Oil has long been one of the main drivers of the worldwide economy and for this reason it is closely watched by all investors and traders. The central role of what, back in the days, was called the “Black gold” is given by its high cross asset correlation. It has Read more…
[edmc id= 3872]Download here the Market brief[/edmc] USA Earnings season is over and in the tech sector we observed important market reactions: the most notable one was AAPL 10% depreciation caused by its disappointing results. The hedge fund manager Karl Icahn expressed a bearish view on US stocks for the Read more…
[edmc id= 3846]Download here the Weekly Market Brief[/edmc] United States Microsoft and Alphabet weighed heavily on the major US stock indices Friday when the two stocks fell 7.3% and 5.1% respectively following disappointing earnings reports published late Thursday. On Tuesday, the S&P 500 broke 2,100 for the first time since December, Read more…
As we all know, the oil price has crumbled in recent months, touching its minimum level in many years in February 2016. This was due to several factors: slowing growth in China and general sluggish growth in the rest of the world, which have depressed demand and caused an oversupply Read more…
Not long ago, two major oil-producing countries (Russia and Saudi Arabia) reached an agreement, according to which the stake of output of those countries was capped at January-2016 levels. The move was very unexpected, since no one had bet that the deal would be reached, thus oil prices went through Read more…
United States This week the market condition improved. The S&P 500 closed 1.46% higher on Friday at 2,022, 22 points higher than on Monday. The other American indexes followed on the same path. The Dow Jones Average 30 and the Nasdaq 100 were up 1.25% and 1.34% respectively. The VIX index finished Read more…
[edmc id= 3619]Download here the Weekly Market Brief[/edmc] United States Market sentiment improved this week, with major US indexes pushing higher on Super Tuesday: S&P 500 and Nasdaq surged 2.4% and 2.9% respectively, and election excitement increased risk-on appetite. S&P 500 finished at $1,999, up 2.7% on the week. Vix volalitily Read more…
On Friday 26th 5.00 PM London time, at the closing bell for European stocks, Brent was trading over $36 per barrel and WTI was over $33.50. Oil registered the biggest weekly gain since August amid signs of strengthening U.S. fuel demand and speculation that some producers will complete an agreement Read more…
[edmc id= 3486]Download here the Weekly Market Brief[/edmc] United States S&P 500 started the week off strong and closed 2.8% higher, at 1,917, on the back of an oil price rally. The rally was due to an agreement between major oil producers, including Russia and Saudi Arabia, to set crude output Read more…
“In the old days you built armies, now you build a sovereign-wealth fund” Jayne Bok In the month of January, there has been significantly more willingness by sellers to sell assets at any price. Volume has been extremely high and markets have been strongly linked to oil prices even though, Read more…
[edmc id= 3343]Download here the Weekly Market Brief[/edmc] United States US economic data came in mixed, giving supple reason for the volatility seen in financial markets. The S&P 500 is trading near 2014 lows, due to intense dollar weakness on the back of the futures market pricing in almost 0% chance Read more…
Commodities rout is one of the key themes that have characterised 2015. Further to oil and gold (which we covered last week https://bsic.it/future-gold-full-hedge-role-risk/), several basic resources, like industrial metals, have been suffering for months, but they may be affected by slightly different factors than the former. Through this article, we Read more…
[edmc id= 3290]Download here the Weekly Market Brief[/edmc] United States A flurry of US data came out this week. Consumer sentiment came in at 91.3 in November, below an initial reading of 93.1. New home sales rose to 10.7%, taken as positive despite coming in below consensus. Consumer spending increased 0.1% Read more…
Historically, correlation among different risky assets has increased during periods of financial crisis: losses in one market spread to others, thus creating “contagion”. The increased correlation phenomenon is confirmed by our previous analysis on the topic (https://bsic.it/new-old-high-correlation/). Furthermore, there is also the so-called “flight to quality”, meaning that investors move Read more…
[edmc id= 3197]Download here the Weekly Market Brief[/edmc] United States The one just ended has been a pretty volatile week for the US market, with investors continuing to show some concern about the possibility of a rate hike in December in an environment of still uneven economic growth. Deteriorating growth outlooks Read more…