The EU embargo on Russian oil is a big story this morning. Members of the European Union have finally come to an agreement on the shape of the embargo. The EU decided on a ban on Russian seaborne crude imports that account for around two-thirds of total EU imports of Russian oil. An exemption was […]
Archive for May 31st, 2022
Archive for May 31st, 2022
Archive for May 31st, 2022
31
May
May
The Day Ahead
European markets set for lower opening EU agrees on Russian oil embargo CPI readings from Europe Earnings from HP and Salesforce European index futures point to a slightly lower opening of the cash session on the Old Continent today. A big story in the morning is the EU embargo on Russian oil that has been […]
27
May
May
The Day Ahead
European markets set to open mixed. US core PCE inflation for March to be released in early afternoon. Futures markets point to a mixed opening of the European cash session, following the stellar Wall Street session yesterday and upbeat trading in Asia today. DAX futures trade slightly below yesterday’s cash close at the moment, while […]
27
May
May
The Morning Brief
US indices finished yesterday’s trading higher. S&P 500 rose 1.99%, Nasdaq jumped 2.68% while Dow Jones gained 1.6%. Indices from Asia-Pacific are traded higher today. Nikkei added 0.62%, S&P/ASX 200 and Kospi rose 1.05% and 0.85% respectively while indices from China traded 0.45%-1.10% higher. DAX futures point to a higher opening of the European cash […]
26
May
May
Good Morning Traders
US indices finished yesterday’s trading higher after the release of the FOMC’s May meeting minutes showed no signs that FED could turn more hawkish to curb rising inflation. S&P 500 rose 0.95%, Nasdaq jumped 1.51% while Dow Jones gained 0.60%. Indices from Asia-Pacific are traded mixed today. Nikkei dropped 0.15%, S&P/ASX 200 and Kospi fell […]
25
May
May
Good Morning Traders
US indices finished yesterday’s trading lower. S&P 500 dropped 0.81%, Nasdaq slumped 2.35% lower and Russell 2000 moved 1.56% lower. Dow Jones was an exception as it gained 0.15%. In spite of a poor Wall Street session, indices from Asia-Pacific are traded higher today. S&P/ASX 200 and Kospi gained 0.6% while indices from China traded […]
24
May
May
The Morning Brief
US indices rallied yesterday with S&P 500 gaining 1.86%, Dow Jones adding 1.98% and Nasdaq moving 1.59% higher. Russell 2000 gained 1.10% Moods deteriorated after close of the Wall Street session with S&P 500 futures trading over 1% below cash close Indices traded lower during today’s Asian session. Nikkei dropped 0.8%, S&P/ASX 200 moved 0.2% […]
20
May
May
Talking GBP/CHF
Release of the UK retail sales report for April this morning turned out to be a positive surprise. While retail sales were 4.9% YoY lower in April, the market expected a drop of 7.1% YoY. On a month-over-month basis retail sales showed an unexpected increase of 1.4% (exp. -0.2% MoM). This was the first positive […]
20
May
May
The Day Ahead
European indices set for higher opening UK retail sales with unexpected monthly increase in April Industrial production and jobs data from Poland Futures markets point to a higher opening of the European cash session. Downward move on Wall Street slowed yesterday while Asian indices gained during a session today, setting stage for a higher opening […]
20
May
May
Good Morning Traders
US indices finished yesterday’s session lower but magnitude of a drop was much smaller than the day before. S&P 500 dropped 0.58%, Dow Jones moved 0.75% lower and Nasdaq was down 0.26%. Russell 2000 outperformed and gained 0.08%. Indices from Asia-Pacific traded higher today, recovering much of yesterday’s drop. Nikkei gained 1.3%, S&P/ASX 200 moved […]