Market Insights & Analysis

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

16 Nov 2015 08:59
Asian and European equity markets remained under pressure and posted renewed losses today as the attacks in Paris, France, on Friday caused high uncertainty across global markets. The tragic events limited any risk appetite and caused nervous trading conditions. Japan’s economy contracted by 0.8% y/y in Q3 2015, following a revised 0.7% drop in Q2 2015, missing analysts’ expectations of a -0.2% decline.
12 Nov 2015 08:57
Today, the main focus will switch to the release of the weekly jobless claims as well as the monthly Fed Budget Statement, which will set the tone for the trading session. Fed Chair Janet Yellen will deliver a speech at a Fed conference at 14:30 GMT, providing an insight regarding the current US economic conditions and prospects. The USD index extended gains this morning, breaking above the 99.0 area against a basket of currencies.
10 Nov 2015 08:46
Further signs of weakness in China prompted investors to selloff. The Hang Seng index plunged over 300 points (-1.43%) towards 22,400 while the Shanghai Composite Index slid lower by 0.20% towards 3,640. China’s CPI rose 1.3% y/y in October compared to 1.6% in September, missing analysts’ expectations of a 1.5% rise, showing the lowest level since May 2015.
22 Oct 2015 09:15
The main focus will turn to the ECB meeting as investors remain cautious awaiting the speech of ECB’s President Mario Draghi regarding market expectations. We do not expect any big surprises coming out of the meeting as it seems unlikely the ECB to introduce further QE into the European economies, partially due to inflation concerns and increasing worries regarding the Eurozone’s economic growth.
07 Oct 2015 08:57
WTI front month futures extended gains for a fourth consecutive session, eyeing the key $50 per barrel level. The Energy Information Administration (EIA) said in its monthly outlook that US crude oil production fell 120,000 barrels per day in September compared to a month earlier. The API weekly oil inventories report showed yesterday that US crude oil inventories have shrunk by 1.2 million barrels for the week ending 2nd October.
05 Oct 2015 09:12
Asian equity markets rallied overnight with the Nikkei index gaining over 1.5% and adding over 280 points to breach above the 18,000 area. The Hang Seng index climbed 1.4% (300 points) towards 21,800, supported by strong gains in information technology and consumer discretionary sectors. Glencore rallied in Hong Kong and hit a high at 18.36 but gave back earlier gains to finish the session at 12.40.
21 Sep 2015 08:47
The Greek left-wing party Syriza secured a clear victory -for a second time within a year- and won the snap elections on Sunday. Syriza leader Alexis Tsipras reported that “this victory belongs to the people and those who dream of a better tomorrow and we wll achieve it with hard work”. The euro hovered around 1.13 against the USD this morning.
18 Sep 2015 08:54
The Federal Reserve held interest rates unchanged at the latest FOMC meeting, with Fed Chair Janet Yellen delivering a “dovish” message. The statement identified that the recent global economic and financial conditions may restrain economic growth and added further downside pressure on US inflation in the short-term. The USD index retreated towards 94.0 against a basket of currencies, remaining under heavy pressure.
17 Sep 2015 09:09
It is decision time for the US Federal Reserve. It seems that global markets are going into today’s FOMC’s meeting with a “dovish” mentality. We may be surprised with an interest rate hike despite the recent tepid US economic data. The USD index has been under some pressure ahead of the announcement, retreating towards 95.0 against a basket of currencies in early trade.
16 Sep 2015 08:52
Asian equity markets rebounded strongly overnight. The Hang Seng index rallied by 2.50% towards 22,100, while the Shanghai Composite index climbed higher by 4.9% to retest 3,150. There is increasing volatility and nervous trading conditions as investors await key decisions from the FOMC meeting tomorrow. The USD index remains strong after hovering around 95.60 against a basket of currencies.
14 Sep 2015 09:02
This week, the main focus will turn to the FOMC meeting on Thursday. The USD index has lost its upside momentum against the G10 currencies, retreating towards 95.0, as investors remain cautious about the timing of a US interest rate rise this year. We do not expect any big surprises from the Fed this week, as it is likely that the US Federal Reserve Bank will leave interest rates unchanged this time, possibly signalling that the beginning of a tightening policy is approaching.
09 Sep 2015 08:55
Asian equity markets posted strong gains overnight, as risk appetite increased and market sentiment generally improved. The Nikkei index rebounded from recent losses and spiked over 7.7% (1340 points) towards 18,800, showing its biggest one-day gain since 2008. The Shanghai Composite index gained over 2.2% towards 3243, while the Hang Seng index rallied strongly over 900 points (+4.25%) towards 22,150.
04 Sep 2015 08:55
ECB’s Press conference yesterday proved to be very dovish as President Mario Draghi signalled to market participants that the ECB could expand its current stimulus if the slowdown across financial market continues to weigh heavily on economic growth. The euro retreated sharply to hit a 2-week low at 1.1087, while European equity markets declined sharply in early trade this morning.
02 Sep 2015 09:06
The negative Chinese economic data weighed on market sentiment across the global equity markets yesterday, prompting further sell-off in global equities and commodities. Crude oil prices extended declines this morning as disappointing Chinese economic data, poor oil fundamentals and the stronger USD weigh heavily on market sentiment.
01 Sep 2015 08:53
Asian equity markets remain under pressure as the Hang Seng Index and the Shanghai Composite index retreated 1.7% and 1.25%, respectively, overnight. Chinese economic data was fairly mixed as Manufacturing PMI dropped to 49.7 y/y in August from 50.0 in July, in line with expectations. However, the non-Manufacturing PMI figure was reported at 53.4 y/y in August.
27 Aug 2015 09:05
There is a strong upside momentum across the global equity markets this morning. Asian equity markets reversed recent heavy losses and rebounded to climb higher overnight. The Hang Seng index rallied over 3.8%, adding nearly 800 points towards 21,900.
26 Aug 2015 08:58
Asian equity markets extended declines overnight, remaining under heavy pressure. WTI front month futures have been hovering around $39 per barrel ahead of the release of the weekly EIA oil inventories data. The softer USD has failed to provide any support to base metal prices which have been under serious pressure amid concerns over Chinese slowdown.
25 Aug 2015 09:49
This morning, European rebounded and posted strong gains in early trade. The CAC, DAX, IBEX and London equity benchmark indices reversed yesterday’s losses and rallied higher. The big surprise yesterday was the European currency as the EUR rallied strongly and hit a high at 1.1714
24 Aug 2015 09:08
China’s financial crisis has rattled global equity and commodity markets this morning. There is a strong sell-off dominating global markets with Chinese stocks tumbling the most since 2007 as recent government support measures failed. The Hang Seng index plunged over 1150 points (-5.2%) towards 21,200, heading for its biggest drop since 2011.
21 Aug 2015 08:43
Greek uncertainty continues to dominate the European equity markets, raising renewed concerns regarding the country’s economic stability. Last night, the Greek Prime Minister Alexis Tsipras announced his resignation, showing the way for possible early elections on 20th September 2015.
20 Jul 2015 09:03
Precious metal prices remain in negative territory in early trade this morning. Gold retreated sharply to a 5-year low at $1086/ounce early in the session. The yellow precious metal has slightly rebounded and hovered around $1100/ounce.
10 Jul 2015 09:00
The Greek government submitted its reform proposals to Brussels ahead of European creditors’ deadline. European equity markets posted strong gains in early trade this morning amid hopes for a positive outcome at the upcoming Eurogroup meeting over the weekend. The euro surged higher and breached 1.11 against the USD, showing signs of upside recovery.
09 Jul 2015 09:22
Alcoa reported Q2 earning results that missed analysts' expectations. Net income fell to 10 cents/per share from 12 cents/per share a year earlier. The disappointing earnings results might be due to the sharp price declines of aluminium which has retreated recently due to surging exports from China.
08 Jul 2015 09:11
The Hang Seng index plunged over 2000 points overnight (-8.2%) towards 22,900 as concerns regarding Chinese’s economic stability weighed on market sentiment, prompting investors to sell-off. China’s Shanghai Composite Index also declined sharply, showing its biggest drop since 2007.
03 Jul 2015 09:01
As the Greek bailout negotiations have been “on hold” until the country’s referendum on Sunday, attention turned to US employment data yesterday. We received mixed US employment indicators yesterday, which somewhat distorted the outlook for a possible US interest rate rise later this year.
25 Jun 2015 09:02
Deal or no deal? International creditors yesterday rejected another Greek proposal as the meeting of European Finance ministers ended without an agreement on Wednesday evening. Discussions are set to continue this morning. The euro has slightly rebounded this morning to retest 1.12 against the USD, however, European equity markets continue to remain under heavy pressure.
22 Jun 2015 08:45
Investors remain cautious ahead of the crucial Emergency Summit in Brussels today regarding Greece’s debt issues. Asian equity markets rebounded strongly overnight and posted strong gains. The upside momentum continued in European equities this morning which opened higher and recovered from sharp losses last week.
09 Jun 2015 08:52
The G7 summit took an historic step in order to tackle environmental issues. Global leaders agreed to phase out fossil fuels by cutting greenhouse gas emissions by up to 70% of 2010 levels by 2050.
15 May 2015 08:56
Asian equity markets rebounded strongly overnight. The Hang Seng index posted renewed strong gains and climbed over 1.6% above 27,700. In the US, equity markets surged showing strong upside momentum. The S&P 500 index reached a record high at 2121.45 to end the trading session at 2121.10. European equity markets extended gains this morning.
14 May 2015 08:46
Crude oil prices gave back yesterday’s gains and slid lower this morning due to some profit taking following the recent strong gains in the oil market. WTI front month futures declines towards $60 per barrel and Brent futures slid lower towards $66 per barrel.