Daily market commentary: The US dollar is staging a slow comeback LeapRate

June 18, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar is staging a slow comeback

EUROPEAN SHARES European share markets opened mostly lower on Thursday, following a similar trend overnight in Asia, as investors’ appetite for risk loses momentum. This decreasing interest towards riskier assets came after there were rises in infections in more and more locations, sparking fresh concerns about the economic recovery. Even if the recent reassuring macro…

June 17, 2020 BY Valentina Kirilova

Daily Market News: Markets continue to bounce, US retail sales jump 18% in May

What to watch National Grid: Compared to the wider market of London-listed stocks, it has been smooth sailing for National Grid in 2020 so far. The firm’s share price is close to breakeven for the year, and has essentially been flat for months. National Grid reports its latest set of quarterly earnings on Thursday. Currently,…

June 16, 2020 BY Valentina Kirilova

Daily Market News: Stocks stage comeback after Fed extends bond buying

What to watch Oracle: Software firm Oracle provides database and cloud services to businesses, and has been shifting its business towards a subscription model for years. Its share price is flat year-to-date, following a 24.7% rally over the past three months. The firm notched a significant recent win in April, when it won a cloud…

June 16, 2020 BY Valentina Kirilova

Daily market commentary: The dollar remains under pressure

EUROPEAN SHARES European shares traded significantly higher on Tuesday, with similar gains on both Asian stocks and US futures on the S&P 500. This bullish trading stance took hold during yesterday’s US session when both the Fed and Washington tried to reassure investors against rising virus numbers. While the Fed will start buying corporate bonds…

June 15, 2020 BY Valentina Kirilova

Weekly data preview: more losses for shares; covid’s second wave feared

Key data points Bold indicates the most important release for this symbol. Tuesday 16 June, 20.30 GMT: API crude oil stock change (12 June) - previous 8.4 million Wednesday 17 June, 14.30 GMT: EIA crude oil stock change (12 June) - previous 5.72 million Friday 19 June, 17.00 GMT: Baker Hughes oil rig count (19…

June 15, 2020 BY Valentina Kirilova

Daily Market News: Stock markets slide as infection rates in China and US spike

Bank governor says central bank ‘ready to take action’ after GDP contraction Over the weekend, following a week in which the FTSE 100 fell by just shy of 6% and it was revealed that the UK economy shrank by 20.4% in April, Bank of England governor Andrew Bailey said that the central bank is “ready…

June 15, 2020 BY Valentina Kirilova

Daily market commentary: The trend for oil has changed again

EUROPEAN SHARES European stocks drifted lower at the opening on Monday, extending losses registered earlier this morning by Asian benchmarks, as the appetite for risk assets decreases. This risk-off mood, initially triggered last Thursday by fears of a second virus wave, has been confirmed over the weekend after a rise in the number of new…

June 12, 2020 BY Valentina Kirilova

Daily Market News: Stock markets give up weeks of gains in major sell-off

What to watch June consumer sentiment: On Friday, the Michigan Consumer Sentiment Survey will be released in the US, with economists anticipating that the index will tick up to 75 for the month, from 72.5 in May. Remember, the figure being reported does not include the impact of yesterday’s market selloff, when fears of a…

June 11, 2020 BY Valentina Kirilova

Daily Market News: Fed not expecting to raise rates until end of 2022

OECD says UK will be hardest hit major economy Following a sharp sell-off yesterday, London-listed stock indices continued falling on Wednesday after the OECD warned that the UK is likely to be the major economy hardest hit by the pandemic. The OECD anticipates the UK economy will sink by 11.5% in 2020, worse than contractions…

June 10, 2020 BY Valentina Kirilova

Daily Market News: Morgan Stanley CEO upbeat as market awaits Fed announcement

Sharp pullback for UK stocks in face of new data The FTSE 100 and FTSE 250 sank sharply yesterday, with both indices losing 2.1% apiece, leaving London-listed stocks stuck in correction territory while US shares are creeping past the breakeven point year-to-date. Investors had multiple data points to digest, including information from the British Retail…

Tag: forex

Daily market commentary: The US dollar is staging a slow comeback

Daily Market News: Markets continue to bounce, US retail sales jump 18% in May

Daily Market News: Stocks stage comeback after Fed extends bond buying

Daily market commentary: The dollar remains under pressure

Weekly data preview: more losses for shares; covid’s second wave feared

Daily Market News: Stock markets slide as infection rates in China and US spike

Daily market commentary: The trend for oil has changed again

Daily Market News: Stock markets give up weeks of gains in major sell-off

Daily Market News: Fed not expecting to raise rates until end of 2022

Daily Market News: Morgan Stanley CEO upbeat as market awaits Fed announcement

Nordnet AB Selects Broadridge Shareholder Disclosure Solution

HKEX Announces New and Returning Board Members Appointed by Hong Kong Government

AustralianSuper Fined $27 Million After ASIC Investigation

ATFX Integrates BlackArrow to Enhance Trading Capabilities

Citi, HSBC, Morgan Stanley and RBC Fined by UK Competition and Markets Authority