EUROPEAN SHARES Shares slid lower in Europe on Monday following a mixed trading session in Asia overnight after new virus cases were spotted in Australia, the US and Germany during the weekend. Market sentiment remains uncertain towards risk assets as coronavirus fears continue to grow while volumes keep on decreasing as more and more traders…
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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…
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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…
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Cable, four-hour Having made a fresh three-month high around $1.275 overnight, the pound has now retreated somewhat against many currencies today including the dollar. More news of the UK’s lockdown being eased is awaited, and a general weakening of “risk on” so far today has weighed on the pound somewhat. No real progress was made…
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EUROPEAN SHARES European shares were little changed on Tuesday with this week’s consolidation phase continuing ahead of tomorrow’s Fed meeting. Even if the strong bullish pace on equity markets slowed significantly this week, the lack of sharp downside corrections prevents the current trend from being really threatened. This lateral tone in the very short-term is…
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OIL The oil price has started the new week in green as investors are celebrating the deal reached by OPEC+ over the weekend. The WTI price for both July and August expiry has now reached and surpassed the psychological threshold of $40, while the general sentiment remains positive as markets are betting on a quick…
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OIL Risk-on is still the main story on stocks markets as investors are betting on a quick recovery of economies. This scenario, in conjunction with expectations for an extension of the cut by OPEC, is lifting oil. Moreover, the API released figures yesterday announcing a modest but surprising draw of half million barrels in the…
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EUROPEAN SHARES European stock markets opened significantly higher, following the trend established overnight in Asia, as investors start the week on a renewed tone of optimism. Traders who took a bit of profit at the end of last week on grounds of growing uncertainty sparked by deteriorating US-Sino relationships were relieved to see President Trump…
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EUROPEAN SHARES Shares opened lower throughout Europe as uncertainty rises ahead of what may prove to be an eventful day. Even if simmering Sino-US tensions are nothing new to investors, the relationship between the two blocs has now become the biggest source of uncertainty to markets. President Trump is set to hold a press conference…
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GOLD The gold price rebounded after the ECB issued a new stimulus proposal. We are seeing an interesting challenge between the risk on scenario, which is dominating the markets and it is overall negative for bullion, and the hyper expansive monetary policies from central banks, which are supportive for the bullion price. Technically, after a…
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