August 2nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, as yesterday’s upbeat data on US jobless claims and manufacturing sector activity boosted optimism about an improvement in US economic activity. However, gains were kept in check, as investors eyed US non-farm payrolls and factory orders data, […]
August 1st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Comfort over the Federal Reserve’s dovish attitude on US monetary policy staying accommodative together with a surprise uptick in Chinese PMIs have buoyed risk assets in Europe. With the Bank of England and European Central Bank likely to announce uneventful policy decisions [no change […]
July 31st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened mostly lower this morning, as investors awaited the monetary policy statement from US Federal Reserve, to get further clarification on the central bank’s stance on its stimulus measures. Meanwhile, tomorrow’s policy meetings of the ECB and BoE will also be […]
July 30th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, tracking gains in Asian markets and as investors shifted their focus to earnings updates and a two-day Fed policy meeting that starts later in the day. Meanwhile, the IMF approved a loan tranche worth €1.72 billion for […]
July 24th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened slightly higher this morning, following some upbeat US corporate earnings results and as investors bet that today’s release of Eurozone manufacturing and services PMI would reveal an improvement. However, a contraction in China’s manufacturing PMI kept gains in check. Closer […]
July 23rd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, as disappointing US home sales data buoyed hopes of continued monetary stimulus from the US Federal Reserve in the near future. Meanwhile, investors would keep a close eye on corporate earnings to get hints about the market’s […]
July 22nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist A sharp rally in gold prices overnight with the yellow metal hitting a high of $1.319.70, provides European share markets, particularly precious metal stocks, with a degree of support early Monday. Asian shares were mostly mixed with Japanese stocks losing a bit of momentum […]
July 18th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Visit http://www.etxcapital.co.uk/ Find us on social media to be kept up to date with the latest ETX Capital news: Facebook: https://www.facebook.com/#!/ETXCapita… Twitter: https://twitter.com/#!/etxcapital LinkedIn: http://www.linkedin.com/company/44542… ETX Capital’s RSS site: http://my.etxcapital.co.uk Related Posts:Video market update for April 08, 2024 April 8, 2024 Potential for the […]
July 17th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Fed chairman Bernanke’s testimony to US Congress turning out to be the key-risk event over the next two session, prompting both the bulls and bears to avoid building too much risk exposure. Stocks on Wall Street fell on Tuesday and Asian markets were mixed […]
July 16th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist A subdued but mildly positive start for European share markets this morning as investors gear up for a torrent of economic data together with testimony to US Congress by Federal Reserve chief Ben Bernanke on Wednesday and Thursday. Risk sentiment remains broadly supportive with […]
July 15th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist A sigh of relief for investors in Europe this morning as Chinese GDP comes in at 7.5% for the second quarter of 2013, in line with expectations. That being said, the figure does confirm that the country is facing a considerable slowdown with this […]
July 12th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Stocks edge up in Europe, posting mild gains but upside momentum curbed by China’s finmin slapping the market by implying that growth in the world’s second largest economy will come in around 7% rather than 7.5% forecasted back in March by the Chinese. These […]
July 11th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Ben Bernanke, chairman of the Federal Reserve, sparked a sharp rally across stocks and bonds late Wednesday in the US after saying that monetary policy will remain highly accommodative for the foreseeable future. Asian markets responded in a relief rally overnight which saw the […]
July 10th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Stock markets are pausing for breath this morning following bumper gains since the start of the week. That said, equities remain broadly supported thanks to the improved sentiment in global markets which sees investors being able to shake off bad news such as S&P’s […]
July 8th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Stocks in Europe jumped higher at the start of Monday’s session, propelled by Wall Street’s late advance on Friday as investors digested the solid US monthly jobs report. Reaction to the report was dramatic; stocks on both sides of the Atlantic rose after the […]
July 5th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened mixed this morning, following the previous session’s rally, as investors looked ahead to the release of US nonfarm payrolls data, which might throw further clarity on prospects of the US Fed scaling back its monetary policy measures. Meanwhile, the IMF […]
July 4th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Tentative gains for European markets Thursday with investors gearing up for policy meetings by the Bank of England and the European Central Bank together with debt auctions by Spain and France. Political instability in Portugal and the fluid situation in Egypt after Morsi was […]
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 […]
