By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 |
Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.
By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 |
Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.
By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 |
In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve’s Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.
By Michael McCarthy (chief market strategist, CMC Markets) 16/12/2014 |
Multi-year high readings on US industrial production and capacity utilisation initially spurred markets higher in overnight trading. The unambiguous strength in the US economy may give the Fed plenty to talk about at its meeting tonight, but a reversal in energy markets from gains to further dramatic losses soured the session and dragged equities to lows.
By Robert Spector, Sanjay Natarajan and Robert M. Hall, MFS 15/12/2014 |
Roughly one year ago, the consensus forecast for the end of 2014 was $100 per barrel for West Texas Intermediate and $110 for Brent crude — a miss of about 30% compared with current prices around $70.
By Goldman Sachs Asset Management 11/12/2014 |
Five and a half years into the bull market, many stock markets are achieving record highs while volatility is hovering around the lowest levels in years. Have market participants become complacent? Goldman Sachs doesn’t think so. In fact, the US i-bank believes the impressive milestones are making many investors nervous.