Markets

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Market Morning – February 14th

Equity markets in Europe and USA rallied on the news the Greek Parliament voted for a new austerity package, with risk appetite extending to commodities, particularly crude – perhaps on rising Iranian tensions – except gold, which continues to underperform. Here is what happened last night in detail: The UK FTSE finished up nearly 1%

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Market Morning

As equity markets in Asia slumped on Friday the followup on the Trans-Atlantic bourses was similar, as ructions from Greece continued to spook everyone with a race back to the US Dollar. Right now, riots in Athens as the Greek Parliament tries to vote on a new austerity package will likely provide more stress for

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Market Morning

As equity markets in Asia recovered from the “surprising” Chinese CPI result, European markets were on tenterhooks before posting solid gains, followed by the US markets, with all bourses finishing in the green. The reason? Greece signed off on economy-killing austerity measures, measures required to get 130 billion “financing package” i.e debt. In detail: The

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Market Morning

A broadly flat session on equity markets overnight, with only US markets responding weakly to the positive sessions in Asia, as eyes were again on Greece which looks ready to cast itself off into economic oblivion to suit its German creditors. In detail: The UK FTSE finished flat again, down 14 points to 5875, still

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Market Morning

Another shaky session on equity markets overnight, as Greece debt talks were postponed again, German industrial production numbers were less than exciting, but the whole risk edifice was buoyed late in the evening by a rise in US consumer credit for December. In detail: The UK FTSE finished flat again, down 2 points to 5890,

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Market Morning

A shaky session on equity markets overnight, as ructions over Greece debt talks continued and impatience hounds the markets and the masters of Europe. Most markets were flat or down slightly, here in detail: The UK FTSE finished weakly down 8 points or 0.1% to 5892 points, still well above its resistance level at 5700

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Market Morning

A very positive Friday on equity markets, as the global dataflow excited markets, the biggest showing U-3 unemployment (i.e the very narrowest of measures) falling to 8.3% in the US. Germany, another exporting powerhouse that purposefully has a cheap currency, also saw a reduction in unemployment. Too bad for the peripheral Euro states with record

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Market Morning

A very positive night on equity markets, as US manufacturing data and Facebook IPO speculation excited markets, alongside positive manufacturing gauges from the UK and Germany. In detail: The UK FTSE finished up very strongly, nearly 2% up at 5790 points, well above its resistance level at 5700 points with the German DAX doing even

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Market Morning

A mixed night on equity markets, as US primary data and corporate earnings disappointed, whilst metal commodities except gold were smashed. Europe rallied on hopium again, although sovereign debt yields eased off, amidst some truly disgusting unemployment figure releases. In detail: The UK FTSE finished slightly up at 5681 points, still below its resistance level