Daily Market Review

Daily Market Review August 12

The S&P 500, Dow Jones industrial average and Nasdaq all ended at a record high on Thursday. It was the first time since Dec 31, 1999, that all the major US stock indexes closed at record highs on the same day. This was triggered by a surge in prices of oil and strong earnings from […]

Daily Market Review August 11

Crude oil prices fell again earlier today as data obtained yesterday depicted a build in U.S. crude oil inventories. Saudi Arabia maintained a high crude production which added to the existing oversupply issues, dragging oil prices down. Brent futures LCOc1 traded at $43.72 a barrel being down by 0.8 percent. Certainly, Saudi crude producers are […]

Daily Market Review August 10

Important data releases are queued by the side of U.S. today, with the jolts job openings data and crude oil inventories data at 14:00 GMT and 14:30 GMT respectively. The jolts job openings data is expected to be bullish since the last NFP depicted a strong job sector for U.S. Furthermore, it is good to […]

Daily Market Review August 09

The manufacturing production data and trade balance data are expected for release today at 08:30 GMT in UK. Both data have the potential of boosting the Pound Sterling if readings are positive, however, the sentiment on the market is mixed-up. Following the ‘Brexit’ episode, analysts are not sure if Britain can keep up with trade […]

Daily Market Review August 05

Nonfarm payrolls data release today is expected to boost job growth and reinforce Federal Reserve’s confidence in the labor market. If the NFP data to be obtained at 12:30 GMT today shows an increase in number of people employed for the month of July, then this could be viewed as near full employment. Expectations of […]