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Equities Keep more Cautious on the Session
Information is not investment advice
Midday Market View
European stock markets largely weakened Friday, with investors concerned that a second wave of Covid-19 cases will halt the region’s nascent recovery. Oil prices edged higher amid renewed hopes for more stimulus measures to boost the U.S. economy. However, persistent concerns over demand growth are likely to result in a losing week for the oil complex.
Midday Key Point
- Cable pushes to 1.2800 as buyers wrestle back some near-term control
- ECB's Villeroy supports that ECB might let inflation rise above 2% for some time
- European equities more mixed at the open
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus