Daily

Financial markets reacted to BoJ’s decision, reviving a risk-on sentiment, driving equity and commodity prices. Japan dominated headlines on Friday as the BoJ continued its pursuit of inflation targets. A tight 5-4 vote by the BoJ board saw the implementation of a negative interest rate of 0.1% on certain excess… read more

Sentiment was mixed overnight. The S&P500 is up 0.7% but Eurozone and Chinese equities closed down 2% and 3%. Crude oil is up 3%, reach highest level since 6 January in choppy trade on Saudi and Russian production comments. The US dollar is weaker as US durable goods missed reflecting… read more

US rates remain on hold after the FOMC met overnight. The Fed left the rate range unchanged at 0.25% and 0.50% as expected, however dialogue appeared on the dovish side. Declines in oil prices continue to have a transitory impact on inflation as low energy and non-energy imports further the… read more

Global growth concerns revived as Asian markets tumbled. Oil price volatility continues to sway market sentiment, with yesterday’s downward price action prompting the sell-off in Asian equity markets. The Shanghai Composite hit 14-month lows, dropping 6.5% while the Nikkei and Hang Seng both down around 2.4%. Despite Asia Equity performance,… read more

Mild improvements in Asian markets overnight were not enough to support US and European equity indices, as oil price declines set the tone. Despite promising policy support from the ECB, markets remain wary of weak demand from China and falling oil prices. Early signs of an equity market rebound appear… read more

Global Equity markets continued their recovery on Friday, supported in-part by surging oil prices. Markets responded positively to the ECB’s post-meeting comments signaling for potential policy easing in March. Euro and US markets continued their recovery with the FTSE and DAX closing up around 2%. US markets followed trend amid… read more

Equity market rebounds and oil price fluctuations dominated the overnight session. The European Central Bank met overnight, signaling to the market that further easing is imminent. It is believed that recent waves of financial instability and low commodity prices have resulted in downside risks to economic growth and inflation. Oil… read more

World stocks sank to their lowest levels since 2013 on Wednesday, hit by another tumble in oil to 13-year lows that kept equity markets on track for one of their worst monthly performances ever. US markets were hit hard on the open, with the DOW down 200 points around close… read more

Despite the negative news from China, financial markets took it in their stride. Official figures showed that the annual rate of growth in China’s economy slowed to 6.8% in the three months to December from 6.9% in the previous quarter, matching forecasts. Positive risk sentiments helped the AUD recover from… read more

Markets were reasonably quiet overnight, with the US Martin Luther King Day holiday and no release of major data taking place. European markets consolidated after Friday’s losses as the Euro50 fell 0.6% while the DAX tipped 0.2% lower. Evidence remains that global growth concerns and oil price weakness continue to… read more