house made from dollar bills with key isolated on white background

US Housing Strikes Back – Risky assets bid

Markets were in a positive mood on Tuesday on back of strong US New Home Sales, which rallied 16.6% against 2% expected, adding good ingredients for investors risk appetite. US benchmark indices closed 1.2-2.0% higher, led by financials,  with S&P500 bounced the neckline in the daily H-S formation and the good mood followed through in […]

Lion statue in front of chinese temple

Markets slightly lower on China GDP

Following a busy EU session yesterday, markets calmed down in the US session and traded sideways ahead of the Chinese GDP. Despite the Chinese figures coming as expected and with a bullish tone associated, the markets in Asia traded generally lower with Hong Kong and Japan on the offer. In FX markets, the NZD shined […]

waving national flag of  with black mourning ribbon

Stocks manages to steer through Brussels explosions

Risk aversion in Asia and a terror-attack in Brussels were apparently not significant enough for equities to drop in Europe and the US (at time of writing). Even in Belgium, where several explosions spread fear into the Euro zone, the BEL20 index posted a small gain. Upbeat regional and composite PMI and ZEW figures from […]