DAILY MARKET REPORT

DAILY MARKET REPORT

The ECB is set to hold its first monetary policy meeting of this year is due today; Investors and traders pay attention to Christine Lagarde's press conference for any potential moves in the euro currency later today. EQUITIES Asian shares tumbled on Thursday, led by the biggest slide in Chinese stocks in more than eight...
Economic impacts caused by Iran/US war

Economic impacts caused by Iran/US war

Overview The beginning of a new decade was convulsive after US assassination of Iranian al-Quds commander Qassem Suleimani and Iran’s initial retaliation against two Iraqi bases housing US troops, financial markets moved into risk-off mode: oil prices spiked by 10%, the US and global equities dropped by a few percentage points and safe-haven bond yields...
DAILY MARKET REPORT

DAILY MARKET REPORT

Breaking: Death toll reaches 9 from Corona Virus. A virus called coronavirus out of China, with more than 200 cases diagnosed, and other countries. Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to the U.S. EQUITIES European shares bounced back on Wednesday, as...
DAILY MARKET REPORT

DAILY MARKET REPORT

The Swiss Investment Bank UBS cuts mid-term targets after 2019 profit drop. UBS reported a net profit of $4.3bn for 2019, compared with $4.5bn in 2018 The shares down 5% today after the Swiss bank misses 2019 group targets for profits, revenue and costs. EQUITIES A viral outbreak in China is already affecting global markets...
Middle East Tensions to be Diminishing Factor in Oil Prices

Middle East Tensions to be Diminishing Factor in Oil Prices

Just as tensions in the Middle East began to escalate, it seemed that regional, political and military factors will significantly influence oil price increase in the long term. Yet, it proved that no more than a week after a partial relief, crude oil prices are 10 % down, Gulf Brokers reported. While price of Brent...