Contrary to popular perception, there are a host of favourable factors other than liquidity that have powered the rally in S&P 500
Gold on June 27 extended the biggest surge in seven years as the fallout from the Britain's decision to exit the European Union boosted haven demand
Asian markets were trading mostly higher on strong handover from US and as oil prices climbed. The Shanghai Composite was up 0.68 percent while the Hang Seng was up 0.40 percent. A stronger yen, however, continued to weigh on Japan's shares. The Nikkei 225 was down 1.58 percent.
Most stocks across the Asian region were trading in the green, following a strong handover from Wall Street. The Hang Seng was up 1.51 percent, Japan's Nikkei 225 was up 1.30 percent and China's Shanghai Composite was up 0.53 percent.
US stocks closed higher as some stabilisation in oil prices offset declines in financials to help stocks recover from an intra-day decline of more than 1.5 percent.
The pan-European opened 0.5 percent lower while all major European indices were in the red.
Reopening after a long weekend, Wall Street recovered from its second-worst week for the year, taking its cues from a late-day surge in Chinese equities on Tuesday. All the major US averages rallied more than 2 percent each overnight.
Speaking to CNBC-TV18, Manish Singh of Crossbridge Capital says if the vote for referendum is a yes then Greek Prime Minister, Tsipras‘s, political career would come to an end.
European equities are expected to open to choppy trade following tense talks between Greece and the euro group of finance ministers about Greek reform proposals. In an interview to CNBC-TV18, Mark Konyn, CEO, Cathay Conning Asset Management, discusses on the same.
Announcement of tapering could bring about a sea change in foreign exchange in January, which would lead the dollar to strengthen against other currencies like yen, euro, which in turn would be good for Japanese and European equities but bad news for emerging markets, says Nakisa
Faber said that he owned stock in telecom companies, utilities and blue-chip companies in Switzerland. He also disclosed that he was holding on to 10-year Treasury and adding to his gold positions. He also said bubbles are forming in some areas.
According to Hans Goetti of Finaport European markets are showing signs of recovery and have cheap valuations. He is bullish both on Asian as well as European equities.
A total of 235 panelists with USD 643 bn of AUM participated in a global survey for the BofA Merrill Lynch Global research report. When asked about equity allocation for Europe, a net 46% of asset allocators are overweight European equities, up from a net 36% September and representing the highest reading since 2007.
Angel Commodities has come out with its report on international commodities. According to the research firm, in the evening session, expect precious metals, base metals and crude oil prices to trade lower on the back of expectations of favorable jobs data from the US which will increase the concerns that Fed will pullback its stimulus measures.
Spot gold was up 0.8 percent to $1,243.21 an ounce by 0946 GMT, while Comex gold rose about USD 19.10 to USD 1,242.70
Angel Commodities has come out with its report on international commodities. According to the research firm, in the evening session, expect the precious metals, base metals and crude oil prices to trade lower on the back of weak global markets. Strength in the DX will act as a negative factor.
Angel Commodities has come out with its report on international commodities. According to the research firm, in the evening session, precious metals, base metals and crude oil prices are expected to trade lower on the back of weak global markets.
Mecklai graph of the day: DAX and FTSE 100 - Investors would continue to enjoy the recent rally but on other hand would interesting to watch that the current euphoria will last reckoning weaker fundamentals.
Asian shares inched lower on Thursday, taking their cues from an overnight drop in US and European equities on renewed concerns about global growth, which also weighed on commodities.
Adrian Foster of Rabobank says that the crisis in Cyprus may cause a 3-4 percent selloff in European equities by end of the week, in an interview to CNBC-TV18.
Analysts tend to start each year optimistically. 2010, 2011 and 2012 all saw an upbeat start to the year for global stock markets. 2013 is hailed by many equity strategists as the start of the long-anticipated "great rotation", with investors moving into stocks out of bonds, ending the reign of the bond bull market in recent years.
Asian shares eased on Thursday while the euro firmed, reflecting investor caution despite easing concerns about sovereign funding for troubled euro zone economies Spain and Italy that helped US and European equities rebound overnight.
European equities slid nearly 3% yesterday as the euro dropped to an 11-month low of 1.29 against the dollar, after a grim Italian bond auction.
Tracking a firming global trend, crude oil prices rose by Rs 55 to Rs 4125 per barrel in futures market today on fresh buying by traders.
Fears of a Greek default that could spark a global market contagion dragged down stocks on Monday, knocking European equities to two-year lows and sending the euro to a seven-month low against the dollar.