International Markets

Profit taking seen in light trading

US paring gains after bank holiday weekend The US returns from its long bank holiday weekend on Tuesday with stock market in profit taking mode, following four consecutive weeks of gains. It would appear that investors took advantage of light bank holiday trade on Monday to lock in some profits fol ...

Appetite for market risk is very low

Tuesday January 22: Five things the markets are talking about Appetite for risk in this holiday shorted week starts on the low side with Euro and Asia equities under pressure in their respective sessions, along with U.S futures, as an uncertain outlook for global trade and growth continues to inhib ...

DAX under pressure as UBS blues drag down banking sector

The DAX index has edged lower in the Tuesday session. Currently, the index is at 11,097, down 0.35% on the day. In economic news, Germany releases ZEW Consumer Sentiment remains weak, but improved to -15.5 points. This was better than the estimate of -18.8 points. Eurozone ZEW Economic Sentiment ti ...

US Stocks Led Last Week’s Rebound

Global equities, real estate and commodities posted solid gains last week, offsetting losses in bonds. Overall, it was a mixed week for the major asset classes, but an upside bias clearly dominated. Vanguard Total Stock Market (VTI) topped the winner’s list for the trading week ended Friday, Jan. ...

Risk appetite to be tested on geopolitical concerns

Monday January 21: Five things the markets are talking about It’s expected to be an interesting holiday-shortened week for capital markets. Last night we had Chinese Q4 GDP data, where the world’s second-largest economy grew +6.6% in 2018, the slowest annual pace in nearly 30-years. Today it ...

DAX rally takes pause on China concerns

The DAX index has lost ground in the Monday session. Currently, the index is at 11,154, down 0.53% on the day. In economic news, there are no major German or eurozone releases. German PPI declined by 0.4%, the first decline since February 2018. On Tuesday, Germany releases ZEW Economic Sentiment. T ...

Countries backing away from Chinese belt and road investments

Some countries are scaling down or scrapping entire projects that are part of China’s Belt and Road Initiative amid mounting financial concerns over the continent-spanning venture. In recent months, developing nations such as Pakistan, Malaysia, Myanmar, Bangladesh and Sierra Leone have ei ...

China posts lowest growth in 28 years in 2018

China on Monday announced that its official economic growth came in at 6.6 percent in 2018 — the slowest pace since 1990. That announcement was highly anticipated by many around the world amid Beijing’s ongoing trade dispute with the U.S., its largest trading partner. Economists polled by Re ...

Trump optimistic on deal with China

U.S. President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs on Chinese imports. “Things are going very well with China and with trade,” he told reporters at the White House, adding that he had seen some ...

Brexit plan B to focus on backstop

Theresa May will try to convince Tory Brexiteers and DUP MPs to back her withdrawal deal by resolving Irish backstop concerns, Cabinet sources say. Last week, Mrs May said she would focus on cross-party talks to get a Brexit deal accepted by Parliament. But it is understood she is now seeking to ...