Daily Market News: Fed official warns US economic rebound could stall as stocks snap winning streak LeapRate

July 08, 2020 BY Valentina Kirilova

Daily Market News: Fed official warns US economic rebound could stall as stocks snap winning streak

What to watch Emergency UK budget: Today at 12:30pm, Chancellor Rishi Sunak will present an emergency summer budget update, in which he is expected to announce a host of measures intended to assist the UK economy’s recovery from the coronavirus lockdown. A multi-billion pound green jobs scheme, cash for firms that hire trainees, and vouchers…

July 07, 2020 BY Valentina Kirilova

Daily Market News: Stocks pull back after Monday surge, Uber shells out $2.7bn for rival food delivery service

What to watch Paychex: Human resource and payroll outsourcing firm Paychex reports its latest quarterly earnings today. The $28bn market cap firm’s share price is down 8.6% year-to-date, after a 30% surge over the past three months. Analysts are expecting an earnings-per-share figure of $0.60, and overwhelmingly favour a hold rating on the stock. How…

July 07, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar index is recording gains today

EUROPEAN SHARES European share markets slid slightly lower on Tuesday as bullish market sentiment takes a break ahead of a busy upcoming few days with a slew of new macro data. Investors unsurprisingly seized the occasion brought by this morning’s disappointing German industrial production data to cash in some of their profits, following a six-day…

July 06, 2020 BY Valentina Kirilova

Daily market commentary: The DAX-30 Index is one of Europe’s top performers

EUROPEAN SHARES All eurozone benchmarks opened significantly higher on Monday as the momentum on riskier assets remains strongly bullish momentum despite coronavirus cases continuing to rise over the weekend. As explained in previous reports, the recent positive macro data and potential development of a cure against the virus boosted market sentiment last week. However, the…

July 06, 2020 BY Valentina Kirilova

Daily Market News: Stock futures point to higher Monday open despite record Covid cases

FTSE 100 gives up gains to post a flat week On Friday, the FTSE 100 fell 1.3%, giving up all of the gains it had edged out over the course of the week; most of which came on Monday and Thursday. With US markets closed, trading volume on Friday for FTSE 100 shares was down…

July 03, 2020 BY Valentina Kirilova

Daily Market News: US stocks close short week on a high after jobs report beats expectations

Banking stocks help FTSE 100 higher London-listed shares were buoyed by positive employment figures in the US, as the UK’s biggest companies make a substantial portion of their revenues from the US. The FTSE 100 jumped 1.3%, although it is still down 17.3% year-to-date, lagging far behind the major US indices. Banking, travel and retail…

July 03, 2020 BY Valentina Kirilova

Daily market commentary: Gold volatility decreased once again

EUROPEAN SHARES Share markets opened mostly flat in Europe for the end of the week as benchmarks consolidate gains registered during Thursday’s bullish session following the higher-than-anticipated US job report, while the US remains shut for holiday. The recent batch of solid macro data from different economic zones (US NFP, Chinese Industrial Production, EU PMIs)…

July 02, 2020 BY Valentina Kirilova

Daily market commentary: Expectations for a quick economic recovery curb gold’s rally

EUROPEAN SHARES European shares traded significantly higher on Thursday, continuing the bullish trend from Asian stocks and extending yesterday’s gains amid a renewed appetite for risk. Yesterday’s news about Pfizer and BioNTech’s successful vaccine trial turned market sentiment upside down as it came while investors were preparing to redirect their exposure from risk assets to…

July 01, 2020 BY Valentina Kirilova

Daily market commentary: Gold rallies to its highest level since 2011

GOLD Gold has rallied to its highest level since late 2011, with futures surpassing $1,800, while the spot price is marking a fresh eight-year high at $1,789. Technically the situation remains firmly bullish with investors betting on further printing activity from central banks, in a scenario where the correlation between the Fed (and other central banks)…

June 30, 2020 BY Valentina Kirilova

Weekly data preview: focus on the NFP

Key data points Bold indicates the most important releases for this symbol. Wednesday 1 July, from 7.30 GMT: meeting of the Sveriges Riksbank Wednesday 1 July, 12.15 GMT: ADP employment change (June) - consensus 3 million, previous -2.76 million Thursday 2 July, 12.30 GMT: non-farm payrolls (June) - consensus 3.07 million, previous 2.51 million Thursday…

Tag: forex

Daily Market News: Fed official warns US economic rebound could stall as stocks snap winning streak

Daily Market News: Stocks pull back after Monday surge, Uber shells out $2.7bn for rival food delivery service

Daily market commentary: The US dollar index is recording gains today

Daily market commentary: The DAX-30 Index is one of Europe’s top performers

Daily Market News: Stock futures point to higher Monday open despite record Covid cases

Daily Market News: US stocks close short week on a high after jobs report beats expectations

Daily market commentary: Gold volatility decreased once again

Daily market commentary: Expectations for a quick economic recovery curb gold’s rally

Daily market commentary: Gold rallies to its highest level since 2011

Weekly data preview: focus on the NFP

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