Daily Market News: Gold gaining momentum as US jobless claims top 36 million LeapRate

May 15, 2020 BY Valentina Kirilova

Daily Market News: Gold gaining momentum as US jobless claims top 36 million

FTSE 100 sinks heavily after Fed chair speech, OBR figures London-listed stocks sank sharply yesterday following Federal Reserve chairman Jerome Powell’s downbeat speech in the US on Wednesday. Additionally, in the UK, the Office for Budget Responsibility reported that the cost of government interventions to aid the economy will lead to a budget deficit of…

May 15, 2020 BY Valentina Kirilova

Daily market commentary: European markets show volatility

EUROPEAN SHARES European markets showed volatility as they edged higher on Friday as traders weighed up the mixed data from China overnight. Investors were pleased to see the Chinese Industrial Production topping estimates for April but were disappointed by the drop in Retail Sales which highlighted the weakness of demand in almost every sector, and…

May 14, 2020 BY Valentina Kirilova

Daily market commentary: The US Dollar Index continues to rise

EUROPEAN SHARES European shares drifted lower on Thursday alongside Asian equities and US Futures on the S&P 500 as market sentiment slowly fades. Investors, who were already sceptical about further gains on stocks, have seen their risk appetite slashed by yesterday’s comments from Jerome Powell. The Fed chairman added to the current uncertainty by warning…

May 14, 2020 BY Valentina Kirilova

Daily Market News: Stocks fall after Fed chair Powell gives uncertain outlook

What to watch Brookfield Asset Management: Alternative investments giant Brookfield reports its Q1 2020 earnings today, investors will be looking for insight into how the firm is deploying assets to make opportunistic acquisitions during this volatile period. This week, the firm announced that it is setting up a $5bn fund to take stakes in struggling…

May 13, 2020 BY Valentina Kirilova

Daily market commentary: The pound is making gains versus the euro and the dollar

GOLD Volatility on gold remains modest with the spot price continuing a slow dance just above the threshold of $1,700 while traders await fresh directional input. Despite European stocks in red this morning, investors are not rushing to buy gold, meaning that they don’t see this correction on stock markets as a reaction to April's…

May 13, 2020 BY Valentina Kirilova

Daily Market News: UK economy sinks; Uber looks to take a bite out of rival Grubhub

FTSE 100 gains as furlough scheme extended Large cap London-listed stocks enjoyed a positive day yesterday, with the UK market closing before the US sell-off began. Helping sentiment was the news that the Treasury’s furlough scheme, which is currently funding millions of workers to stay at home, is being extended to October. The Bank of…

May 12, 2020 BY Valentina Kirilova

Daily market commentary: Investors are betting on a V-shaped recovery for economies

OIL Investors are betting on a V-shaped recovery for economies and a similar scenario on oil demand. Moreover, they are seemingly confident that there will be space in Cushing’s oil tanks at the expiries of the contracts in the coming months. All this sounds a bit too optimistic but what we have seen is that…

May 11, 2020 BY Valentina Kirilova

Daily market commentary: More than 20 million jobs lost in the US during April

EUROPEAN SHARES Despite a mixed trading session in Asia, EU share markets ticked higher on Monday as investors digested reassuring virus updates from Italy, France and the UK. Investors who were already betting on the recovery were pleased to see these three European countries registering their lowest death rates since March, ahead of lockdown easing…

May 11, 2020 BY Valentina Kirilova

Daily Market News: Markets point higher as lockdown rules are tweaked in UK

FTSE climbs despite Bank of England warning UK markets were closed on Friday for a public holiday, but the FTSE 100 gained more than 3% between Monday and Thursday, while the FTSE 250 had a positive but more pedestrian week. The shortened week ended on a high, with the FTSE 100 gaining 1.4% on Thursday…

May 08, 2020 BY Valentina Kirilova

Daily market commentary: European equities edge higher

EUROPEAN SHARES European equities edged higher on Friday, extending the significant advance registered yesterday amid rising investor appetite for riskier assets. Market sentiment has been given a fresh boost by a reportedly “constructive” phone call between the US and China yesterday and investors were relieved to hear the two blocs were moving on with the…

Tag: forex

Daily Market News: Gold gaining momentum as US jobless claims top 36 million

Daily market commentary: European markets show volatility

Daily market commentary: The US Dollar Index continues to rise

Daily Market News: Stocks fall after Fed chair Powell gives uncertain outlook

Daily market commentary: The pound is making gains versus the euro and the dollar

Daily Market News: UK economy sinks; Uber looks to take a bite out of rival Grubhub

Daily market commentary: Investors are betting on a V-shaped recovery for economies

Daily market commentary: More than 20 million jobs lost in the US during April

Daily Market News: Markets point higher as lockdown rules are tweaked in UK

Daily market commentary: European equities edge higher

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