Trading Update |
03-Sep-14, 8:53am: Commodities Drop on Mixed Manufacturing DataWith US manufacturing data beating estimates, gold saw a significant fall yesterday, though misses for China and Europe saw crude oil slip on demand concerns. The Japanese yen has continued to weaken, with USD/JPY hitting ¥105. |
03-Sep-14, 9:27am: Markets is Europe are slightly higher this morning on hopes of further ECB stimulus and ahead of the release of the Fed’s Beige Book this evening. |
03-Sep-14, 12:02pm: Iron Ore Prices Decline as Demand Falls OffWith several major Chinese development projects coming to fruition, iron ore prices are slipping back as demand falters which may impact mining share prices. |
03-Sep-14, 12:02pm: Nikkei Continues to Surge as Yen DropsThe Japanese Nikkei 225 is rallying towards 16,000 amid hopes that the BoJ will introduce further stimulus and confirmation that the new sales tax will not be increased. Services in China have added to the general positive sentiment, with a jump in both the HSBC and official PMI metrics. |
03-Sep-14, 12:15pm: The latest technical analysis video on the CleanFinancial blog considers whether the ECB can encourage the German DAX to push higher. Will the ECB Send German Stocks Soaring Through 9,600? |