Category: Recent

U.S. President Donald Trump privately discussed firing Federal Reserve Chairman Jerome Powell also weighed on investor sentiment. Some of the markets will close early for Christmas.

Global Markets: Asian Stock Markets : Nikkei down 1.13%, Shanghai Composite down 1.03%, Hang Seng down 0.06%, ASX down 0.69% Commodities : Gold at $1263.20 (-0.37%), Silver at $14.83 (-0.30%), Brent Oil at $54.76 (+0.75%), WTI Oil at $46.28 (+0.87%) Rates : US 10-year yield at 2.806, UK 10-year yield at 1.271, Germany 10-year yield … Continue reading Friday 21st December: Asian markets lower as US shutdown looms

Bank of England kept rates unchanged as expected. Guidance was also untouched as the bank reiterated ongoing tightening of monetary policy at a gradual pace.

Global Markets: Asian Stock Markets : Nikkei down 2.89%, Shanghai Composite down 0.53%, Hang Seng down 1.23%, ASX down 1.34% Commodities : Gold at $1248.45 (-0.63%), Silver at $14.64 (-1.18%), Brent Oil at $56.38 (-1.50%), WTI Oil at $47.15 (-2.12%) Rates : US 10-year yield at 2.757, UK 10-year yield at 1.285, Germany 10-year yield … Continue reading Thursday 20th December: Asian markets in free fall as the Fed raises rates.

The FOMC raised the fed funds rate target by 25bps, as expected. The central bank also narrowed the trajectory of rate hikes, envisaging two hikes in 2019.