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After a very weak session in the US overnight, some bargain hunting was evident in Hong Kong and Australian markets. In early European trading we have mixed markets with FTSE at 7584 down 2 , Dax at 13240 up 42 , and CAC at 5483 up 10. In currency markets we see a continued weak US Dollar with EUR showing at 1.2444 up 41 , GBP at 1.4185 up 36 and DXY at 88.82 down 18. Brent Oil prices are at 68.60 down 42 with markets awaiting stockpile data from US out tonight. Gold is last at 1343.25 up 4.85 with the weak USD.
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Topics: Market News, Invest, European Market Update
A partnership between Amazon , JP Morgan and Berkshire Hathaway to set up a Not for Profit Healthcare company has pushed the stock prices of existing companies lower and set up the Dow for some weakness.
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Topics: Market News, Invest, US Market Outlook
Markets turned negative in the past 24 hours as bond yields continued to rise , US 10yr reaching 2.72% highest in 4 years. US dollar has rebounded and oil has slipped as the steady trends for past 5 weeks are reversed.
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Topics: Market News, Invest, European Market Update
Asian markets were lower with some profit taking in large cap chinese stocks after great run higher and as New Year approaches. Europe was also lower as Spanish bank Bankia cited one off restructuring costs as it released a loss for the quarter. Stock was down 4%.
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Topics: Invest, USD, US Market Outlook
