Daily Market Insights
Good Morning!Yesterday, in response to the Federal Reserve’s decision to nothing with rates, Wall Street tumbled by 360 points and the USD lost further ground against foreign currencies world wide. The reaction to an abominable posturing by policy setters was somewhat predictable. read more...
As Suspected, Fed Had Not the Courage! 26/6-08 at 09.24
Good Morning!In our commentary yesterday we argued that the proper course of action by the Fed was to begin the rate rise scenario in the face of fairly substantial pricing pressures. We also stated that while this was the most prudent course, that it was unlikely that Bernanke and the F read more...
Bernanke Maintains First Strike Initiative! 25/6-08 at 09.09
Good Morning!When playing with ballistic missiles in thermo-nuclear war, First Strike Initiative refers to the ability of one side to make a pre-emptive launch against the enemy for reasons of self preservation. Today after a two day meeting the Fed will announce its decision on interest read more...
Saudi Arabia’s announcement that it will increase production by 200,000 BBL’s for July was met with skepticism by traders as investors viewed the communiqué as little more than lip service to the west. Focus immediately turned to the unstable situation in Nigeria where Shell had said it would s read more...
Traders Eye More US Inflation and Housing Data! 17/6-08 at 09.16
Good Morning!Asian stocks were modestly higher overnight, save Australia which posted smart gains on mining issues. In Japan, the Nikkei was flat at 14,348, while Hong Kong tacked on 28 points. In Europe shares are showing robust gains with most continental indices up by 1% or more. The Ge read more...
Markets Await US Inflation Data and Energy Inventories! 11/6-08 at 09.08
Good Morning!Asian stocks were mixed overnight with Japan posting its first gain in a week, while Hong Kong shares were lower on expectations that China will take further tightening measures to ward off price increases. The Nikkei advance almost 1.2% while Hon Kong gave up about 1/4 %. I read more...
Trichet Leads the Central Bank Charge on Inflation! 06/6-08 at 09.16
Good Morning!Far Eastern share issues were mostly higher overnight as commodities companies advance on the back of higher crude oil prices. Both Japan and Australia were higher by more than 1% while in Hong Kong stocks tacked on 0.6%. In Europe, markets are fairly quiet as traders await read more...
Stocks in Europe Retreat on Credit Woes! 04/6-08 at 20.52
Good Morning!Asian stocks broke step with Wall Street last night to finish mostly higher in spite of the mark downs in New York. In Japan, the Nikkei 225 advanced by 1.6% led by automotive and electronic issues after regional automakers outsold US manufacturers for the first time. On the read more...
Euro Zone Growth Meets Higher Expectations! 03/6-08 at 09.14
Good Morning!Asian share markets were mostly lower overnight snapping 4 days of gains as a re-emergence of credit concerns filtered into the financial and automotive sectors. The Nikkei 225 fell by 231 to 14,209 and Hong Kong’s Hang Seng gave up 1.8% to 24,376. Elsewhere Australia’s AS read more...
ECB Celebrates 10 Year Birthday! 02/6-08 at 08.55
Good Morning!Far Eastern stocks rose overnight as traders pursued the momentum established in the previous 3 sessions and took encouragement that the region may well be able to pass on pricing pressures to customers. In Japan, the Nikkei 225 rose by 0.7%, while in Hong Kong the market wa read more...
