US Non-Farm Payrolls in Surprise Rise for May
June 8, 2020Asian markets are mostly, modestly in the green while European ones are trading lower this morning after the stellar gains of last week; US contracts are mixed to positive. The…
All Eyes on NFP Data, After OPEC+ Talks Breakthrough
June 5, 2020UNITED STATES What a week we had! The rally encompassing both equities and fixed income markets had traders scratching their heads and bears getting doubling the “overpriced” rhetoric, especially since…
ECB Rate Decision Today
June 4, 2020UNITED STATES US stocks showed 4th consecutive day of growth yesterday despite mass protests and rising tensions between Beijing and Washington– S&P added 1.4% while Nasdaq appreciated by 0.8%. The…
Expectation of an Agreement at OPEC+ Sends Oil $40/BBL
June 3, 2020OIL With the expectation that at the OPEC+ meeting Russia and other major oil producers might agree to another one-month elongation agreement of its cut on oil output, we have…
Euro-Area Manufacturing Makes Slight Rebound as Economies Reopen
June 2, 2020UNITED STATES US stocks closed modestly higher on Monday despite the protests that have rocked cities. The NASDAQ closed 0.65% higher while the S&P and the DOW closed 0.37% and…
US Revokes Hong Kong Preferential Status
June 1, 2020Although last week marked some risk off events including the Hong Kong (HK) unrest as Beijing created national security laws in HK and as the US stated it will revoke…
China Passing HK Securities Law, US is not Happy.
May 29, 2020UNITED STATES Equities failed to sustain the yesterday’s gains with tensions between China and US deepening over the Hong Kong security law, passed by China. US has retaliated to the…
New US-China tenstions over HK
May 28, 2020UNITED STATES The S&P closed above 3000 (+1.5%) on Wednesday for the first time in 3 months supported by hopes of a faster economic recovery and despite the new route…
Boris Johnson Faces More Questions Today
May 27, 2020UNITED STATES The S&P 500 index trimmed its gains amid U.S, – China tensions, the index closed at an 11-week high as it rose 0.6% and added 1.2% on Tuesday.…
German Ifo Index Rises for May as Economy Entered…
May 26, 2020UNITED STATES Futures for US stocks were about 2% up on Tuesday indicating a strong resumption to trading having been closed on Monday for Memorial Day. Indices had closed in…