Weak UK services PMI data highlights the drag from global growth concerns and Brexit worries
Mar 03, 2016 15:05 pm UTC| Commentary Economy
Data released earlier on Thursday showed that seasonally adjusted Markit/CIPS UK Services PMI fell to 52.7 in February, from 55.6 in January. The reading was the lowest since March 2013 and suggests the UK economy has lost...
Mar 03, 2016 14:52 pm UTC| Commentary
Equities are all mixed in todays trading. Kindly note all instruments mentioned here are CFDs, whose values might differ from cash or future traded. Performance this week at a glance in chart table - SP 500 - SP 500,...
Oil prices ignore massive inventory build, taking longer-term aspects into account
Mar 03, 2016 14:49 pm UTC| Commentary
US Department of Energy reported on Wednesday that US crude oil stocks had risen sharply by more than 10 million barrels to a new record level of 518 million barrels last week. Oil prices rose to eight-week highs...
Mar 03, 2016 14:28 pm UTC| Commentary
Energy pack is down in todays trading. Weekly performance at a glance in chart table. Oil (WTI) - WTI bulls are consolidating around $34-35 key resistance area. Further rise is likely. Todays range $34.9-34.3 WTI is...
Commodities snapshot (precious & industrial)
Mar 03, 2016 13:55 pm UTC| Commentary
Metal pack is flat today. Performance this week at a glance in chart table - Gold - Gold is flat today benefiting from weaker Dollar and under pressure due to rising equities. Todays range $1237-1246 Gold is...
Currency snapshot (major pairs)
Mar 03, 2016 13:28 pm UTC| Commentary
Dollar index trading at 98 (-0.20%). Strength meter (today so far) - Euro +0.34%, Franc +0.22%, Yen -0.41%, GBP +0.01% Strength meter (since last week) - Euro -0.26%, Franc +0.09%, Yen +0.02%, GBP +1.61% EUR/USD...
Brazil economy faces steepest contraction since 1981
Mar 03, 2016 12:55 pm UTC| Commentary Economy
Todays data confirmed that Brazil is facing its worst economic crisis in at least three decades, however this time around its not just economic but the country is facing political uncertainty as well. A corruption scandal...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight