Asian shares and US equity futures flashed red on Tuesday morning despite the rally on Wall Street overnight. Investors seem to be on edge this morning, adopting a defensive approach towards risk amid fears over Read more…
Eurozone PMI Manufacturing rose dropped from 55.5 to 54.4 in May, below expectation of 54.9, hitting an 18-month low. PMI Services dropped from 57.7 to 56.3, below expectation of 57.5. PMI composite dropped from 55.8 Read more…
In a Bloomberg TV interview, ECB President Christine Lagarde said, “we’re moving (deposit rate) very likely into positive territory at the end of the third quarter.” “When you’re out of negative (rates) you can be Read more…
The Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by another 50 basis points to 2.00% at its meeting tomorrow. The real focus will be on the accompanying Monetary Read more…
The Euro keeps firm tone in early Tuesday and rises above 1.07 mark, in extension of Monday’s 1.2% rally. Fresh risk appetite and hawkish comments from the ECB underpin recovery, but so far positive fundamental Read more…
Germany PMI Manufacturing rose from 54.6 to 54.7 in May. PMI Services dropped from 57.6 to 56.3. PMI Composite rose from 54.3 to 54.6. Phil Smith, Economics Associate Director at S&P Global Market Intelligence said: Read more…
France PMI Manufacturing dropped from 55.7 to 54.5 in May. PMI Services dropped from 58.9 to 58.4. PMI Composite dropped from 57.6 to 57.1. Joe Hayes, Senior Economist at S&P Global Market Intelligence said: “The Read more…
EURJPY is holding above the bullish crossover within the 20- and 40-day simple moving averages (SMAs) but the current momentum is negative. The RSI indicator is pointing downwards around the neutral threshold of 50; however, Read more…
Markets Markets’ mood/reaction function continue switching sides from day to day. Last week, uncertainty that policy tightening could kill growth, triggered hefty equity selling and a pause in the core yields’ rally. Yesterday, investors saw Read more…
The US stocks rebounded on Monday. Banking stocks rallied as JP Morgan’s CEO Jamie Dimon said that the ‘storm clouds’ may dissipate. JP Morgan shares jumped more than 6%. Also, Joe Biden said that the Read more…