Daily market commentary: European benchmarks follow the global upward trend at the start of a new month LeapRate

European stock market experiences positive change

August 01, 2022 BY Steffy Bogdanova

Daily market commentary: European benchmarks follow the global upward trend at the start of a new month

However, investors may be tempted to take some profit out following the best monthly performance registered by equity markets since November 2020, while major bearish market drivers such as rising inflation, tightening liquidity and the prospect of a recession still linger. Today’s focus is likely to be towards PMI data from both the EU and…

July 29, 2022 BY Steffy Bogdanova

Daily market commentary: Stocks continued their rally in Europe, alongside US futures

European Shares Stocks continued their rally in Europe on Friday, alongside US futures, as market sentiment improved following reassuring macro data in addition to positive corporate results. While today’s trading optimism was initially sparked by strong Q2 reports from Apple and Amazon yesterday evening, this morning’s surprising GDP data from Spain and France are driving…

July 28, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index is trading lower this morning

The markets responded immediately, with risk assets such as shares and bitcoin finding the front foot and recording substantial gains, while the US dollar, which until now had been propped up by the Fed’s hawkishness, dropped to the lowest level in three weeks. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the…

July 27, 2022 BY Steffy Bogdanova

Daily market commentary: Stock markets jump higher from Tokyo to US future contracts in New York

European Shares Stock markets jumped higher from Tokyo to US future contracts in New-York, as investors cheered a batch of positive corporate results. Solid reports from tech giants Microsoft and Alphabet have given a fresh boost to market sentiment on Wednesday, sparking hopes that companies can handle tighter monetary conditions and a slower economy. However,…

July 26, 2022 BY Steffy Bogdanova

Daily market commentary: Brent crude oil prices are rising, in a second consecutive day of gains

Oil Brent crude oil prices are rising during early Tuesday trading, in a second consecutive day of gains. Concerns over the supply of Russian gas to Europe are having a collateral impact on oil prices, as a potential squeeze on gas supplied to Europe is likely to increase demand of oil and other related fuels…

July 26, 2022 BY Steffy Bogdanova

Weekly data: FOMC and US GDP in the spotlight

The main downtrend is still active with the price below all of the 50, 100 and 200 SMAs, but there is no longer any sign of oversold from either the slow stochastic or Bollinger Bands; the former at around 65 is between neutral and overbought. The next movement for EURUSD depends on the reaction to…

July 25, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar is trading flat

Gold Gold prices have barely moved during early Monday trading, reflecting the performance of the US dollar, which is also trading flat. Market expectations have settled on a 75bp rate hike by the Federal Reserve this Wednesday, and so the mood in the markets is now calmer, contrasting with the greater turbulence of previous weeks,…

July 22, 2022 BY Steffy Bogdanova

Daily market commentary: Stocks drifted lower in Europe, following the overnight bearish trend in Asia

Meanwhile, the current political crisis in Italy following prime minister Mario Draghi’s resignation after the two key parties withdrew their support to the Government, is also adding uncertainty. However, despite today’s bearish price action, equity markets remain on their way to close their best week in a month, while investors try to assess whether this…

July 22, 2022 BY Steffy Bogdanova

Weekly data: Good earnings might boost Microsoft, McDonald’s might hold ahead of earnings

McDonald’s might hold ahead of earnings Shares in McDonald’s Corp (symbol ‘MCD’) have made gains since late last month to around $253 as losses continued in some other sectors and participants are increasingly worried about the prospect of a recession. McDonald’s will report its earnings for Q2 pre-market on Tuesday 26 July. The consensus for…

July 21, 2022 BY Steffy Bogdanova

Daily market commentary: The euro is on the front foot, claiming back some of its losses to the dollar

European Shares Markets slid lower shortly after the opening bell in Europe on Wednesday, despite an optimistic sentiment registered during the Asian trading session, as traders brace for today’s important ECB meeting. While a 25bp rate hike is now widely anticipated in Europe, all eyes are likely to be on the new bond stability tool…

Category: Market News

Daily market commentary: European benchmarks follow the global upward trend at the start of a new month

Daily market commentary: Stocks continued their rally in Europe, alongside US futures

Daily market commentary: The US dollar index is trading lower this morning

Daily market commentary: Stock markets jump higher from Tokyo to US future contracts in New York

Daily market commentary: Brent crude oil prices are rising, in a second consecutive day of gains

Weekly data: FOMC and US GDP in the spotlight

Daily market commentary: The US dollar is trading flat

Daily market commentary: Stocks drifted lower in Europe, following the overnight bearish trend in Asia

Weekly data: Good earnings might boost Microsoft, McDonald’s might hold ahead of earnings

Daily market commentary: The euro is on the front foot, claiming back some of its losses to the dollar

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