Market News

  1. Risk aversion drives the dollar higher

    During the European session on Wednesday, the dollar rose against major currencies, mainly because the market sentiment turned gloomy. Asian stock markets were generally weak, which the Nikkei and HSI closed lower. The major European stock markets are also following the trend, with FTSE, DAX, CAC, all falling by more than 3%. View more

  2. Oil prices further slump, gap down Monday opening

    The global epidemic of new coronavirus was not yet under controlled. Countries have announced state of emergency, implemented measures to limit people's activities, which is seriously disrupted the demand of energy, overwhelming global stimulus measures. The International Energy Agency (IEA) said on Thursday that due to the epidemic, 3 billion people were “blocked” in the world, and global oil demand may fall by 20%, that is 20 million barrels per day. The IEA called on Saudi Arabia of the OPEC to help on stabilizing the oil market. View more

  3. Market sentiment turns cautious in Asian session on Monday opening

    The global pandemic remains severe, with a cumulative total of 720000 confirmed cases worldwide. Last week, after experiencing a three-day massive rebound, investors are turning back to watch the situation of the epidemic. It is likely that investors will be more cautious in portfolio management this week. View more

  4. Profit taking? U.S. stock markets drop sharply

    The cumulative number of confirmed cases of new coronavirus pneumonia in the United States surpassed China and Italy. The market is concerned about the impact of the epidemic on the U.S. economy. Furthermore, the oil market is still gloomy which affect the investment sentiment. There was profit taking pressure in US stocks after the strong rebound in recent days. View more

  5. Friday European session market review – Correction Phase

    The dollar index fell below the 99 mark on Friday in the Asian session, but rebounded back to 99.5 level in the European session, likely to be a technical adjustment after the three consecutive days of decline. As weak fundamentals in oil market, US oil (WTI) is tending to be downward and trading at $23 level. Gold price still fluctuated between $1615-$1625, falling back from the high of $1644.6. View more

  6. The plan passed! Market sentiment has no big change

    The US Senate has passed the $2 trillion stimulus plans that will be voted by the House of Representatives on Friday morning. However, the news did not provide greater momentum for the markets. The stock market in the Asia-Pacific region was in general weak. The Nikkei retraced significantly, closing down 4.5% to 18664 points. View more

  7. ECB may pave the way for unlimited QE

    Although the European Central Bank did not cut the interest rates after the emergency meeting and only launched bond purchasing plan of 750 billion euros, Bloomberg quoted that the meeting had discussed the Outright Monetary Transactions (OMT), which is much more less restrictive, meaning that ECB may pave the way for unlimited debt purchases. View more

  8. Global pandemic update : no good news

    Now, it is worrying that the cumulative number of confirmed cases in the United States exceeded 55000, with a sharp increase of more than 8500 in a single day. The current cumulative number of diagnoses in the United States is the third highest in the world after China and Italy, and is expected to continue to rise in the short term. View more