Market Insights & Analysis

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

17 Feb 2016 08:19
Three month LME nickel futures managed to hold onto previous gains yesterday as prices opened firmly around the previous session’s close and traded towards $8,350/tonne. For now though, Chinese investors seem cautiously optimistic as risk appetite fuelled by PBOC assurances and positive sentiment after the Chinese New Year conflicts with Chinese debt concerns. Spot gold prices gained some support towards $1,200/oz during overnight trading despite moves lower testing appetite for prices around $1,190/oz. Front month Brent crude futures struggled to push past the 50 day moving average yesterday as the global benchmark was subjected to a protracted sell-off throughout much of the day.
09 Dec 2015 08:48
Some slightly better data coming out of China overnight as we start to see the emerging impact of stimulus measures. The yuan failed to halt its recent bearish run against the USD as investors focused on weaker factory gate prices and continued to digest yesterday’s weaker than expected trade data. Both front month Brent and WTI futures seem to have stemmed the recent outflows as they find support around yesterday’s opening levels.
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.
14 Oct 2015 08:29
Inflation in the UK posted a surprise drop in September as the headline CPI figure slipped below zero. The GBP fell to an eight month low against the euro on Tuesday as weaker than expected inflation data dampened the outlook for an incoming rates rise. Asian equities drifted lower on mounting Chinese deflation concerns after data released overnight saw consumer price inflation fall from 2.0% y/y in August to 1.6% y/y in September.
07 Apr 2015 07:47
Chinese benchmark indices rallied back towards seven year highs as investors speculated that the government would step up efforts to support a slowing Chinese economy. The dollar index rose tentatively yesterday, building on support at the 40 day MA as the greenback attempted to recover some of the previous week’s losses. Front month Brent futures rallied back above $58/bbl on Monday, recovering last Thursday’s losses which had seen the global crude benchmark price slip towards $54/bbl as negotiations between world powers and Iran signalled a conclusion regarding its nuclear activities was close.
10 Mar 2015 08:29
German government bond yields fell substantially yesterday as investors positioned themselves ahead of the long anticipated QE programme from the ECB. The euro held around an eleven year low against the dollar as it struggled to recover some of Friday’s precipitous losses, trading around 1.08-1.09 against the dollar for much of the day. Asian equities struggled to hold onto near term support levels overnight as momentum from the US session failed to carry over to Asian trading.
27 Feb 2015 08:04
The dollar index posted significant gains yesterday rallying 1.14% as significant gains were made against most major peers as core inflation registered a bigger increase than expected. Most major equity indices in Asia ended the week on a positive note, encouraged by the better than expected US core inflation data released yesterday. Front month Brent futures held above $60/bbl yesterday as fresh supply outages in the North Sea and gas supply concerns in Europe supported the global benchmark above this psychological level of support.
26 Feb 2015 15:11
Equity indices pushed to fresh highs today as the positive sentiment from the Asian session spilled over into the European session. However, macroeconomic data has failed to back up the recent rallies in global equity markets, instead investors are pushing up stocks on the hopes that central banks around the world will continue to provide markets with cheap liquidity amid easy monetary policy.
26 Feb 2015 08:05
Asian equities extended gains overnight, continuing on their strong run as investors flooded back into risk assets as the recent run of mediocre macroeconomic data and sluggish inflation outlook prompted investors to expect further central bank intervention in the coming months. Chinese mainland stock indices rallied to a four week high after a relatively subdued start to their shortened week as investors speculated that the People’s Bank of China along with policymaker in Beijing would step up efforts to support the economy.
10 Feb 2015 09:01
Chinese equities rallied strongly overnight leading the charge higher in Asian markets as data showed consumer prices rose at a slower rate than forecast by market participants. Spot gold prices managed to build on yesterday’s close gaining support from the weaker than expected Chinese inflation data as prices attempted to target $1,246/oz overnight.
10 Nov 2014 09:00
China’s CPI remained near a 5-year low at 1.6% y/y in October, unchanged from September ’14, while PPI declined to -2.2% y/y in October compared to -1.8% in September, missing analysts’ expectations.
19 Aug 2014 16:02
Sterling came under pressure against the dollar today after inflation data released this morning showed a greater than expected fall in prices in July. Wall Street looked set to post successive gains today, carrying on the bullish mood seen in European equity markets on renewed risk appetite.
25 Jul 2014 07:59
Spot gold prices shed 0.8% yesterday, closing lower for the third consecutive session. Fresh gains in US markets saw the S&P 500 reach a new record high as markets managed to hold on to support around current levels. The positive mood from Wall Street carried over to the Asian trading session with most benchmark indices in the region posting gains in overnight trading.
09 Jul 2014 08:20
US stock indices trailed lower yesterday, unable to overcome the cautious undertones displayed by most market participants as earning season got underway. Asian markets continued the softer tone seen on Wall Street as benchmark indices in the region extended declines.