December 25, 2014 – Indices News European markets finished mixed yesterday. The DAX remained closed for Christmas Eve and the CAC 40 & FTSE traded for half a day. The CAC 40 lost 0.45% after data showing that the number of people seeking employment rose to a record high. The FTSE 100 closed 0.18% higher led by Smith & Nephew […]
December 25, 2014 – Stock Market News While Pfizer has not made any direct mention of purchasing AstraZeneca, they had a lot of interest in the drug company’s projected earnings. Further, there has been no express announcement that they will not be sniffing around to buy AstraZeneca in the coming months. AstraZeneca, in the meantime, […]
December 25, 2014 – Commodities News Gold Yesterday, Gold dropped back towards $1,170/ounce. The Price of the yellow metal experienced a week steep fall as investors sold their positions as a hedge to inflation, which is lower due to low oil prices. The commodity is under pressure as U.S. data has been consistently strong, supporting […]
December 25, 2014 – Forex News Hot asset for today: EUR/USD EUR/USD Yesterday, the EUR/USD pair remained low and traded between 1.2165 and 1.2220. The pair dropped on the back of strong U.S. Final GDP data which showed a very impressive increase of 5%, higher than the expected 4.3%. The pair traded choppy as volatility […]
December 24, 2014 – Daily Market News Today’s Hot Assets: Gold, Oil U.S. markets reached record levels again after the GDP report showed the economy to expand by its fastest pace in 11 years, gaining 5% over the last quarter. The S&P 500 closed at 2,082.17, the 51st record close this year. The Dow Jones […]
December 24,2014 – Stock Market News Despite shining successes in its debut in the US’s stock markets, Alibaba is not without its own brand of difficulties. Alibaba had to remove more than 90 million listings from more than 100 thousand vendors, due to counterfeiting and intellectual infringement in order to maintain its reputation. Hundreds of […]
December 24, 2014 – Indices News U.S. markets reached record levels again after the GDP report showed the economy to expand by its fastest pace in 11 years, gaining 5% over the last quarter. The data reaffirmed economic improvement and underlined investor confidence. The S&P 500 closed at 2,082.17, the 51st record close this year. […]
December 24, 2014 – Forex News EUR/USD Yesterday, the EUR/USD traded with low volatility throughout most of the Asian and European sessions. The Euro then weakened after the Greek parliament failed to elect a new President after a second round of voting. Traders will now watch a final vote taking place on December 29. If […]
European markets have opened higher today, amid optimism over the US economy. Trading volumes are likely to be light today, with European markets open for just a half day ahead of the festive holidays. With no domestic economic releases scheduled today, traders will eye weekly jobless claims data in the US for further cues. Related […]
December 23, 2014 – Daily Market News Today’s Hot Asset: USD U.S. markets continued to climb reaching record levels once again. With volatility declining and fewer events to spur the market, traders continued to trade with the FOMC statement in mind. At session close, the S&P 500 was 0.38% higher at 2,078.54. This was its […]
December 23, 2014 – Indices News U.S. markets continued to climb reaching record levels once again. With volatility declining and fewer events to spur the market, traders continued to trade with the FOMC statement in mind. The Federal Reserve offered an optimistic view of the economy and sparked speculation that interest rates could be hiked […]
December 23, 2014 – Stock Market News The fact that so many fast-food companies have managed to remain decisively ahead of McDonald’s should be a warning to the fast food giant. Despite revamps in its menus to try – unsuccessfully – to break the negative associations with obesity and health issues, McDonald’s is still behind […]
A holiday hush settled over Asian markets on Tuesday after Wall Street closed at historic highs while oil prices recouped a small percentage of the losses suffered when Saudi Arabia quashed all thought of curbing supply. U.S. stocks rose for a fourth straight session on Monday, with both the Dow and S&P 500 ending at […]
December 23, 2014 – Forex News Hot asset for today: EUR/USD EUR/USD Yesterday, the EUR/USD ranged in a channel of just 60 pips. The price has already tested its support at 1.2215 three times. If it tests this level again, we may see a break out. Higher volatility is expected today as important data will […]
European markets have open firmer today, tracking overnight gains on Wall Street. Later today, market participants will keep a tab on final third-quarter GDP data along with reports on current account balance and mortgage approvals in the UK. Furthermore, a raft of US macro data, including final GDP, durable goods orders, Reuters/Michigan consumer sentiment and […]
December 22, 2014 – Daily Market News Today’s Hot Assets: Oil, Gold U.S markets finished the week higher, gaining for a third session. Investors continued to react to the FOMC statement and press conference At market close the S&P 500 was 0.46% higher at 2,070.65 and the Dow Jones was 0.15% higher at 17,804.80. Asian […]
December 22, 2014 -Stock Market News Starbucks nailed it this holiday season, expecting to reach record gift card sales this holiday season. They offered two simple promotions; the first involved diversifying their gift-card appearances to accommodate a variety of holidays with varieties of artwork. In addition, they offered a promotional raffle, the prize being a […]
December 22, 2014 – Indices News U.S markets finished the week higher, gaining for a third session. Investors continued to react to the FOMC statement and press conference. Hints were made that the interest rate could be raised as soon as April 2015, however, Yellen reassured the market that any changes would be slow and […]
December 22, 2014 – Forex News Hot Asset for Today: EUR/USD EUR/USD The EUR/USD declined at the end of the week following the FOMC statement and Press conference. The statement itself was balanced but Yellen’s comments during the conference were taken as hawkish. She hinted that the rate hike could occur as soon as April […]
December 22, 2014 – Weekly News EUR/USD Last week, the EUR/USD unexpectedly climbed above 1.2550 following the release of strong data. The German ZEW Economic confidence tripled the previous months figure and the European ZEW Economic Sentiment also almost tripled the previous figure. The data showed that conditions in Europe are improving. Later in the […]
What’s Up Brent Crude – Brent Crude is up by 2% this morning, boosting energy shares across the FTSE. Tullow Oil, always sensitive to oil fluctuations, is currently up by more than 2%, as are both BP and RDS. The FTSE itself is currently up by around 0.93%, while the DAX is up by 0.73% […]
European markets have open in positive territory today, buoyed by a rebound in oil prices. However, markets are likely to remain cautious on political developments in Greece after the Greek Prime Minister offered to bring pro-European independents into the government and hold elections in late 2015 if lawmakers support him to elect a new President. […]
December 19, 2014 – Stock Market News Google are entering the Auto business. They plan to create vehicles running on Android allowing users to access apps, music and maps directly through their car. If successful, Google could control a new market and benefit from data collected by the car such as fuel usage, GPS location, […]
December 19, 2014 – Daily Market News Today’s Hot Asset: CAD Markets continued to react to Wednesday’s FOMC statement and press conference. The S&P 500 closed 2.4% higher, jumping 48.34 points to 2,061.23. The Dow Jones closed 2.43% higher, jumping 421 points to 17,778.15. Asian markets also rallied. The Nikkei closed 2.39% higher as the […]
December 19, 2014 – Indices News Markets continued to react to Wednesday’s FOMC statement and press conference. The Fed reaffirmed that the current rate of 0- 0.25% is appropriate and that any change will be reliant on future data. If the market continues to improve at a faster rate, it is likely that the rate […]
December 19, 2014 – Forex News Hot asset for today: EUR/USD EUR/USD Yesterday, the EUR/USD continued to decline and dropped below 1.2300. The downwards momentum was caused by Wednesday’s FOMC statement. The report did not specify a date for the interest rate hike but the market still took the report as hawkish. No important data […]
Asian shares enjoyed their best day in 15 months on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to withdraw stimulus from the U.S. economy. The gains came even as oil stayed under pressure, suggesting equity investors were beginning to see the […]
European markets have open in the green today, extending previous session gains as investors continued to cheer the Federal Reserve’s commitment of taking a “patient” approach in lifting interest rates. Earlier today, the Bank of Japan kept its monetary policy steady. Closer home, the Gfk report revealed that morale amongst consumers in the UK dropped […]
December 18, 2014 – Stock Market News Sony Pictures have cancelled the release of ‘The Interview’ after chains decided not to screen the film. The decision comes after Sony was hacked and terror threats were made against theatres. The film depicted the assassination of the leader of North Korea, Kim Jong – un and it […]
December 18, 2014 – Indices News The FOMC statement was released yesterday. The Fed stated that the economy continues to expand at a moderate pace but inflation is still below target, partly due to declining energy prices. They reaffirmed that the current rate of 0- 0.25% is appropriate and that any change will be reliant […]
