Market news
Aussie gains after jobs report, BoK unexpectedly cuts rates
Summary: Australian dollar trades higher following a jobs report for June Bank of Korea reduces interest rates by 25 bps, just 25 bps above its record low level Japanese exports/imports slump ...
Stock of the week: Galapagos
Summary: - Galapagos and Gilead Science announced deeper cooperation over the weekend - Gilead to invest massive amounts of money in Galapagos - Two promising projects in late-phase clinical trials - ...
Oil remains under pressure; Pound still near 2-year lows
Summary: Oil drops despite inventory draw Equities pullback DE30: carmakers drop after fall in sales UK inflation data inline; GBPUSD remains near 2-year low CAD CPI meets forecas...
Wall St to start new week in the green; Citi beats on earnings
Summary: Further gains seen for US indices Empire Fed manufacturing index: +4.3 vs +2.0 exp Citi beats on both earnings and revenue Equities have made a pretty solid start to t...
USD holds firm at the end of the week, Italian stocks plummet
Summary - Mixed stock session in Europe, Wall Street ticks higher - USD trades as the strongest G10 currency - Canadian retail sales disappoint - UoM consumer sentiment misses estimates slightly - It...
UoM data disappoints slightly, Microsoft rallies on earnings
Summary - University of Michigan consumer confidence misses expectations - S&P 500 (US500) found some support at the 33-period EMA - Microsoft (MSFT.US) reaches new ATH after earnings release Th...
Economic calendar: Canadian retail sales in the limelight
Summary: Canadian retail sales for June among the highest priority readings Preliminary data regarding US consumer confidence Retail sales from the Polish economy on the agenda too 9:00 am ...
USD recoups losses after Fed clarifies Williams and Clarida comments
Summary: US dollar gains ground this morning after it slumped on Thursday following dovish comments from Fed’s Williams and Clarida The US destroyed an Iranian drone after it approached the USS ...
US stocks recover; EUR slides as ECB mulls policy change
Summary: Wall Street rises after recent declines Stock of the week: Galapagos Euro losses ground as ECB mulls inflation target change UK retail sales beat forecasts Nickel has ano...
US stocks to start little changed; Philly Fed jumps
Summary: US benchmarks remain near weekly lows Philly Fed tops estimates; Initial jobless rises S&P500 pulls back to 8/21 EMA zone Wednesday saw US indices close lowe...
Euro loses ground as ECB mulls over inflation target change
Summary: ECB is believed to call into question its “below but close to 2% inflation objective” A change needs a review, would be implemented when draghi steps down Euro moves down and approach...
Nickel has another astonishing week
The price of nickel is going through another great day, despite a general risk-off that is primarily visible on the stock market and is caused by concerns about an economic slowdown. Nickel takes adva...
UK retail sales beats forecasts but FTSE drifts near 2-week lows
Summary: Retail sales M/M: +1.0% vs -0.3% exp. -0.6% prior 5th time in 6 months consumer spending beats forecasts FTSE dips back below 7500 level An unexpected rise in UK...
Economic calendar: UK data and companies’ earnings
Summary: - British pound waits for the retail sales data release - Polish industrial output expected to have declined significantly in June - Microsoft (MSFT.US) and Morgan Stanley (MS.US) among compa...
Oil drops despite inventory draw; Key support being tested
Summary: EIA inventories: -3.1M Gasoline and distillates show sizable builds Oil remains under pressure after Tuesday’s sell-off The weekly crude oil inventory release fr...
