Feed: BetOnMarkets Daily Report - AggScore: 45.2

Afternoon Report: Spanish bank plans weigh on euro

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Afternoon Report: 17.00 Financial markets started the day with a fairly positive bias, but this has slipped as analysts unpick the details of the Spanish Bankia bailout. The country’s fourth largest lender is not a standard bank, in the sense that it was created from a merger of under performing regional banks only in 2010. [...]

Morning Report: Solid start to the week

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Morning Report: 08.00 London The new week has so far started in a healthy fashion after investors took heart from Spanish plans to directly inject government debt into troubled Bankia. An absence of bad economic news from other areas is also playing its part so far, though liquidity could be thin on the ground today with public [...]

Morning Report: Optimistic start for markets.

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Morning Report: 08.00 London If yesterday was more about stability, today we have some early indications of optimism seeping into financial markets. There has been no specific good news hitting the tapes, but more importantly, there has been no bad news either. The euro is leading the gainers, with the euro pairs up around 0.2%. [...]

Afternoon Report: Markets still wary despite recovery

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Afternoon Report: 18.00 After the disappointment of the euro summit, markets initially headed lower through the morning. However, things got a little more optimistic as the day progressed. Although today’s price action is hardly bullish, the resilient is noteworthy considering just how poor today’s economic data has been. European manufacturing and services data came in almost universally [...]

Morning Report: Markets stable, but questions remain

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Morning Report: 08.00 London This morning, financial markets are stable after European leaders put off key decisions until a June meeting. We’re told that in the interim, the EU’s institutions would be drawing up proposals for fiscal coordination including plans for euro bonds. The latter is what may be helping to stabilise markets at present, [...]

Afternoon Report: Markets plunge as euro system unravels

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Afternoon Report: 17.45 This afternoon, markets have dropped severely as Greece gets ever closer to a euro exit. What is greater concern is that a) there appears to be no common agreement on how to handle this on a european level, current talk is of each country dealing with it on a national level b) [...]

Morning Report: Euro summit hopes fade

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Morning Report: 08.15 London This morning the, Risk On/Risk Off pendulum has switched back to risk off as hopes for the latest euro summit fade. Many commentators believe that the only hope for the euro is closer fiscal integration and structural reforms in the peripheral nations. As Michael Cartine of Thomson Reuter’s IFR points, such [...]

Afternoon Report: FX markets mixed up on Japan downgrade.

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Afternoon Report: 17.00 This afternoon forex markets are displaying a mixed picture after ratings agencies downgraded Japan’s credit rating. The USD/ JPY is the days top mover, up 0.86% as traders switch back into the US dollar and furthering its recent rally. The pound is performing well with the GBP/ JPY up 0.58% following better [...]

Morning Report: EU summit hopes lift markets

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Morning Report: 08.00 London This morning, financial markets continue to stabilise on the back of positive expectations from the latest EU summit. Traders seem to be impressed by the potential for Greece to stay in the euro, helped by Germany leaning more towards a pro growth policy. Whether this will cure the crisis is doubtful, [...]

Afternoon Report: Stock markets rally, but Europe still a concern

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Afternoon Report: 18.00 It’s been a fairly solid day for stock markets across the globe with the S&P 500 up by over 1.3%. The ‘risk on’ currency pairs of the NZD/ USD, AUD/ JPY and AUD/ USD are all up by a healthy margin, with the NZD/ USD out in front at +0.61%. However, it [...]