Asian markets open mix, Nikkei advances by 2%
Jan 27, 2016 03:27 am UTC| Commentary
A mix trend prevails in early Asian markets as the oil price bounce provided some movement. Japans benchmark Nikkei 225 index was 2.56% higher at 17,136.34, while the Topix index was up 2.58% at 1,395.36. In China,...
Central Banks around the world powerless to control headline inflation
Jan 27, 2016 02:21 am UTC| Commentary Central Banks
No central bank in the world is currently perceived to be in control of headline inflation and misguided. When Draghi says there are no limits to what the ECB can do to reinflate the Eurozone, hes playing to the press...
Are lower oil prices good or bad?
Jan 26, 2016 18:32 pm UTC| Commentary
In principle, a lower oil price should be positive for the world economy. The transfer of income from producers to consumers, who are more likely to spend on other goods and services, should boost global demand. At worst,...
Jan 26, 2016 16:12 pm UTC| Commentary
Equities are all green 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,...
Currency snapshot (major pairs)
Jan 26, 2016 15:58 pm UTC| Commentary
Dollar index trading at 99.19 (-0.08%). Strength meter (today so far) - Euro -0.10%, Franc -0.59%, Yen -0.23%, GBP +0.59% Strength meter (since last week) - Euro +0.47%, Franc -0.33%, Yen +0.22%, GBP +0.48% EUR/USD...
US consumer confidence shrugs off stock market slump
Jan 26, 2016 15:54 pm UTC| Commentary
The increase in the Conference Boards measure of consumer confidence to a three-month high of 98.1 in January, from 96.3, indicates that households are not buying into the pessimism in financial markets. It also suggests...
FOMC preview-Fed to sound mildly dovish
Jan 26, 2016 15:28 pm UTC| Commentary Central Banks
The Fed will take a wait-and-see attitude at this weeks FOMC meeting. Although the central bank is likely to sound mildly dovish, acknowledging the increased risks to the outlook posed by the recent tightening of financial...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects