Market Insights & Analysis

Read our analysts' daily briefings, together with our Market Snapshot reports.

29 Jun 2015 15:35
After an incredibly choppy start to the European session, eurozone markets found some semblance of stability as the initial surprise of a Greek referendum faded. The Turkish lira was another casualty of today’s flight to safety as the currency immediately opened 1.7% weaker against the USD and traded towards 2.7127 against the dollar early on. The dollar posted significant gains against a basket of major currencies with the dollar index opening substantially higher as it traded above 96.350 against a basket of major currencies.
26 Jun 2015 15:23
The euro was stable for third straight session today, immediately supported by the 50 day moving average after selling off substantially on Tuesday. After some knee jerk profit taking earlier this week eurozone equity markets are on track to end the week on a more positive note as benchmark indices across the region pushed tentatively higher.
25 Jun 2015 15:27
Eurozone stocks continued to trade under pressure as nervous investors continue to monitor the situation between Greece and its creditors. For now though the general market sentiment seems to be mostly positive with investment demand for gold falling further as haven demand wanes.
24 Jun 2015 15:19
Equity markets across Europe reversed direction today as the ongoing search for a viable Greek deal was perhaps more elusive than investors had anticipated. Given the four months of stalemate between Athens and its creditors, the likelihood of a fresh deal being proposed and then implemented with little or no resistance at this late stage is, as we can see, very slim indeed.
23 Jun 2015 15:35
Markets rose strongly for a second day as hopes of a fresh deal between Greece and its creditors buoyed risk appetite. However, backlash to the plan proposed by Athens was nowhere more vocal than at home as Greek officials reacted with hostility to the concessions offered in return for the release of emergency bailout funds. We’re far from out of the woods yet, and investors were reminded of this earlier today after the ECB stepped up its support to Greek banks, increasing the limit on emergency liquidity assistance to approximately €89bn.
22 Jun 2015 14:55
It has been a rocky ride for the euro over the past few months as the protracted stalemate between Greece and its creditors left investors struggling with direction. Fears of a Grexit once again popped up as the threat of a Greek default loomed ever closer on missed repayment deadlines and lack of progress.
19 Jun 2015 16:02
There is increasing volatility across global markets as we continue to read headlines that time is running out for Greece. The euro came under renewed pressure today and slid lower towards 1.13 against the USD as the Greek economic conditions have deteriorated during last week.
18 Jun 2015 16:18
All eyes are on the key meeting of Eurozone’s finance ministers in Brussels today. The euro rallied over 1.14 against the USD amid hopes that there might be a last minute plan for Greece.
17 Jun 2015 16:02
The sharp sell-off across the European equity markets continues as investors remain cautious regarding Greece’s economic prospects. The focus will then turn to the Eurogroup meeting tomorrow in Brussels as investors await any clarification regarding the Greek debt issues.
16 Jun 2015 16:16
European equity markets rebounded from earlier losses and climbed higher in the afternoon session. The European currency initially climbed higher and tested a high at 1.1330 but gave back earlier gains and hovered around 1.1220 against the US dollar.
15 Jun 2015 16:08
The ongoing uncertainty regarding the Greek debt crisis continues to dominate the markets. Over the weekend, the latest talks between the Greek government and its creditors collapsed causing high volatility and nervous trading across the European equity markets.
12 Jun 2015 15:31
It has been a tumultuous week for investors as ongoing talks between Greece and its creditors failed to reach any material conclusion as deadlines came and went. Despite tensions rising that have plagued eurozone investors for many months now, as Greece a missed debt repayment deadline to the IMF last week which culminated in the IMF pulling out of negotiations just yesterday.
11 Jun 2015 15:32
Another bullish session for global equity markets today as the positive sentiment from the Asian session spilled over to European trading and impressive US macroeconomic data releases buoyed investor confidence. The dollar index snapped a three day losing streak today, lifting firmly above 95.000 against a basket of major currencies as on the whole bullish US data encouraged investors back into the greenback.
10 Jun 2015 15:28
Bund yields hit 1% for the first time in almost nine months as global equity markets halted the sell-off which has seen short term profit taking over the past few sessions. Greek debt negotiations are still in commanding the attention of investors around the world, with the balance of power seemingly tilting in favour of Germany and France, as Angela Merkel and Francois Hollande postponed their meeting with Greek PM Alexis Tsipras in order to press for further concessions.
09 Jun 2015 15:36
The Greek government outlined its reformation plans to EU officials today, offering fresh proposals that many hope will secure it the necessary approval from its creditors and see the much needed emergency funding released. Global stocks extended their sell-off today as an increasing number of investors speculated that the US Fed would raise interest rates sooner than expected.
08 Jun 2015 14:28
Markets drifted lower, starting the week on the back foot as the G7 summit which started on Sunday entered its second day. The Turkish lira hit a fresh record low against both the dollar and the pound sterling today after a period of significant uncertainty ahead of this weekend’s elections.
05 Jun 2015 16:07
The release of the strong US non-farm payroll figures today improved market sentiment and prompted a rally to the US dollar index which spiked towards 97.0. Greece became the first country to defer payment to the IMF since the 80’s. There were no surprises from the OPEC meeting as the organization left its output target unchanged today.
04 Jun 2015 16:00
Global equity markets came under renewed pressure today as investors remain cautious ahead of tomorrow’s US non-farm payroll report and an imminent deadline regarding Greece’s repayments to the IMF.
03 Jun 2015 15:59
Comments from ECB’s President Mario Draghi spread optimism across European equity markets and prompted a strong rally for the euro which surged above 1.1250 against the USD.
02 Jun 2015 15:54
the euro rallied strongly above 1.11 against the USD today, reaching near a 10-day high amid hopes of a possible Greek deal around the corner, despite that Euro group’s President Dijsselbloem reported that such an agreement was still far away.
01 Jun 2015 16:16
European equity markets traded mixed during the first session of the month, as concerns regarding Greece’s debt issues continue to weigh on market sentiment. The DAX and London equity benchmark indices remained in negative territory while the Italian, Spanish and the CAC indices managed to post limited gains.
29 May 2015 16:17
European equity markets remained under pressure during the last trading session of the month, as persistent concerns regarding Greece’s economic stability and future weighed on market sentiment...
28 May 2015 16:04
The strong rebound in the global equity markets yesterday proved to be short-lived as global equity markets reversed and gave back recent gains today. Investors remain cautious due to growing concerns regarding Greece’s debt crisis, while speculation of a possible earlier than expected US interest rates rise weighs on market sentiment.
27 May 2015 16:00
European equity markets rebounded in today’s session showing signs of upside correction. In the US, the Dow Jones index edged higher and added nearly 90 points (+0.5%) at the time of writing. The euro bucked the recent downtrend and rebounded strongly today eyeing the 1.09 level against the USD.
26 May 2015 16:15
European equity markets fluctuated strongly and posted renewed losses in today’s trading session as investors remained cautious due to disappointing US economic data and ongoing concerns over the looming financial crisis in Greece.
22 May 2015 15:31
Global equity indices across Asia, Europe and the US saw substantial gains this week as investors opted to shrug off the largely tepid macroeconomic data releases over the past few days. Eurozone indices have struggled to match this impressive performance, with indices across the region weighed down by Greek debt concerns, however, tentative progress between Greece and its lenders propelled the DAX to its best week since the beginning of January, adding as much as 3% this week.
21 May 2015 15:35
European equity indices experienced a rather subdued trading session today, following on from a mixed Asian session as investors continued to mull over yesterday’s FOMC meeting minutes. With a growing number of market participants worried that US equity markets are now overvalued after the S&P hit a new record intraday high yesterday having gained 14% over the past twelve months.
20 May 2015 15:30
Global equity markets on both sides of the Atlantic saw tentative trading ahead of this evenings release of April’s FOMC meeting minutes as investors weighed up the prospects of further delays in path to rising interest rates. The Bank of England unveiled in its May 7-8 meeting minutes that MPC members voted unanimously against an interest rates increase, a 9-0 move to keep rates unchanged at 0.5%.
19 May 2015 15:07
Eurozone bond yields fell further today as the ECB hinted that it may accelerate its €1 trillion bond buying campaign after previously pledging that there would be no early end to the plan. Ten year German government bond yields fell back towards 0.551% today after reaching a five month high of 0.777% earlier this month.
18 May 2015 15:15
After a week of rather poor performance for the USD dollar, losing 1.76% against a basket of major currencies and adding a fifth straight week of losses, the dollar index started this week off on a firmer note. We continue to keep a close eye on JPY, which will seemingly remain locked in consolidation sideways throughout the remainder of the month. Shortly after Rio Tinto announced it would be looking for a buyer for its $1bn Pacific Aluminium business unit, an attempt to divest noncore assets, BHP Billiton’s South32 entity, where it spun off noncore assets, had a rather subdued debut on ASX.