Opinion – Wednesday 8 July 2020

European Indices ended the day lower. Bank shares led the declines after it was reported the ECB were said to considering asking banks to withhold dividend payments for longer, to ensure they have plenty of capital to deal with the Coronavirus stress. The DAX closed...

Opinion – Tuesday 7 July 2020

A huge 5.7% rally in the Shanghai Composite Index, to close at its highest level in two years, led to a large rally in both European and U.S Indices. This move higher saw the MSCI Emerging Markets close with a gain of 4%, to its highest level since February. European...

Opinion – Monday 6 July 2020

The latest Non-Farm Payrolls Report showed that 4.8 million Jobs were added back in June, which was well above the 3.23 million estimate, while the two previous months were revised up by a total of 90,000. The bottom lime is that after losing 22.16 million jobs in...

Opinion – Thursday 2 July 2020

European Indices started July on the defensive after comments from German Chancellor that European Union Members were still far apart in agreeing a recovery fund and a budget. This changed shortly before the U.S Markets opened after Pfizer/BioNech announced a vaccine...

Opinion – Wednesday 1 July 2020

As expected, both European and U.S Indices continued their rally as the Second Quarter came to a close. As I mentioned in yesterday’s commentary that seasonally this is one of the strongest week’s of the year in this abbreviated shortened trading week due to the July...

Opinion – Tuesday 30 June 2020

Both European and U.S Indices reversed most of Friday’s losses to start the week on a positive note. Seasonally this is a strong week for the U.S Markets which are closed from 1.00 pm on Thursday until Monday morning for the July 4 Holiday Weekend. Markets gained...