The market looks for another volatile week as geopolitical concerns and high commodity prices look likely to remain a key factor in the last week of March. Market sentiment will also be dictated by the Federal Reserve's responses to key core figures coming out later this week. Commodities Oil prices are set to remain in focus with concerns fr...
The USA and other Western nations have intimated that they are planning to block Russia's access to its international stockpile of gold. Russia has so far been able to use gold to support the Rubel as a tool to reduce the impact of sanctions. Russia has been able to trade gold assets for more liquid foreign exchange that have not been subject to cu...
US indices retraced overnight as the market took a step back to assess the recent rally. The Nasdaq finished down 1.32%, the Dow Jones Index was down 1.29% and the S&P 500 was 1.23% in the red. Despite the selling, the session was still a far cry from recent sell-offs. In Europe, the DAX slumped 1.31% after showing some strength early in the...
The US technology sector rose again last night and worked back the losses from the previous day of trading as the market came to grips with the Federal Reserve’s announcement surrounding interest. Tesla was a standout performer and has seen a huge rise in the last week rising more than 20% and rising 7.91% overnight. The Nasdaq moved up 1.95%. Th...
US indices were down today as Jerome Powell indicated that the Federal Reserve is going to increase interest rates at a higher and faster rate than currently in place. US equities dropped after Powell’s speech. Ultimately the major indices ended relatively flat by the close of trading. The Nasdaq closed down 0.40% after taking a breather from its...
Global indices ended the week on a high as the US indices all recovered some of their recent sell offs. The Nasdaq was the strongest performer rising 2.05% to close the week. For the week, the index was able to recover some of its recent selling, finishing up 8.18%. It was also the Technology sector's best week since November 2020. However, it i...
US markets continued their gains overnight as the market continued to rally on the back of the prior day’s Federal Reserve news. The Nasdaq finished up 1.33%. The Dow Jones Index closed 1.23% higher and the S&P 500 ended the session 1.23% higher as well. In Europe, the FTSE performed well finishing up and 1.28%, and the DAX closed at 0.36% lo...
US indices had a bumper day of trading as the Federal Reserve increased interest rates by 25 basis points. The Reserve is also expected to raise rates to between 1.75% and 2.00% by the end of the year, with 7 increases expected till the end of 2022. The Federal Reserve made it clear that they are doing their utmost to fight inflation. Jerome Powell...
The Dow Jones closed flat after another volatile day. The Nasdaq and the S&P 500 finished 2.04% and 0.74% lower respectively, as tech continued its sell-off and the Nasdaq confirmed its Bear market. The European markets performed a little better as optimism that the worst of Ukraine and Russian conflict may have passed. The FTSE moved up 0.5...
Global indices finished relatively flat compared to recent day's price action on the back of failed peace talks between Russia and Ukraine and the ECB decision to speed up the ceasing of stimulus support. All eyes were on the USA and their CPI figures which came in as expected with a rise of 0.8% for February and the 12-month figure increased by...
The global markets had a strong night of trading on the back of renewed peace talks between Russia and Ukraine. Equity indices were up, whilst commodities took a breather from their recent highs. Reports coming out of Europe indicated that Ukrainian President Volodymyr Zelensky has cooled off on the prospect of Ukraine joining NATO and is open to d...
The USA and the UK announced measures to ban Russian oil imports in order to isolate Russia from the global economy. This follows on from sanctions imposed on Russia’s top oligarchs and government officials along with its central bank in a bid to push against Russia’s war on Ukraine. The market responded to the news with a volatile trading sess...
Energy prices have continued to soar with the US indices struggling again as the West debates placing more sanctions on Russia. The Nasdaq closed 3.62% down overnight and is officially in a Bear market after falling 20% since the November 2021 highs. The Dow Jones finished down 2.37% and has also confirmed a correction as it closed down 10% from th...
The market closed the week down overall as volatility continues due to the Russia and Ukraine conflict. The Dow Jones dipped 0.5%, the S&P500 fell 0.8%, and the NASDAQ performed the worst, declining 1.7%, despite generally positive sentiment from the USA concerning the employment figures released on Friday. Employers added 678,000 jobs to the w...
Global indices were choppy overnight, mainly finishing lower on the back of failed peace talks and Russia continued advances in Ukraine. According to reports from the French government, the Russian president Vladimir Putin intends to take the country by any means and that “the worst is to come”. The reports sent the FTSE 100 down 2.57%. The dec...