MarketPulse

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 buttonThe 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 500...

US stock markets directionlessUS 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 MondayThe 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...

The Veterans Day holiday in the US saw oil trading volumes decline overnight. After both Brent and WTI spiked higher initially, they quickly gave up those gains, finishing almost unchanged at USD43.75...

Asian stock markets in calm watersAsian equities are drifting today, content to follow Wall Street’s positive session. The overnight session was notable for gains in the Nasdaq, which rose 2.01%...

US dollar down slightly in AsiaOvernight the US dollar consolidated on forex markets, with the dollar index almost unchanged at 92.75. Amongst the major currencies, the Japanese yen retraced some of...

Oil continues to defy gravityThere are no signs of a correction in oil markets, with Brent and WTI rising strongly again overnight as oil traders go all-in on a vaccine-led recovery boosting demand....

Asian equities see rotation trade profit-takingThe overnight session in New York saw a sense of calm return after the feeding frenzy of the day before. The technology work from home sectors remained...

Pfizer (NYSE:PFE) sends equities sharply higher.Financial markets danced the time warp back to the future overnight, as Pfizer and BioNTech announced that the preliminary results of their COVID-19...

Asian equities take their cue from higher US marketsAsian equity markets are set for a healthy day today after the great rotation trade sweep European and American stock markets overnight. Nowhere was...