Market news

12:35 PM

BREAKING: Jobless claims above 6000k once again!

The US jobless claims report was released at 1:30 pm BST. The reading once again showed a bigger than expected value. Initial jobless claims came in at...

12:01 PM

Stock Market Comment: What to look at in Q1 earnings reports?

Wall Street Q1 2020 earnings season starts next week Big banks and airlines among the first to report CapEx, dividend and buyback...

11:46 AM

Technical alert: US100

The upward move on the US100 index was halted today in the vicinity of highs from March 7 (8285 pts). Nevertheless, short-term trend remains upward therefore...

11:26 AM

Coronavirus: market update

Global coronavirus cases surpassed 1,5 million today with over 332,000 recoveries. The number of people confirmed to have died as result of the coronavirus...

9:47 AM

Oil gains ahead of OPEC+ video meeting

Oil is in the spotlight this week with two big meetings scheduled for today (OPEC+) and tomorrow (G20 energy ministers). Crude is moving higher ahead of...

8:58 AM

DE30 fails to break above Tuesday's high

Stocks in Europe retest recent highs DE30 fails to break above Tuesday's high Airbus (AIR.DE) to slash airplane production by...

7:56 AM

Trade of the day - Platinum

Platinum jumped towards 38.2% retracement Industrial demand for platinum likely to drop on factory closures Source: xStation5 Recommendation Trade:...

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6:13 AM

Economic calendar: All eyes on OPEC+ and Eurogroup meetings

OPEC and non-OPEC producers to hold video meeting Eurogroup to restart pandemic funding talks US jobless claims and Canadian labour...

5:39 AM

Morning wrap

US indices finished yesterday's session with big gains. S&P 500 closed 3.41% higher, Dow Jones added 3.44% and Nasdaq jumped 2.58% Gains...

5:18 PM

Daily summary: European stocks fall as coronavirus crisis deepens

• European indexes went down as the pandemic continues to spread • US indices rebound • Bernie Sanders withdrew from the...

2:42 PM

BREAKING: US Crude Oil Inventories rose more than expected

The U.S.' crude oil inventories increased more than market expectations last week as demand destruction stemming from the coronavirus wears on. According...

2:22 PM

US OPEN: Wall Street rebounds as hope returns

• US stocks open higher • TESLA  (TSLA.US) is cutting wages • Pinterest (PINS.US) soared 14% in extended trading   Yesterday’s...

11:59 AM

Commodity Wrap - Oil, Gold, Silver, Coffee

Oil Investors wait for OPEC+ video meeting (Thursday). Output cuts will be discussed Donald Trump raised hopes for a cut of 10-15 million...

11:06 AM

Coronavirus: market update

Optimism over a slowdown in coronavirus cases faded after latest reports suggest the outbreak is far from contained. Global coronavirus cases rose to 1,446,981...

10:28 AM

Technical alert: U500

US indices are trading in a local sideways move today. Looking at US500 chart, one can see a head and shoulders formation which often heralds a trend reversal....

9:17 AM

DE30: European stocks pull back after Eurogroup failure

Stocks pull back as Covid-19 cases jump and Eurogroup lacks consensus DE30 with a floor near 38.2% retracement (10,200 pts) Infineon...

8:42 AM

Trade of the day – GBPAUD

Summary: The situation associated with coronavirus looks much better in Australia than in the UK The Australian economy depends much on China,...

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6:20 AM

Economic calendar: Focus on FOMC minutes

FOMC minutes to be released today Eurogroup failed to find consensus on pandemic funding No major reports are scheduled for release...

5:35 AM

Morning wrap

US indices made a big reversal during yesterday's session. S&P 500 closed 0.16% lower after rising as much as 3.5%. Dow Jones finished 0.12%...

5:05 PM

Daily summary: Global equity markets rose on coronavirus optimism

• Spread of the coronavirus may be slowing, • European indexes end higher for second day, • US Dollar falls further,   European...