيد
All eyes are focused towards the upcoming US Non Farm Payroll data which is due on Friday. The economic data released on Wednesday have shown strength as the ADP employment number has shown some signs of encouragements. The data came in at 182K while the forecast was for 183K. The reading for the previous month…اقرأ المزيد
Asian markets are building further gains today on the back of a positive run which we had on Wall Street yesterfay. Crude oil was very much under the focus after the stellar rally. The move was primarily based on the back of the speculations that perhaps the supply will be disrupted due to the ongoing…اقرأ المزيد
RBA Kept Interest Rate Unchanged | US sentiment helped Asian Markets | UK Construction PMI data under focus
US markets had another blockbuster day yesterday and the stock market closed higher with a gain of nearly one percent. The sectors which were responsible for pushing the markets higher were healthcare and energy. The Dow Jones index was also wearing the green blanket and firmly in a positive territory for 2015. The S&P500 and…اقرأ المزيد
US futures are trading lower this morning as traders are angst about the never ending growth slowdown saga in China. Any headline which is printing weak economic reading has only two questions attached to it. Firstly, if the People bank of China will do more to stop this anaemic growth? Finally if that will work…اقرأ المزيد
European markets are set to open higher on the final trading day of the week as traders are digesting news from different central bankers.
The FTSE 100 index is set to open higher with a gain of 12 points. Similarly, the CAC40’s futures are trading higher by 15 points and Germany’s DAX index is also set to open higher with a gain of 49 points.