November 27th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, as investors cheered the deal on forming a coalition between Germany’s Chancellor Angela Merkel’s conservatives and the Social Democrats. Closer home, the UK third-quarter GDP, government spending and total business investment and CBI survey of retail sales data […]
November 26th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Equities on the retreat Tuesday following softness in Asia overnight and in US markets on Monday which saw the DJIA and S&P500 move off from record highs recorded during the session. Oil prices dropped on Iran’s agreement with six world powers to freeze parts […]
November 21st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, tracking overnight losses on Wall Street, after minutes from the US Federal Reserve’s October policy meeting indicated the US central bank could start to scale back its massive asset-purchase programme in the next few months. Closer home, investors […]
November 20th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Soft start to the European trading session as the market awaits high profile US economic data and the Fed’s meeting minutes from the October policy meeting for more clues over the health of the world’s largest economy. Overnight, we had a mixed session in […]
November 19th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Stocks again this morning on the soft side as Asian markets tick lower overnight, adding some of the pressure. Overnight in the US, the Dow and S&P500 rose to fresh highs, above the 16,000 and 1800 levels respectively but settled lower. Worth noting that […]
November 15th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. The Yellen inspired pro-accommodative monetary policies rally petering out Friday despite new record high close in the US for the S&P500 overnight and upbeat Asian market session too. There’s a sober realisation that the euro zone’s growth prospects are not as bright as previously […]
November 14th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Pro-stimulus prepared remarks by Fed head nominee Janet Yellen sparked a rally on Wall Street overnight, helping lift Asian share markets which were further supported by Japan’s Q3 GDP reading showing the economy expanded at an annual pace of 1.9% during the period, ahead […]
November 12th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Stocks are softer this morning despite the firmer session on Wall Street overnight with the DJIA hitting another record close. US economic fundamentals appear better placed, helping equities and the US dollar but speculation that we are in for tapering next month is mounting, […]
November 11th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened mostly lower today, as investors avoided strong bets amid expectations that the US Federal Reserve might scale back its economic stimulus program earlier than expected and after a rise in China’s annual inflation fuelled speculation that Chinese central bank would […]
November 7th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened slightly lower today, as investors observed caution before the monetary policy decisions from the European and UK central banks, scheduled today. Investors also eyed the third-quarter US GDP and jobless claims data, due today, to determine the US Federal Reserve’s […]
November 4th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, amid mounting speculation that the ECB may slash its interest rates at its policy meeting, due tomorrow. Further, investors eyed Eurozone investor confidence data along with manufacturing PMIs from the Eurozone, Germany, France, Italy and Spain, due later […]
October 30th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened mostly higher today, as yesterday’s subdued US economic data increased optimism that the US Federal Reserve would keep its bond buying programme unchanged at its policy meeting. With no release of major domestic economic data during the day, investors eyed […]
October 28th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, helped by a rally in the Asian markets as investors grew more optimistic about a likelihood that the Fed monetary measures would be persisted with, ahead of the Federal Reserve’s two-day policy meeting due tomorrow. Closer home, investors […]
October 22nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as growing concerns over rising bad loans in China’s biggest banks and data showing a surge in China’s benchmark money-market rate, overshadowed optimism that the US Federal Reserve might maintain its stimulus measures for an extended period of […]
October 22nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened mostly lower today, as investors played safe and looked forward to the release of much anticipated US payroll data that is expected to shed some light on the US Federal Reserve’s monetary stimulus outlook. Closer home, investors eye UK public […]
October 18th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Brighter session in Europe this Friday after stronger China growth data figures together with the S&P500 overnight closing at a record high. Traders on Wall Street responded with relief over the temp fix to America’s fiscal situation, kicking equity markets higher. Asian share markets […]
October 17th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets a little more sober versus the cheerful Asian and US markets overnight after the 11th hour deal in Washington to lift the debt limit and re-open the government. European traders know all about policymakers kicking cans down the road, patching up problems […]
October 16th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Soft start for European share markets as investors remain fixated with noises out of Washington over a deal to avert a potential US default on Thursday. Across other asset classes; gold is up 12 bucks, living up to its safe-haven label, core government bonds […]
October 15th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets opened higher today, mirroring gains in the US and Asian equity markets, amid indication that the US lawmakers might soon reach a deal to increase debt limit and put an end to the partial Government shutdown. Closer home, investors await the release […]
October 14th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Find us on social media to be kept up to date with the latest ETX Capital news: Facebook: https://www.facebook.com/#!/ETXCapitalGroup Twitter: https://twitter.com/#!/etxcapital LinkedIn: http://www.linkedin.com/company/445425?trk=tyah ETX Capital’s RSS site: http://my.etxcapital.co.uk/ Related Posts:US CPI data unlikely to ease sticky inflation worries, but… April 8, 2024 US CPI […]
October 7th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Find us on social media to be kept up to date with the latest ETX Capital news: Facebook: https://www.facebook.com/#!/ETXCapitalGroup Twitter: https://twitter.com/#!/etxcapital LinkedIn: http://www.linkedin.com/company/445425?trk=tyah ETX Capital’s RSS site: http://my.etxcapital.co.uk/ Related Posts:US CPI data unlikely to ease sticky inflation worries, but… April 8, 2024 US CPI […]
October 2nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as concerns over political uncertainties in Italy overshadowed optimism that the US government’s first shutdown in nearly two decades would be short-lived. Closer home, investors await data that is expected to reveal that UK construction PMI rose slightly […]
October 1st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Steady start for European equities despite the partial US government shutdown, the first in 17 years. On Monday, financial markets crumbled as investors booked profits on the combo of political drama in the US and Italy together with month-end and quarter-end position squaring. This […]
September 30th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened sharply lower today, as investors weighed a possible US government shutdown after the nation’s lawmakers struggle to strike deal on the government funding. Meanwhile, speculation that Italian Prime Minister Enrico Letta might bring confidence vote in Parliament further dragged the […]
September 27th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened mixed today, as Kansas City Fed President Esther George’s criticism regarding US Fed’s decision to delay tapering of its $85 billion per month asset purchases along with concerns over ongoing US budget and debt negotiations, offset gains in the overnight […]
September 26th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened slightly higher today, as Federal Reserve Bank of Richmond President Jeffrey Lacker’s pro-stimulus comments more than offset concerns about a US political stalemate which might cause the Government to breach the 1 October 2013 fiscal deadline and risk a government […]
September 25th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as investors traded with caution and avoided large bets, as US lawmakers struggle to reach consensus before the deadline of 30 September 2013, to avoid a Government shutdown. Closer home, investors await the release of CBI’s distributive trade […]
September 24th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened slightly higher today, amid bargain hunting following a two-session retreat. However, gains were kept in check as ongoing political debates regarding the US budget added to worries about a possible US government shutdown. Further, investors were also concerned amid increasing […]
September 23rd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened mixed today, as comments by US Federal Reserve officials hinting at a possible tapering of stimulus in October were offset by news that German Chancellor Angela Merkel won a third term in office in elections over the weekend. A survey […]
September 20th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as investors opted to book their trading profits after a recent rally drove markets to five year highs following the Fed’s decision to postpone a cut in stimulus. With no release of major domestic economic data during the […]
