News - All

Home Support Regulation Contact Us Live Chat English Mandarin

News

All

Draghi’s comments clearly the key theme for Europe, with markets hard hit yesterday, equity futures are looking pretty much unchanged for the open this morning.

Read more

Asian markets lower this morning, in sympathy with European and US markets yesterday following disappointment on Draghi’s conference call yesterday at which he stated the ECB was ready to act but failed to deliver any fresh stimulus at this moment in time.

Read more

In the US, we have Challenger job data out which may give further clues for tomorrow’s non farm payrolls, corporate earning highlights include Parker Hannifin (Estimate EPS $1.91), General Motors (75 cents), Kellogs (84 cents) and Kraft (66 cents).

Read more

The focus will clearly be on the ECB announcement at 12.45pm BST and the press conference that follows.

Read more

02 Aug
2012

Asian markets mixed

Categories: Daily Comments

Asian markets mixed, if anything there was a slight bias to the downside, after the Fed refrained from adding any fresh stimulus but expectations of fresh policy announcements out of the ECB.

Read more

After meeting with Eurozone finance ministers yesterday, US treasury secretary Geithner said that Europe will not be fixed by one decisive act, officials need to get politics right for reform.

Read more

Asian markets mixed but off session lows, after disappointing data out of the region. China’s July manufacturing PMI came out at 50.1 (50.5 expected), whilst Australian industrial output declined to its lowest level in 3 years.

Read more

In Europe according to Sueddeutsche Zeitung, Eurozone states are considering a plan under which the ESM would be able to deposit an unlimited amount of sovereign bonds with the ECB as collateral for loans from which to purchase new debt.

Read more

Asian stocks higher again for a fourth day in succession. Overnight Japanese manufacturing PMI and household spending data both came in lower than expected, South Korea’s industrial production fell for the first time in 3 months, and Taiwan’s GDP unexpectedly shrank.

Read more

US data and corporate activity relatively limited today, but worth noting that US Treasury Secretary Geithner is in Frankfurt today to meet ECB counterparts

Read more

In Europe, according to Welt am Sonntag German finance minister Schaeuble has denied media reports that the EFSF could soon start buying Spanish government bonds.

Read more

Asian markets firmer again this morning, catching up with strong overnight moves in the US markets, and ongoing speculation that European policy makers will take action to ease the debt crisis.

Read more

In US markets, Facebook traded around 12% lower in after hours trading after saying that revenue growth and profit margins were lower than expected.

Read more

According to newsires, the Spanish economic minister has said the Spanish treasury can meet debt payments and has ruled out a full bailout.

Read more

Markets this morning strong across Asia, following yesterdays’ comments from Draghi on making every effort to preserve the Euro, and also renewed speculation of fresh stimulus from Japan on weaker than expected inflation data.

Read more