Tag: tickmill

Incoming data on the EU economy roughly correspond to the thesis put forward by the market that the EU bloc will be able to dodge a recession. The PMI index from S&P Global climbed into the positive zone in January, amounting to 50.2 points against the forecast of 49.8 points. Positive MoM dynamics are being […]

Daily Market Outlook, January 25, 2023  Microsoft’s Poor Guidance Puts A Lid On Tech Enthusiasm, Tesla On Deck Today Asian markets are trading with a mixed tone as the handover from Wall Street lacked the optimism of recent sessions as Microsoft announced earnings that came in marginally better than consensus, however, guidance for the remainder […]

Lower Pre-Tax Losses Shares in Easyjet are trading around 10% higher from yesterday’s close after gapping higher at the open on a more upbeat update from the company. Easyjet forecasts its first annual profit in 2023 since the pandemic began on the back of record bookings. The spike in bookings has helped the company reduce […]

Tesla Up Next As US earnings season rolls on, focus today lands on Elon Musk and Tesla. On the back of Musk’s eventual takeover of Twitter, and all the controversy surrounding it, traders are keen to see how Musk’s primary business performed over the period. On the numbers front, Wall Street is looking for an […]

Q4 Inflation Spikes Higher The Australian Dollar is seeing a flood of demand today on the back of the latest CPI figures, released overnight. Aussie inflation was seen spiking back up to 1.9%, quarter-on-quarter, up from 1.8% prior and above the 1.6% the market was looking for. The year-on-year figure was seen rising back up […]

Microsoft Announces ‘Third Phase Investment In Open AI Shares in US tech giant Microsoft are trading around 1% higher ahead of the US open today. The move comes on the back of yesterday’s announcement that the company will strengthen its partnership with ChatGPT maker Open AI via a new multibillion dollar investment deal. While the […]

UK Service Sector in Trouble The latest set of PMI readings for the eurozone and the UK today highlighted some clear divergence with regards to economic performance between the two. In the eurozone, the services sector was seen moving back into positive territory last month, printing 50.7, up from 47.8 in November. This marked a […]

Daily Market Outlook, January 24, 2023  Tech Rally on Wall Street Sees Nikkei Back Above 27K The Nikkei (the only major Asian market open during the lunar holiday week) managed to shake off a third successive monthly decline in manufacturing data to reclaim the pivotal 27k level, as markets were buoyed by another impressive led […]

Equities Bulls Competing With Hawkish Central Bank Comments We’ve seen a mixed start to the week for global equities benchmarks. Against a backdrop of ongoing weakness in the Dollar, most indices were seen trading higher yesterday though gains have since been tempered across the European open on Tuesday. Indeed, the FTSE is seeing decent selling […]

The imbalance in the policy rhetoric of the Fed and the ECB continues to widen, only this time the ECB is more hawkish, which cannot but prop up EURUSD. After a week of doubts, the pair tried to renew the rally pushing through the 1.09 level. However, later during the London session, the dollar began […]