DAILY MARKET REPORT

DAILY MARKET REPORT

China's annual inflation rate jumped to 5.4% in Jan 2020 from 4.5% in December, above the market consensus of 4.9%. The fastest acceleration since October 2011 was mainly down to the skyrocketing price of food. The price hikes were mainly caused by the Lunar New Year holidays and novel coronavirus outbreak. EQUITIES Asian stocks ended...
DAILY MARKET REPORT

DAILY MARKET REPORT

The US nonfarm payrolls report is the highlight of today’s economic calendar. The dollar is trading two weeks high against the main currency pairs and the NFP report due at 13:30 GMT today. EQUITIES U.S. and European stock markets reached record highs on Thursday after strong fourth-quarter earnings season and China’s move to halve additional...
DAILY MARKET REPORT

DAILY MARKET REPORT

Euro trading weak after factory orders and retails sales missed the expectations. The next key support around 1.0980 – the low from November 27. On the higher side the immediate resistance at 1.1030. EQUITIES Asia equity markets are supported by the tailwinds from Wall St. where S&P 500 and NASDAQ posted record closes amid strong...
How coronavirus could affect the global economy?

How coronavirus could affect the global economy?

Overview The new coronavirus is very dangerous and continues to spread rapidly, although key details of its nature are still unconfirmed by the WHO. The virus spread to at least 23 countries, infecting more than 17,000 people and killing at least 425. On January 30 The World Health Organization declared a global emergency over the...