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 […]
May 10th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European stock markets continued to advance on Friday with key indices posting fresh highs for the year, the FTSE100 firmly above the 6600 level, the DAX now above 8300 while US stock futures indicate a firm open this afternoon despite the lack of economic […]
May 9th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Stock markets are pausing for breath today after racking up fat gains over the past few sessions which has seen the DAX in Germany print new all time highs, the FTSE100 in the UK edging closer to the 6600 level, not too far off […]
May 7th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened mixed this morning and continued to consolidate the previous week’s gains, amid caution ahead of first-quarter earnings by some of Europe’s largest banks. Meanwhile, the BRC reported that its shop price inflation index in the UK fell to a three-and-a-half […]
May 3rd 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened mostly mixed this morning, as investors awaited the release of US non-farm payrolls data to get clarity over the picture of job growth. Meanwhile, economists expect the UK services PMI index to remain unchanged at reading of 52.4 in April […]
April 1st 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, as investors awaited the outcome of the Federal Reserve’s two-day meeting which is expected to throw clarity over the stance on monetary policy. However, gains were muted, in the wake of thin trading as many markets in […]
April 30th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, as investors speculated that meetings of US Federal Reserve and the ECB this week will confirm continuation of loose monetary policies. Meanwhile, the new Italian Government headed by Prime Minister Enrico Letta will face a confidence vote […]
April 29th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, as the appointment of Enrico Letta as the new Prime Minster of Italy ended the political impasse surrounding the nation for the past two months. Meanwhile, at a debt auction today, Italy aims to sell €2.0-€3.0 billion […]
April 26th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened lower this morning, as investors preferred to wait on sidelines ahead of the release of the US GDP data for the first quarter, slated to be released later during the day. Stocks also came under pressure as the Bank of […]
April 25th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened mostly mixed this morning, as investors took a breather following strong gains made in the past two sessions and ahead of a busy day for company earnings. Meanwhile, ahead of the release of the first quarter UK GDP, majority of […]
April 24th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Strong gains overnight in US and Asian markets together with mounting speculation over an ECB rate cut next week provide support to European markets this morning. However, traders are cautious ahead of German IFO survey due soon which is expected to show weakness in […]
April 22nd 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, tracking gains in Asian markets, after investors interpreted an absence of criticism by G20 nations for the Japanese stimulus polices as support for the same. Meanwhile, IMF Managing Director Christine Lagarde downplayed fears that Slovenia is set […]
April 19th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, tracking gains in Asian markets, and as buying interest emerged among investors following steep losses earlier this week. However, investors remain cautious, ahead of the outcomes of the G-20 meeting in Washington and the third round of […]
April 16th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened lower this morning, extending their losses to a third straight session, as global growth concerns, a heavy sell-off in commodities and two explosions at the Boston Marathon hampered investor sentiment. Meanwhile, investors are expected to keep a close eye on […]
