The Nikkei average ended Tuesday’s trading at its lowest level this month, weighed by expectations of a US interest rate hike, as investors factored in the repercussions of a possible Russian invasion of Ukraine. The Nikkei fell 0.79 percent to close at 26,865.19 points, its lowest closing level since January …
Read More »US Shares Supported But Remain Defensive Due To Geopolitical Tensions
US equity markets opened this week’s trade mixed, with the S&P 500 down 0.3%, the Nasdaq 100 up 0.3% and the Dow down 0.4%. The S&P 500 CBOE volatility index remained elevated near the 30.0 level, up about 2.0 points on the day, with equity index futures trade prior to …
Read More »European Shares Sink on Fears of Russian Attack on Ukraine
European shares hit 20-day lows, with travel, banking, and auto stocks leading declines on Monday as investors feared political risks following warnings that Russia could invade Ukraine at any time. The pan-European Stoxx 600 index was down 2 percent by 0808 GMT, its lowest since Jan. 25. All sub-indices of …
Read More »Nikki Drops to its Lowest Level in 3 Weeks
Japan’s Nikkei index fell on Monday to its lowest level in three weeks, pushed down by technology shares on investor concerns about growing tensions surrounding Ukraine and rising inflation risks in the United States. The Nikkei index lost 2.23 percent to close at 27,079.59 points, the most significant daily percentage …
Read More »Weekly Recap 7-11 February
Tensions between Ukraine and Russia escalated all along the five trading days. This was sending markets into a flux with the usual risk assets and currencies responding in a mixed manner. There was news that a Russian attack on Ukraine could begin any day and would likely start with air …
Read More »S&P 500 Falls On Escalated Russian-Ukrainian Crisis
On Friday, US equities dropped sharply as recent geopolitical chatter linked to the Ukraine – Russia conflict. US news sources said that a Russian invasion of Ukraine was imminent, spurred a flight to safe-haven assets. As the New York session ends, the S&P 500 drops 2.05%, at 4,410.85. The Dow …
Read More »European Shares Fall in a Sell-Off
European shares fell on Friday, heading for a sell-off in global markets, after strong US inflation data fueled bets for a bigger US interest rate hike, although comments hinting at monetary easing from the European Central Bank head limited losses. The pan-European Stoxx 600 index fell 0.5 percent after data …
Read More »Market Drivers – US Session – 10 February
Major pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared in January, higher than expected. The headline spurred a short-lived dollar’s rally, although the greenback quickly changed course and moved from daily highs to fresh weekly lows against most of …
Read More »Earnings Still Catch Investors’ Attention
PepsiCo, the soft drinks and snacks giant, reported fourth-quarter adjusted earnings of $1.53 a share on revenue of $25.3 billion, both higher than analysts’ estimates, and the company’s forecast for 2022 organic revenue growth also topped forecasts. The stock, however, was down 2.5% to $167.66 on Thursday.Rival Coca-Cola’s earnings also …
Read More »Does Inflation Data Incite A New Forex Storm?
Major currency pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared to 7.5% YoY in January, higher than the 7.3% expected.The core reading printed at 6%, also above the market’s forecast. The headline spurred a short-lived US dollar’s rally, although …
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