Nov 17, 2017
Sentiment on equity markets brightened up somewhat yesterday backed by some positive corporate news. American retailing giant Wal-Mart had raised its profit forecast before the important Christmas business, and networking specialist Cisco also expressed an optimistic outlook.
Nov 16, 2017
The short-term negative mood on the stock markets also prevailed at midweek. In Europe, a stronger euro and the decline in oil prices weighed heavily on exchange rates.
Nov 15, 2017
Economic growth in the euro zone slowed slightly to +0.6% in Q3 from +0.7% in the previous quarter. Impetus came from the Germany GDP, which grew +0.8%, more strongly than expected thanks to strong exports in Q3 (consensus +0.6%). According to the results of the ZEW survey, the economic outlook for Germany also remained positive among financial experts in November.
Nov 14, 2017
Equity markets continued their short-term negative trend at the start of the week. Investors’ focus will turn to the European Central Bank’s conference where besides ECB head Draghi also Fed Chair Yellen, Bank of Japan Governor
Kuroda, and Bank of England Governor Carney will appear.
Nov 13, 2017
Asian stock markets started the new week without clear direction after profit-taking. Investor restraint dominated trading on Wall Street and European stock exchanges. Many market participants have raised concerns about the scope and feasibility of the US tax reform and the expected tax cuts, given a poor track record of the Trump administration. Some disappointing corporate results also adversely affected market sentiment.