DAILY MARKET REPORT

DAILY MARKET REPORT

US-Iran tensions continue to control the market. The US has claimed that Soleimani was plotting terror attacks against US interests in Iraq, while Iran has vowed to retaliate against his killing. Oil prices have eased lower while equity markets, which weakened heavily on Monday, rebounded in early trading. EQUITIES Overnight, the US market closed higher...
DAILY MARKET REPORT

DAILY MARKET REPORT

Gold price hits 6 years high. The yellow metal volatility was set off by Friday’s killing of a top Iranian general in a US airstrike. The situation worsened on Sunday after US President Donald Trump threatened sanctions on Iraq after it passed a resolution calling for the withdrawal of US and other foreign troops. EQUITIES...
DAILY MARKET REPORT

DAILY MARKET REPORT

The United States killed Iranian Major-General Qassem Soleimani, head of the elite Quds Force and architect of Iran’s spreading military influence in the Middle East, in an airstrike on Friday at Baghdad airport, the Pentagon and Iran said. EQUITIES Asian markets and US futures are falling after U.S. airstrikes in Iraq killed a top Iranian...
DAILY MARKET REPORT

DAILY MARKET REPORT

The People's Bank of China (PBOC) said on Wednesday it was cutting banks' reserve requirement ratio (RRR) by 50 basis points, releasing around 800 billion yuan ($114.84 billion) in funds and they mention economic growth remains resilient despite relatively large downward pressure and mounting external uncertainty. It was the eighth cut in the RRR since...
DAILY MARKET REPORT

DAILY MARKET REPORT

2019 has come to an end and we are heading into 2020. Global equity markets scaled fresh records in a year-end rally on Friday as upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent bolstered global growth prospects. EQUITIES A broad gauge of Asian share markets rose to the highest in 18...