Opinion – Wednesday 12 August 2020

European Indices ended yesterday with solid gains after Russia surprised the markets with an announcement from President Putin that he had cleared the for COVID-19 vaccine for use even though clinical testing has not finished. He hopes to begin mass inoculation in...

Opinion – Tuesday 11 August 2020

U.S Markets opened higher before chopping around with the NASDAQ 100 falling over 200 points before staging a late rally to close just 0.50% lower. Over the weekend, President Donald Trump signed a number of executive orders to extend unemployment insurance benefits,...

Opinion – Monday 10 August 2020

U.S. Indices closed mixed on Friday after Jobs data printed better than expected. July saw 1.7 million jobs added to the economy, according to the Bureau of Labour Statistics. This marked the third straight month that the economy added jobs, after losing more than 20...

Opinion – Friday 31 July 2020

U.S Indices had a wild trading session before rallying into the close with economic data the focus. Another 1.43 million people filed Initial Jobless Claims in the week ending July 25, according to the Department of Labour. This was below Wall Street’s estimate...

Opinion – Thursday 30 July 2020

U.S Indices closed higher as the Federal Reserve kept rates steady, but said it is committed to doing whatever it takes to meet its dual mandate of maximum Employment and stable prices. It also pledged to continue Asset Purchases “at least” at the current...

Opinion – Wednesday 29 July 2020

Both European and U.S Indices closed lower in a quiet trading session as traders wait for the outcome of this evening’s FOMC Statement, followed by the virtual press conference from Fed Chairman Powell at 7.30 pm. Yesterday morning the ECB extended its recommendation...

Opinion – Tuesday 28 July 2020

U.S Indices closed higher as vaccine optimism gathers pace. Moderna announced that it has received another $472 million from the U.S Government’s Biomedical Advanced Research and Development Authority to support the development of the company’s COVID-19 vaccine...

Opinion – Monday 27 July 2020

U.S. Indices closed lower for the second consecutive trading session as tensions with China rose again. Beijing ordered the U.S Consulate in Chengdu to close in response to America ordering China’s Houston Consulate which was closed earlier in the week. The Republican...

Opinion – Friday 24 July 2020

A sell-off in the biggest Technology Stocks yesterday afternoon saw the U.S Indices break a four-day winning streak to post their lowest close in over a week in what turned out to be an extremely volatile trading session. The NASDAQ 100 was the biggest percentage...

Opinion – Thursday 23 July 2020

U.S Indices closed higher for the fourth consecutive trading session on vaccine news. Pharmaceutical company Pfizer and its biotechnology partner BioNtech have announced an agreement to sell 100 million doses of the Coronavirus vaccine to the U.S. Government. The...

Opinion – Wednesday 22 July 2020

European Indices rose but closed well off their early morning highs after EU Leaders finally agreed a Euro 750 billion Recovery Fund following four days of marathon talks. The Euro soared on this news closing at its highest level in 18 months, since January 2019 at...

Opinion – Tuesday 21 July 2020

U.S and European Indices closed higher yesterday, helped by a combination of vaccine optimism and the fact that the EU Leaders agreed on Euro 750 billion Recovery Fund, with 390 billion given by way of grants and the balance by a low Interest loan. Earlier, ECB...

Opinion – Monday 20 July 2020

US Indices traded in a narrow range before having a late rally into the close. Markets got a late boost after the National Allergy and Infectious Diseases Director Fauci said he was optimistic a Coronavirus treatment could be ready by this fall. Meanwhile Consumer...

Opinion – Friday 17 July 2020

European Indices closed mixed after ECB President Lagarde said in her virtual press conference following the unchanged announcement in Interest Rates at yesterday’s ECB Meeting, that she will not let Monetary Policy be constrained as she  fights to support the...