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Sigma Squawk 24 Hour Real Time News and Information Service

24 Hour Real Time Audio Financial Market News and Information Service providing immediate analysis of Economic and Financial Market news. Delivered clearly and efficiently, our clients receive the most effective and informative overall view of the market, and how this may impact upon them.

In addition, in house written reports, analysis, scrolling news and technical data  are produced and delivered 24 hours a day to cover the Asian, European, and US markets.

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24 Hour Market News Headlines

European Closing Report

May 14, 2018

European cash equity markets are mostly lower at the closing bell although declines are relatively modest (FTSE -0.2%, DAX -0.2%, CAC 0.0%). Financial service stocks are leading declines while healthcare provided a bright spot after Trump unveiled his blueprint for lowering drug prices on Friday. Wall Street opened to the upside meanwhile with US-China trade talks in focus after the US President also threw a lifeline to Chinese telecoms giant ZTE. In the bond markets, both US and European yields have inched higher amid some hawkish central bank chatter from the ECB’s Villeroy and Cleveland Fed President Mester. Data releases were relatively sparse meanwhile. Turning to currencies, the Dollar Index is nursing a minor decline as last week’s CPI miss continues to weigh while Sterling sits towards the top of the G10 pile. The Norwegian Krone was boosted by hawkish remarks from Norges Bank Governor Olsen. Elsewhere, Italian President Mattarella was expected to hold government formation talks with the Five Star at 15:30 BST and League at 17:00 BST. Five Star leader Di Maio has since said he asked the President or more time to finalize a government. Still to come today, a US 10-year TIPS auction at 18:00 BST.

For a more detailed report please visit the ‘Market Research’ section.

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US Closing Report

May 7, 2018

We saw gains on Wall Street evaporate in the latter stages of today’s session (DJIA +0.4%, S&P +0.3%, NASDAQ +0.8%). Energy stocks had led the broader market for most of the session but turned lower as oil prices did the same post-settlement after US President Trump confirmed he will be announcing his decision on the Iranian nuclear deal tomorrow. Elsewhere, US yields have turned higher, albeit slightly, as equities and oil declined. Comments from the FOMC provided no real surprises meanwhile with Richmond Fed President Barkin noting that he does not see outsized wage pressures while the US economy is on a good growth trajectory. Chicago’s Evans added that structural changes may create inflation headwinds. Switching to the ECB, Chief Economist Praet played down the drop in core inflation as a temporary due to a decrease in services inflation. Jan Smets meanwhile said the ECB are likely to move over the summer to gradually phase out its bond-buying program. On the data front, US consumer credit was lower-than-expected in March at $11.62 Bln (f/c. $16.20 Bln).

For a more detailed report please visit the ‘Market Research’ section.

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Asian Closing Report

April 6, 2018

Asian cash equity markets traded mostly higher (NIKKEI +0.2%, S&P/ASX +0.2%, HANG SENG +1.3%) despite a slip earlier in the session amid reignited trade war concerns after comments from US President Trump, while markets in China and Taiwan are closed for Tomb Sweeping Day. Trump said he has instructed the Treasury to consider $100 Bln in additional tariffs on China, in light of the unfair retaliation from China. The remarks from Trump caused safe-haven assets, such as the Japanese Yen and Gold, gain as a result of the denting in risk appetite, while US equity futures opened sharply to the downside. We also saw remarks from a US Senior Official, who said the US is willing to negotiate on trade with China, but only if it is serious because attempts previously have resulted in little progress, adding no formal negotiating session has yet been set for China trade talks. Meanwhile, Japanese Chief Cabinet Secretary Suga said it is important for both China and the US to build a relationship that leads to stable growth and development of the global economy. On the data front, Japanese cash earnings beat in February, labour rose 1.3% (f/c +0.5%) y/y and real fell 0.5% (f/c -1.2%) y/y, while overall household spending unexpectedly fell 0.9% (f/c +0.4%) y/y in February.

For a more detailed report, please visit the ‘Market Research’ section.

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