Market Insights & Analysis

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

02 Oct 2015 08:40
Asian trading was mixed overnight following a cautious session on Wall Street yesterday as investors assessed the days economic data releases. The Bank of England may have a stronger case for an incoming rates rise as yesterday’s release of the final Markit manufacturing PMI reading for September hold firmly at 51.5 with last month’s reading revised up slightly to 51.6. Spot gold prices extended declines for a fifth straight session yesterday and are on track to extend the bear run for a sixth straight session as investors position themselves ahead of today’s labour market data.
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.
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.
02 Jul 2015 08:59
“Greece fatigue” continues to dominate global equity and commodity markets as there is still no conclusion to the debt crisis. The Greek Prime Minister Alexis Tsipras accused international creditors of blackmailing Greek voters ahead of Sunday’s referendum, just hours after he accepted most of the terms of the newly proposed reform plan with a handful of minor changes.
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.
08 May 2015 15:36
Equity markets on both sides of the Atlantic surged higher during the final session of the week as a sweeping victory for the Conservatives under David Cameron and stronger data coming out of the US boosted investor sentiment. Sterling catapulted above 1.5520 against the dollar early on in the session, adding 1.82% against the greenback before clipping some of these early gains as it settled above 1.5400 towards the afternoon. The run up to the election had seen investors pull out of both stocks and bonds as the outcome was far from certain.
08 May 2015 09:15
Following the latest results, the Conservatives are forecast to win 325 seats in the UK election, enough to form majority. British PM David Cameron said that “it’s clearly a very strong night for the Conservative Party”. Sterling rebounded and surged towards 1.55 against the USD, showing strong upside momentum.
07 May 2015 16:45
It has been a very volatile session for the European equity markets. The London equity benchmark index missed the uptrend and slid lower by 0.60% trading below 6,900 as investors remained cautious ahead of the UK election results.
09 Mar 2015 08:07
Asian equity benchmark indices started the week on the back foot with most major markets erasing much of the previous session’s gains as investors continued to mull over Friday’s US jobs data. The surprise increase in Friday’s nonfarm payrolls, which rose by 295K in February against expectations of a lower 235K increase, prompted investors to speculate that a US rates rise was on its way. The US dollar index rallied to a fresh 12-year high on Friday, gaining 1.26% against a basket of major currencies as it touched levels towards 97.726.
06 Mar 2015 16:46
Despite the solid US employment data, the Dow Jones index retreated sharply over 180 points (-1.03%) towards 17,950. Following the release, the USD index rallied above 97.5 against a basket of currencies, weighing heavily on most commodity prices.
06 Mar 2015 08:59
This morning, the European currency continues to remain under pressure breaking again below 1.10 to test a 12-year low ahead of key economic releases. The US dollar continues its strong rally holding strongly above 96.3 against a basket of currencies.
06 Feb 2015 16:35
US equity markets edged higher in early trade today, following positive US employment data. The Dow Jones index and the S&P 500 gained 0.25% and 0.5%, respectively, at the time of writing, while the US dollar index surged above 94.5.
06 Feb 2015 08:54
The main focus will turn to the release of the US non-farm payrolls this afternoon, which will set the tone for today’s trading session in global equity and commodity markets.
05 Dec 2014 16:15
Strong US non-farm payroll data spread an optimistic tone across the global equity markets verifying signs of improving employment conditions in the US economy. The USD index rallied to hit a high at 89.45, while the euro came under renewed pressure breaching support at 1.23.
05 Dec 2014 08:00
Asian markets traded with modest gains during overnight trading despite both European and US equity benchmark indices posting losses yesterday as investors repositioned themselves ahead of today’s important data releases. The dollar index rallied higher ahead of today’s crucial data releases as it touched a fresh year-to-date high towards 89.122 against a basket of major peers yesterday as it looks to target a seventh week of gains. Three month LME nickel prices posted gains for a fourth straight session yesterday, adding 3.35% throughout the session and bringing gains for the week to just under 6.5% after built on support at the 50 day MA on Monday.
04 Dec 2014 16:38
07 Nov 2014 16:12
European equity markets fluctuated strongly in today’s session and ended the week in the negative territory, with the exception of the London benchmark index which edged higher towards 6,570.
03 Oct 2014 15:44
Global equity markets rebounded on Friday as benchmark indices on both sides of the Atlantic recovered some of the week’s precipitous declines. As anticipated by the majority the US data didn’t disappoint with non-farm payrolls adding 248K positions in September, well above the 215K expected by market participants and the previous month’s reading of 180K. The solid data saw both the S&P 500 and DJIA trade higher from the open with both indices up between 0.8%-1.1% at the time of writing.
03 Oct 2014 08:59
The Nikkei index extended gains above 15,700, rising 0.3%, while the Hang Seng index recovered above 23,000 after gaining 0.4%. European equity markets rebounded strongly in early trade this morning.
05 Sep 2014 17:34
Crude oil prices remained under renewed pressure today as Brent front month futures plunged to retest the psychological level of $100 per barrel.
01 Aug 2014 16:31
Global stocks experienced further downside pressure throughout the day as continued geopolitical tensions kept European benchmark indices in negative territory throughout much of the session. Investors were eagerly anticipating today’s jobs report as the data heavy session kicked off with the release of non-farm payrolls.
04 Jul 2014 08:10
European markets rallied higher after the ECB left rates unchanged, a move that was largely expected by market participants. The DJIA rallied to a close above 17,000 for the first time ever as data released yesterday confirmed labour markets in the US were making steady progress. The dollar index added 0.3% yesterday, on track to post weekly gains after pulling back towards 79.740 earlier on in the week.
03 Jul 2014 17:29
Robust US employment data spread optimism across equity and commodity markets and increased risk appetite. The Dow Jones index surged and breached above 17,000 hitting a record high, while the S&P 500 Index also climbed higher eyeing the 2,000 points.
03 Jul 2014 08:24
US markets held firm midweek, ahead of non-farm payrolls and unemployment data due out later today. Asian markets fluctuated between gains and losses overnight ahead of the US jobs data later today with trading activity largely subdued. Spot gold prices pulled back off recent highs ahead of the data, trading below $1,320/oz at one stage early on in the session.
06 Jun 2014 08:53
Asian equity markets were trading sideways within the recent range. In Eurozone, German exports surged by 3% in April compared to a modest rise of 1.5% in March, showing signs of strong improvement. Gold has been on track for its first weekly increase in three weeks, hovering around $1255 in early trade this morning.
02 May 2014 17:12
European equity markets ended the week fairly mixed as renewed tensions in Ukraine cause a high level of uncertainty in the equity and commodity markets, overshadowing the optimistic US employment data.
02 May 2014 07:46
Wall Street struggled to build on the week’s earlier gains as benchmark indices slipped slightly ahead of the non-farm payrolls numbers. Asian markets spent the overnight session swinging between gains and losses as nervous investors chewed over US macro data while Chinese markets remained closed, exacerbating the scant trading activity. US non-farm payrolls and unemployment data will be the focus for today and will cap off a busy week on the US macro front.
07 Apr 2014 17:02
European equity markets plunged today, due to the lack of risk appetite, while the lack of major macroeconomic data from the US and Eurozone weighed further on market sentiment. The CAC, DAX, IBEX and the London equity benchmark index retreated sharply between 0.66% and 1.9%.
07 Apr 2014 07:56
Asian equities carried on the sell-off that dominated Wall Street on Friday as Japanese investors pulled back after a three session rally on weaker US non-farm payrolls data and revised expectations that the BOJ would hold off from further stimulus measures. Spot gold prices rallied higher on Friday, adding 1.3% and closing at $1,303.50/oz as investors assessed the pace of stimulus. European stocks are anticipated to open lower as stock index futures signal a continuation of the bearish sentiment that dominated the Asian session.