Risk-Aversion Sentiment Rising

Published by Filipe R. Costa on Mon, 23/07/2012 - 11:15
bull is tired

Daily Market Commentary for July 23: Investors retreated and started a sell off in equities after they realised the situation in Europe is aggravating. The main equity markets are heading south and the risk-aversion sentiment is rising quickly.

Bullish Sentiment Is Submerging

Published by Filipe R. Costa on Fri, 20/07/2012 - 11:15
bull market

Daily Market Commentary for July 20: Equities are on a bull run. Sentiment is good among investors and it seem that north is the only direction to follow. Will it last?

Bernanke Ran Out Of Bullets

Published by Filipe R. Costa on Wed, 18/07/2012 - 12:12
Bernanke boat

Daily Market Commentary for July 18: Bernanke’s testimony to the Senate Banking Committee did not bring any new clues to desperate investors anxious for QE3. Reaction was very negative but after hitting below 12,650, the Dow managed to recover and end the day at 12,805. The FTSE closed down 0.59%.

A Renewed Bullish Sentiment

Published by Filipe R. Costa on Mon, 16/07/2012 - 11:33
bull on fire

Daily Market Commentary for July 16: After experiencing a huge loss, equities recovered last Friday so investors could have a peaceful weekend. The S&P 500 ended with a gain of 1.65% and the FTSE with a rise of 1.03%.

A Relief Coming From China

Published by Filipe R. Costa on Fri, 13/07/2012 - 12:24
friday 13

Daily Market Commentary for July 13: Chinese output numbers were released overnight, and for those who couldn't wait until 2.00 UK time to know the numbers, the night may have been stirred, but the wake up was relatively soft and peaceful. Numbers were released in line with expectations and there is a sentiment of major relief among investors.

And The FED Did Not Help

Published by Filipe R. Costa on Thu, 12/07/2012 - 12:03
fed cartoon

Daily Market Commentary for July 12: Everyone was waiting patiently for 19.00 UK time when the FED minutes were supposed to be released. Investors, spread betters, and all man of faith were seeking for clues QE3 is imminent but it seems the FED wants its printers to go on holiday first.

Global Growth Is Slowing

Published by Filipe R. Costa on Wed, 11/07/2012 - 12:54
chinese growth slowing

Daily Market Commentary for July 11: There is no doubt that global growth is slowing and corporate profits shrinking. The two digit growth experienced by China is now a mirage and CEO’s in the country are being replaced. Investors are becoming nervous and depositing all faith in Bernanke’s printers.

US Economy Struggles to Create Jobs

Published by Filipe R. Costa on Mon, 09/07/2012 - 14:58
jobs

Daily Market Commentary for July 9: The US payrolls report released last Friday was a major disappointment. Payrolls are now below 100,000 for the third straight month and investors are looking to rebalance risk in their portfolios.

Central Banks Put The Printers Back To Work

Published by Filipe R. Costa on Fri, 06/07/2012 - 11:33
BOE monetary easing

Daily Market Commentary for July 6: A coordination between central banks couldn’t have resulted better as the Bank of England, the European Central Bank and the People’s Bank of China all announced new monetary easing measures in the same day. The idea was good, the final result is questionable.

The Libor Players

Published by Filipe R. Costa on Thu, 05/07/2012 - 11:18
libor scandal

Daily Market Commentary for July 5: The Libor scandal is getting worse day by day. After Bob Diamond's testimony, the idea lying around is that millions of consumers have been deceived by banks and many senior politicians knew about it and haven't tried to avoid anything, to say the least. We have just start to unveil the Libor mysteries and much still needs to be uncovered.

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