The Nikkei average fell in early trading on the Tokyo Stock Exchange on Monday. The Nikkei fell 2.07 percent to 25,446.35 points, while the broader Topix index fell 1.80 percent to 1811.73 points.
Read More »Weekly Recap 28 Feb – 4 Mar
The forex markets ended the week’s trading negatively, especially after Russia bombed one of the largest nuclear power plants in Ukraine. The US dollar ended the trading on significant gains, taking advantage of the war in Ukraine, in addition to the speech of Jerome Powell, Chairman of the Board of …
Read More »Japan Shares Fall to The Lowest Level in Two Weeks
Japanese shares fell to their lowest level in nearly two weeks on Friday as the fighting in Ukraine escalated, but the Nikkei index avoided its lowest close in 15 months as the market settled in the midday session. The Nikkei ended the session down 2.23 percent to close at 25,985.47 …
Read More »Market Drivers – US Session – 3 March
Risk aversion has been leading most assets amid the war fogs and indecisive peace talks in Eastern Europe. Economic DataEarlier on Thursday, the headline ISM Services PMI reading slid to 56.5 in February from 59.9 in January, below the expected rise to 61.0, according to the latest release by the …
Read More »US Shares Pare Down Intra-day Losses
US equities maintained mixed performance on Thursday and defined more by rotation from growth into value than risk-on or risk-off. The S&P 500 recovered most of an intra-day drop of nearly 1.0%, but remains capped under 4400. US equity market trade has been more defined by rotation from high multiple …
Read More »US: February’s ISM Services PMI Falls Below Expectation
The headline ISM Services PMI figure slid to 56.5 in February from 59.9 in January, below the expected rise to 61.0, according to the latest release by the Institute for Supply Management.Economic activity in the services sector grew in February for the 21st month in a row, with the Services …
Read More »US Shares Rebound On Back of Powell’s Comments
US equities staged a decent rebound on Wednesday, with the S&P 500 breaking above last week’s highs to test 4400. Markets took reassurance from the tone of Fed Chair Powell’s remarks at his testimony before the US Congress.US equities rose on Wednesday as traders digested remarks from Fed Chair Jerome …
Read More »BoE’s Cunliffe: Sanctions To Do Severe Damage to Russia’s economy
Bank of England Deputy Governor for Financial Stability Jon Cunliffe said on Wednesday that sanctions will do severe damage to the Russian economy, but should not pose material risks to financial stability more broadly.Cunliffe said that heightened perceptions of geopolitical risk and its potential impact on growth and inflation can …
Read More »Fed’s Beige Book: Economic Activity Has Expanded Since January
On Wednesday, the Fed’s Beige Book for March 2022 was released citing the word “modest” 52 times, “moderate” mentioned 47 times and “Uncertainty” 11 times. Some traders guess a lot of what happens today and tomorrow will depend on the Fed’s Beige book Key QuotesEconomic activity has expanded at a …
Read More »European Shares Fall For The Third Day as Oil Prices Rise
European shares fell on Wednesday as commodity prices surged, fueling inflation fears when sanctions against Russia after its invasion of Ukraine took a toll on sentiment. The pan-European Stoxx 600 index was down 0.5%, declining for the third consecutive session. The European oil and gas index jumped 1.6 percent, supported …
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