Market Wrap: Stocks Slips Again , Safe Haven Jump
The Dollar index and the Japanese Yen are back in demand as stocks moves lower. Stocks The S&P 500 Index dropped 0.3 percent as of 15:30 London time. The Stoxx Europe 600 Index fell 0.3 percent on the back of...
Australia Housing Finance Dips on Investors, Smaller Loans
Owner-occupiers (no.) –0.9%mth, –7.9%yr (f/c –1.5%). Investors (value): –4.5%mth, –23.4%yr. Total ex own occ. refi (value): –2.9%mth, –16%yr Housing finance approvals softened in November with weakness concentrated in investor loans and the value, as opposed to the number, of owner...
Pound Climbs As Theresa May Survives No Confidence Vote
Theresa May has seen off another immediate threat to her government, winning a vote of no confidence, launched by leader of the opposition, Jeremy Corbyn. May won the vote by 325 votes to 306, a margin of just 19 votes....
China’s Q4 GDP Growth to Flash Red
China will report GDP growth figures for the fourth quarter of 2018 early on Thursday at 0200 GMT, potentially injecting further volatility to the markets as investors search for more convincing clues on how bad the US-Sino trade war can...
Strong Earnings from BoA and Goldman are Driving Risk Appetite
US stocks are off to good start as Bank of American and Goldman Sachs posted strong earning reports. Bank of America delivered strong results with beats on both the top and bottom line, painting a better picture on the economy...
Brexit Monitor: The Waiting Game – Brexit Edition
As widely expected, PM Theresa May’s Brexit deal failed in the House of Commons. The defeat, however, was bigger than expected, 432 against versus 202 in favour. The first thing to look out for is the Labour’s motion of no...
Pound Pares Losses After May’s Historic Defeat
As was widely predicted, Theresa May’s Brexit deal was crushed in the Parliamentary vote. The House of Commons overwhelmingly rejected Theresa May’s Brexit deal, which briefly sent the pound to the low of the day at $1.2672. The results show...
Gold Subdued, US Inflation Data Disappoints
Gold is almost unchanged in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1291.18, down 0.02% on the day. In economic news, inflation indicators missed their estimates. PPI declined by 0.2%, missing...
Japanese Yen Edges Lower, Markets Eye Kuroda Speech at G-20
USD/JPY has edged higher in the Tuesday session, recovering most of the losses seen on Monday. In the North American session, the pair is trading at 108.47, up 0.29% on the day. In economic news, Japanese Preliminary Machine Tool Orders...
Japanese Yen Edges Higher, US Inflation Data Ahead
USD/JPY has started the week with slight gains. In Monday’s North American session, the pair is trading at 108.31, down 0.19% on the day. It’s a very light day on the release front. The sole Japanese event is M2 Money...
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