News - Daily comments

Home Support Regulation Contact Us Live Chat English Mandarin

News

Daily comments

Very little movement in Asian markets this morning ahead of key economic data out of the US later today.

Read more

In the US today we have Case Shiller housing data and consumer confidence data, although tomorrow’s GDP numbers will carry more significance along with the Jackson Hole meeting on Friday.

Read more

The ECB’s Asmussen said the ECB will only buy bonds with short maturities, acting within the ECB mandate, but the bailout funds should intervene on the primary market before any ECB action. European equity futures are pointing to losses of around 50 bps after posting reasonable gains yesterday.

Read more

Asian markets mixed this morning, with the Nikkei 0.5% lower but other bourses marginally higher.

Read more

Merkel and Hollande are both due to meet with the Greek PM today. According to ministry sources, a working group led by Germany’s deputy finance minister Steffen is studying the economic impact of a Greek exit from the Eurozone. Spanish producer prices, UK GDP and German import prices all due this morning.

Read more

Asian markets have fallen again this morning, and look set to record their first weekly loss in a month.

Read more

23 Aug
2012

Out of the US last night

Categories: Daily Comments

Out of the US last night, FOMC minutes revealed that many FOMC members favoured further easing soon should growth not pick up, by far the most explicit rhetoric we have seen for sometime ahead of next month’s Jackson Hole meeting, gold and silver rose to highs not seen since early May on the news.

Read more

Merkel and Hollande are due to meet today, so expect ongoing commentary on efforts to solve the EU debt crisis, meanwhile EU’s Juncker has said that Greece faces its last chance and does not support a third aid package for the country.

Read more

Asian markets firmer this morning, on renewed stimulus out of China and the US. Preliminary data out of China which suggested a further fall in China’s manufacturing index, and a consecutive 10th month that the reading will be below 50.

Read more

EU’s finance chief Juncker is due to visit Greece today to discuss the nation’s fiscal adjustment program. European equity futures are pointing to a loss of around 60 bps. Worth noting that there is a German debt auction this morning for 5bn Euros.

Read more

Asian markets lower in sync with US markets which reversed gains in the latter part of yesterday’s session.

Read more

According to investment banking sources, Spain is considering turning its so-called bad bank into an investment fund, as part of its banking sector required under the terms of the EU aid package.

Read more

Asian markets mixed this morning, and no real themes to focus on, on corporate news Hon Hai Precision manufacturing and Fosconn rose 2% and 3% respectively

Read more

European leaders are set for some crucial meetings for the week ahead, whilst Spain has urged unlimited support from the ECB.

Read more

Asian markets, with the exception of Japan, are all lower this morning, with Chinese stocks falling to their lowest level since 2009 on concern the country will hold off from further monetary easing after property prices rebounded.

Read more