MarketPulse

Asian equity markets have a defensive tone today even though an agreement on a follow-on US fiscal stimulus package has been reached. The Covid-19 mutation in the United Kingdom has spooked markets,...

Profit-taking hits oil prices As US stimulus talks reached a temporary impasse, the more cautious tone in markets overnight was enough to spur profit-taking in an oil market that is very very long....

On Friday, US employment data seemed to confirm the worst for the US, that the rampaging COVID-19 pandemic was holding the US recovery far too close to the waterline. Non-Farm Payrolls added only...

Oil achieves near-earth orbit Oil prices raced higher overnight, something which has caught the author off-guard. With an orderly Presidential transition in sight, vaccine boosters and expectations...

The decision by President Trump to allow the release of transition funds by the GSA was interpreted as a concession in any other words. That has given renewed momentum to the rally seen on Wall Street...

Dollar whipsaws against euro, sterling Currency markets were whipsawed last night, with the dollar index trading in a near 80-point range before closing almost unchanged. The dollar was boosted by...

Manufacturing PMIs beat expectations Financial markets have had to cope with something most usual over the past 24 hours in 2020, a procession of good news. The efficacy of AstraZeneca’s...

The weekend news front was relatively quiet unless following the saga of the US election results was your thing. Sentiment is driving markets this morning, and that is mostly positive. Covid-19...

The US dollar drifted lower overnight following disappointing US Retail Sales and with increasing concerns about the downstream effects of the resurgent Covid-19 pandemic. The data saw US Treasury...

Asia markets drifting as investors hit pause button The disappointing US Retail Sales was enough of an excuse for investors to lock in some recent profits. US markets drifted lower with the S&P...

US stock markets directionless US equity markets drifted lower overnight, as US Retail Sales disappointed. That was enough of an excuse for investors to bank some recent gains in equity and energy...

The Moderna (NASDAQ:MRNA) vaccine announcement had a negligible effect on currency markets overnight. Asian and G-10 currencies were almost unchanged for the session, with only the pro-cyclical...

Moderna (NASDAQ:MRNA)’s vaccine announcement had probably its largest effect on oil out of the main asset classes. Hopes of a return of social mobility saw airlines rally overnight, and that...

The Moderna (NASDAQ:MRNA) vaccine news lifted Wall Street overnight, with the S&P 500 rising 1.17%, the NASDAQ rising 0.80%, and the cyclical-heavy Dow Jones jumping 1.62%. In Asia though, the...

The vaccine rotation trade got another burst of momentum overnight, with Moderna’s Covid-19 vaccine preliminary data indicating a 94.50% effectiveness. More importantly, it can be stored in a...

Asian equities sharply higher on Monday The signing of the RCEP trade agreement, robust regional GDP data, and a firm finish to Wall Street on Friday have all combined to lift Asian stocks sharply...