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Let's begin with China where the HSBC manufacturing PMI report came in better than expected. China's manufacturing is still contracting but the results are mixed. New orders seem to have picked up,...
I like to call the Greek crisis as Mr Greger (Gre= Greece, and Ger= Germany) who is always grim to predict because he breathes and eats speculations. However, there are some of the scenarios which can...
Investors are biting the positive optimism that all the hard labor put on Greek negotiations will have its happy ending and this has pushed the equity markets higher. Some markets have actually made...
The US dollar is extending its recent gains against most major currencies today. The euro is lower for the third session after last week's attempt above $1.1400 was rebuffed. While today's euro losses...
The US economy to finally improve significantly? Despite the Fed’s resolute optimism, economic data for the past two months and a half did not paint a shining picture of the world’s...
Euro area composite index of manufacturing and services hit its highest level in more than four years in June on improvement in the region’s biggest economies.The Purchasing Managers’...
Equity markets have been and continue to front run a potential deal for Greece. But to say it’s ‘’cautious optimism’ belies the massive moves witnessed in equity indices...
Deal by the end of the week?The European data largely overlooked yesterday was consumer confidence, which came in slightly lower than expected at -5.6, unsurprising given the current drama in Greece....
With the clock counting down to the June 30 deadline, it would appear that the proposal made by the Greek Government over the weekend has added new impetus into the debt negotiations. On June 30 the...
Market BriefIn China, the long weekend did not calm down the bears. Mainland Chinese shares are being sold out during the Asian morning despite China’s June flash PMI improved marginally to 49.6...
In Asia, Japan saw a worse-than-expected preliminary June manufacturing PMI, while the preliminary HSBC manufacturing PMI for China beat slightly, though both were slightly below the 50 level,...
Greece’s latest budget proposal moved the struggling country away from the risk of defaulting on its loans and leaving the euro bloc on Monday. Eurozone leaders welcomed the proposal as good...
The prospect of a deal on Greece by Wednesday evening following months of tough negotiations is likely to keep the mood in the markets very upbeat this week.I don’t think it’s a...
Optimism on progress in Greece debt negotiation gave risk markets a strong boost overnight. DJIA rose 103.83 pts, or 0.58%, to close at 18119.78 while S&P 500 rose 12.86 pts, or 0.61%, to close at...
Market Movers Focus to stay on Greece following positive news yesterday (see more below). The 'Institutions' are expected to work hard towards a final agreement during the coming days, hence the...