Markets muted as US jobs report in focus

It was a mixed bag for European equity markets yesterday as the FTSE 100 closed modestly higher while the indices in mainland Europe posted losses.

04 Dec 2020

Growth holds higher ground

Markets maintained their vaccine inspired pro-growth stance in overnight trading. Crude, copper and iron all rose, and the Nasdaq hit new record highs despite late wobbles. The US dollar continued its slide and higher beta currencies rose. The risk on tilt failed to inspire Asia Pacific traders, and futures markets are pointing to opening losses across the region.

04 Dec 2020

Stocks rebound as UK approves vaccine

The UK approved a Pfizer-BioNTech Covid-19 vaccine for emergency use overnight. The British PM cautioned that the delivery logistics are difficult, but termed it the beginning of the end of the pandemic. US stocks rebounded from losses, and the UK index outperformed with a 1.2% gain.

03 Dec 2020

USD continues to wobble ahead of NFP

Another lackluster session for the broader based US benchmark stock index yesterday as the S&P 500 erased its initial gain of +0.4% from its intraday all-time high level of 3682.

04 Dec 2020

Miners help FTSE, sterling shines on UK-EU deal hopes

A rally in mining stocks has helped the FTSE 100 outstrip the major indices in the eurozone.

04 Dec 2020

FTSE 100 continues to outperform despite France trade deal veto threats

US markets once again managed to post new record highs, on reports that US lawmakers were mulling a new $908bn coronavirus stimulus deal.

03 Dec 2020

Snowflake share price set to cool a little

Despite an impressive surge in the cloud data platform's revenues over Q3, the Snowflake share price could be set to fall.

03 Dec 2020

Equity volatility remains low, OPEC+ in play

Equity markets in Europe largely incurred small losses yesterday even though it was announced the UK regulator approved the Pfizer-BioNTech drug as a vaccine for Covid-19.

03 Dec 2020

Fiscal stimulus optimism saves the day for risk assets

Whipsawed session for US stock market yesterday but most major benchmark stock indices ended the day with a modest gain

03 Dec 2020

FTSE outperforms, Palantir falls, oil rallies

The FTSE 100 is outperforming its Continental counterparts thanks to a rally in pharma, commodity and banking stocks.

03 Dec 2020

Pubs and hospitality raise a glass to vaccine rollout news

After US markets once again saw more record highs for the NASDAQ and S&P 500, Asia markets have reacted slightly more cautiously.

02 Dec 2020

Sweet spot drives markets

Reports that the UK may start distributing a vaccine as early as this weekend pushed market optimism into overdrive last night. The combination of stimulus support and potential for an effective Covid-19 vaccine has global markets anticipating a massive economic bounce in 2021. The US dollar index hit a two year low and the Nasdaq index an all-time high as markets looked through record levels of daily infections in Europe and the US.

02 Dec 2020

Bulls back in charge, Zoom tumbles, oil falls

Today’s positive move in the FTSE 100 is largely a complete reversal of yesterday’s negative move.

02 Dec 2020

Turnaround Tuesday sees banks outperform, Unicredit slides

After some profit-taking pushed markets lower to round off an impressive November performance for equities, normal service has resumed in Asia.

01 Dec 2020

Europe set to recover, manufacturing data on radar

Stock markets in Europe and the US finished lower yesterday as it was a slightly negative end to a very bullish month.

01 Dec 2020

Diminishing COVID 19 vaccine optimism news flow effect on US stocks

Yesterday marked the 4th consecutive Monday ahead of the US session open for a dose of positive COVID-19 vaccine news flow

01 Dec 2020