DAILY MARKET REPORT

DAILY MARKET REPORT

U.S. equities indices tanked for the second straight session on Tuesday. The S&P 500 and the Dow Jones Industrial Average both shed more than 3% on Tuesday while the Nasdaq Composite fell 2.8%. EQUITIES Asian stock markets fell on Wednesday after US health authorities warned Americans to get ready for an inevitable coronavirus outbreak. European...
DAILY MARKET REPORT

DAILY MARKET REPORT

South Korea raised the country’s infectious-disease alert to the highest level after the number of cases there soared by several hundred within days. As per the latest report 60 new cases on Tuesday, increasing the total number of infected patients there to 893. EQUITIES Global markets saw a strong day of selling across the board...
DAILY MARKET REPORT

DAILY MARKET REPORT

German Ifo business climate rises surprisingly in February: 96.1 vs. 95.3 expected, prior to 95.9. Euro bounced 25 pips after the strong report but the pair retraced back to the support later. EQUITIES Global stock markets trading lower on Monday after a surge in the number of new coronavirus cases reported outside China. Australia's benchmark...
DAILY MARKET REPORT

DAILY MARKET REPORT

German Manufacturing PMI for Feb came out better-than-expected with a score of 47.8 points (highest in 13 months). While IHS Markit’s Euro Zone Composite Flash PMI rose to 51.6 in February beating prediction of 51.0. EURUSD climbed back to the resistance 1.0820. EQUITIES Asian shares trading lower on Friday followed by Wall Street. The Dow...
DAILY MARKET REPORT

DAILY MARKET REPORT

UK retail sales advanced more than expected in January. The data came at 0.9% in Jan vs. +0.7%. This was the biggest rise since March 2019. EQUITIES Global shares eased from record highs on Thursday due to fears about the global impact of the coronavirus outbreak after research suggested it was more contagious than previously...