July 3rd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Political turmoil in Portugal pushes the country’s 10-year bond yields to climb to 8% for the first time since November 27, sparking fears the country will have to request help from the ECB. Two high profile ministers resigned from Portugal’s government over the past […]
July 2nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Financial markets are pulling-back Tuesday after registering strong gains in the previous session, driven by a pick-up in manufacturing data out of Europe and the US. Despite the poor manufacturing reports out of Asia on Monday [which pressured prices in the Asian session overnight; […]
June 28th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened slightly higher this morning, tracking gains in Asian and US markets and following a breakthrough deal on the Eurozone’s long-term budget and employment at the European Union (EU) summit. Earlier, the Gfk reported that its consumer confidence index in the […]
June 27th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened mixed this morning, after the EU Finance Ministers reached a deal about future bank bailouts and who is liable to pay for them. According to the new rules, shareholders, bondholders and depositors with more than €100,000 should share the burden […]
June 26th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Steady start for European share markets this Wednesday morning with investors welcoming China’s central bank injecting funds into some lenders to prop up their liquidity together with a spate of strong US economic data released in the previous session. Traders put aside tapering fears […]
June 25th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European share markets are rebounding this Tuesday morning, shrugging off declines in overseas markets. The risk-tone has improved somewhat after Dallas Federal Reserve head Fisher attempted to downplay the markets’ reaction to central bank tapering saying was overdone. There was some respite for US […]
June 24th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist A soft start for European financial markets this morning, as traders still ruminate over the implications of Fed tapering QE by year-end together with concerns over a possible liquidity squeeze in China. Share markets in Asian markets overnight fell sharply on worries about stress […]
June 20th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist The Federal Reserve’s chief Ben Bernanke laying out a path to gradually reduce the pace of stimulus by the end of 2013 and end the programme by mid-2014 has sent shockwaves across global risk assets. Equity markets in the US sold off rapidly Wednesday […]
June 19th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Steady start for European share markets Wednesday morning despite respectable gains on Wall Street overnight. Volatility runs high as markets await the FOMC rate announcement and press conference over the central bank’s stance on monetary policy measures. Asian markets were mixed with shares in […]
June 18th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist A mild pullback for European stock markets this morning following modest gains in the previous session with investors adopting caution ahead of the start of the Federal Reserve’s two-day policy meeting with an outcome due Wednesday. Traders are feeling a little less nervous about […]
June 17th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Mild gains for European stock markets this Monday morning, with indices maintaining Friday’s positive momentum helped by Japan’s Nikkei overnight moving above the 13,000 level lending some support. That said, moves to the upside are capped as investors adopt a degree of caution ahead […]
June 14th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Losing a bit of momentum as we head into lunch here in Europe with jobs data from the euro zone reaffirming the dire situation in the 17-nation bloc. EZ unemployment jobless rate is at 7-year lows with the data showing a sharp decline in […]
June 13th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist A rout across global stock markets on heightened fears that global central banks will halt/moderate liquidity measures forces investors to dump risky assets. US stocks fell overnight on these worries and Japan’s Nikkei 225 index slumped 6.4% into bear-market territory, pushing the yen higher […]
June 11th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Hesitant financial markets this morning after the Bank of Japan refrained from boosting stimulus measures, leading the Nikkei to slip 1.4%. The rest of Asia traded lower overnight but shares on Wall Street Monday were supported by S&P raising the US to stable from […]
June 10th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European share markets kick off the week on softer tone despite a strong display by Asian bourses in overnight trade. Asian markets were comforted by Friday’s US nonfarm payrolls but gains were curbed by poor data from China over the weekend which is currently […]
June 7th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist A soft start for European share markets this morning ahead of the eagerly awaited monthly nonfarm payrolls report out later in the day. Traders this morning are clearly quite apprehensive about the upcoming jobs report, adjusting their risk profiles accordingly given the mixed data […]
June 4th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Questions over the effectiveness of “Abenomics” in Japan slapped the Nikkei index in overnight trade, setting the European market up for a weak open this Wednesday morning. Japan’s PM Abe underwhelmed the market with his “third arrow” speech which outlines plans the long term […]
June 4th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist A decline in the ISM manufacturing report from the US on Monday soothed nerves over an immediate withdrawal of liquidity by the Federal Reserve, boosting Wall Street. European stock markets Tuesday morning are reacting accordingly, trading modestly higher following previous session weakness but have […]
June 3rd 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Poor manufacturing numbers out of China and Australia together with another day of hefty losses for the Japanese market combine to weigh on investor sentiment this morning in Europe. China’s HSBC PMI manufacturing index contracted more than expected, in at 49.2 in May from […]
May 31st 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist ETX Capital Daily Market Bite, 30th May, 2013: European Markets Pick Up Pace Ahead Of US Data May 30th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Modest losses for European share markets this morning, which have all deteriorated further since the market […]
May 30th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist A sharp drop over 5% in Japan’s Nikkei index weighs on European markets this morning, while continued concerns over both Fed tapering of QE and slowing global growth remain at the forefront of investors’ minds. Stocks in Europe and the US sold off in […]
May 29th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European share markets have kicked off the session modestly lower, weighed by weakness in the US session overnight as investors interpreted solid US macro economic data [housing and consumer confidence] as a strengthening case for the Federal Reserve to start tapering stimulus in the […]
May 29th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European share markets have kicked off the session modestly lower, weighed by weakness in the US session overnight as investors interpreted solid US macro economic data [housing and consumer confidence] as a strengthening case for the Federal Reserve to start tapering stimulus in the […]
May 22nd 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Soft open for European share markets this Wednesday morning ahead of key economic data and the eagerly awaited Fed minutes together with Fed head Bernanke’s comments. The risk tone improved overnight after Wall Street recorded fresh highs again and Asian markets enjoyed a relatively […]
May 21st 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European stocks are still tossing between mild gains and losses in a choppy session with a lack of meaningful economic data to offer fresh direction. Stock traders are still digesting comments by Fed member Charles Evans overnight; he said the US recovery can be […]
May 16th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European stock markets kick off the week on a brighter note, following another record finish in US markets on Friday and an upbeat session in Asia overnight. Volume today however is on the light side due to Whit Monday holiday in Germany and France […]
May 16th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European stock markets are broadly flat Thursday morning, taking a breather after pouring on gains in the face of poor data from the euro zone and the US in the previous session. Euro zone Q1 GDP, US industrial output and Empire State manufacturing data […]
May 15th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European financial markets have a had a reality check with data out so far this morning. Euro zone GDP contracted by 0.2% on the quarter in Q1, below consensus for a contraction of 0.1%. Germany narrowly avoided a recession but France slipped firmly into […]
May 14th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets are firmer this morning thanks to overnight strength in the Asian session with Japan’s market gaining for a second consecutive day. US stocks fell yesterday but retail sales data beat expectations, propping up Asian markets overnight too. The yen rallied from lows […]
May 13th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European financial markets have kicked off the first session of the week on a softer note following strong gains over the past week with traders now awaiting economic data to act as fresh catalyst for direction. Industrial output and retail sales out of China […]
