China Wobbles as Fed Eyes Hike Morning Report: 07.00 London • This morning, world stock markets are nipping back slightly after powerful gains yesterday. This comes amid increasing uncertainty around China as emerging market currencies hit 14 year lows. • The dollar index […]
Stocks Recover Early Wobble Morning Report: 07.00 London • This morning, stock markets in China have pared early losses, with the S&P pushing back towards the 200 period moving average. • The dollar index is unchanged as euro losses balance against dollar […]
Euro Rallies as Dollar Retreats Morning Report: 07.00 London • This morning, the S&P 500 is on the front foot, while the dollar retreats – a divide that appears to be corresponding with a general ‘risk-on’ trend across the board. […]
Greece Passes Debt Vote – Markets Yawn Morning Report: 07.00 London • This morning, commodities continue to struggle after Chinese PMI came in below expectations. Gold is on the back foot and testing the Monday lows. At the same time, oil continues to sit below the $50 marker. […]
Greece Passes Debt Vote – Markets Yawn Morning Report: 07.00 London • As a further sign of market’s indifference to the Greek crisis over the last two weeks, the Greek parliament passed their debt deal without a ripple of reaction over night. The EUR/USD has nudged higher slightly, but otherwise the euro remains trendless. […]
Markets Stumble as Apple Fails to Impress Morning Report: 07.00 London • This morning, markets are on the back foot after Apple’s results failed to fizz last night. Such is the size of the tech giant that its results can set the tone for all markets. […]
Dollar Holds Highs Ahead of Fed Morning Report: 07.00 London • This morning, both the dollar and the S&P 500 continue to rise on hopes for a goldilocks situation for the US economy whereby the economy improves steadily without too rapid an increase in rates. […]
Gold Collapses on Fed Hike Speculation Morning Report: 07.00 London • This morning, Gold has hit a five year low of $1,070 before recovering to above $1,000. The move has been put down to speculation over a US rate hike, but this is unlikely to be the only catalyst with the dollar barely moving this morning. […]
Grexit Back On The Menu Morning Report: 07.00 London • Wariness over the latest Greek deal continues, with German finance minister Wolfgang Shauble indicating that a voluntary departure from the eurozone “could perhaps be a better way” for Greece rather than the proposed bailout. This comes amid increasing speculation that the latest deal is self defeating and unlikely […]
Dollar Drives Higher On Yellen Comments Morning Report: 07.00 London • This morning, the US dollar continues to dominate after comments from Fed chair Yellen that interest rates could rise sooner rather than later. • The dollar pairs moved in line with this […]
Aussie Rallies on China GDP Boost Morning Report: 07.00 London • This morning, the Australian dollar is leading markets higher after Chinese GDP came in above estimates at 7%. • The euro is still wobbly after news leaked of the IMF demanding a […]
Euro Steady After Euro Agreement Morning Report: 07.00 London • The only people who appear to be happy with the Greek bailout deal are European officials, with many analysts and the Greek public unhappy with the draconian measures in place. As ever with developments in Europe, it is wise to wait for the fallout from any […]
Greece on the Brink (again). Euro Holding Morning Report: 07.00 London • It’s now a familiar refrain – Markets wake late Sunday night to the news of more trouble for Greece. Markets gap lower at the open then stage some sort of recovery before bimbling around for the rest of the weekend for the next round […]
Euro Pushes On as Latest Deadline Approaches Morning Report: 07.00 London • This morning, the risk on/ risk off barometer is tilting towards the positive as hopes rise of a Greek deal that includes some form of debt relief. The dollar index is on the back foot, while the S&P 500 creeps higher. […]
Pound Sends Message On Budget Morning Report: 07.00 London • This morning, the pound is still wobbly after heavy selling yesterday following the summer budget. Market traders evidently found items to dislike, sending the pound crashing down against the yen and other currencies. […]
Pound Stumbles on Budget Day Morning Report: 07.00 London • This morning, stock market futures are selling off heavily as the Greek crisis twists and turns. Perhaps of greater concern is the near meltdown in Chinese stocks – a theme that is putting fear into all corners of the globe. […]
Markets Rally Despite Greek Stalemate Morning Report: 07.00 London • Stock market futures are shaking off the Greek malaise and furthering yesterday’s rally off the lows. Quite where the referendum result will leave Greece and the euro is still anyone’s guess, but markets appear to be confident that Eurogeddon is to be avoided (for now). […]
Greece Votes No. Armageddon Doesn’t Happen Morning Report: 07.00 London • This morning, markets are reacting to the ‘no’ vote issued by the Greek public on Sunday. Despite warnings from European officials of dire consequences, the world has not yet come to an end as a result. The reaction is less than we might expect given […]
Chinese Markets Lead Decline Morning Report: 07.30 London • This morning, Chinese markets were under pressure after HSBC services PMI came in well below expectations. The Australian dollar has been hit due to its close Chinese links, with poor retail sales data not helping. […]
Euro Higher Despite Greek Confusion Morning Report: 07.30 London • Confusion reigns in Greece over whether Tsipras has capitulated to creditor demands and whether the weekend’s referendum will go ahead or not. There were conflicting signals yesterday, but markets seem a little more steady this morning, with the euro trading higher across the board. […]
Aussie Rallies as Euro Stews Morning Report: 07.30 London • This morning, the euro remains on simmer as the latest moves and counter moves play out between Greece and creditors. • The big mover this morning is the Australian dollar after ‘good […]
Euro Rebounds – Markets Remain Cautious Morning Report: 07.30 London • The euro is holding steady, with a negative bias after a spectacular rebound yesterday. Markets remain cautious however as they respond to the wider risk-off implications of the weekend terror attacks in addition to the risk posed by a Greek default/euro exit. […]
Greece on the Brink – Euro Plunges 1% Morning Report: 07.30 London • Equity futures and risk markets have sold off heavily after a weekend of turmoil in Europe. While the Greek decision to extend capital controls and plan a referendum have hit markets hard, the terrorist attacks across Europe are also weighing heavily on sentiment. […]
Euro Holds Firm, Traders Hold Breath Morning Report: 07.30 London • Greece supposedly enters its last chance saloon on Saturday, but we’ve heard this before and markets are currently confident of a deal being done. The euro is on the back foot, but remains relatively steady given the circumstances. […]
Euro Stable As Negotiations Crawl Morning Report: 07.30 London • This morning, the dollar is nipping back slightly after three days of gains this week. By contrast, the S&P 500 is on the rise after heavy selling yesterday. • The euro is […]
Euro Survives Another Day Morning Report: 07.30 London • This morning the euro is steady after heavy selling yesterday on the back of Greek niggles. Markets are confidence a short term deal will be done, but the long term problems are still not being addressed (ad infinitum). […]
Greece – Just as One Deadline Passes…. Morning Report: 07.30 London • There was some positive movement in the Greek negotiations in the form of a slight climb down from the Tsipras government. However, all this has done is rolled negotiations over to a new deadline with nothing concrete on the table yet. The “this time […]
Euro Indifferent to Fate of Greece Morning Report: 07.00 London • Thursday saw much excitement over a supposed leak from German paper Zeit which claimed that a major concession had been given to Greece with a further extension (possibly excluding the IMF). This was in turn denied by EU diplomats, but the Euro still held up […]
Dollar Holds Highs Ahead of Fed Morning Report: 06.00 London • This morning, markets are reacting to a relatively dovish FOMC statement and the ongoing melodrama surrounding the Greek debt negotiations. Stock markets have continued their ugly/ volatile trading range. • The Dollar […]
All Eyes On Fed as Grexit Looms Morning Report: 07.00 London • Greece appears to be running out of time and friends, yet the Euro is still standing proud largely thanks to the ECBs quantitative easing according to analytsts. The Euro remains stable this morning despite the lack of progress. […]
