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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

February 20, 2018

European cash equity markets have turned higher this afternoon with most of the major bourses closing in positive territory for the day (FTSE -0.1%, DAX +0.9%, CAC +0.7%). The FTSE has underperformed however, dragged lower by HSBC and BHP Billiton who saw their shares drop after their respective corporate reports. Earnings also played their part on Wall Street with Wal-Mart shares down almost 10% and weighing on the Dow Jones Industrial Average and the retail sector as a whole. Gap shares also fell sharply after their President and CEO Jeff Kirwan is to leave the company. In fixed, Gilts have extended their lead over German government bonds this afternoon while Treasuries have recovered off the lows ahead of a heavy government supply calendar including $96.0 Bln in three and six month T-Bills on the European close. Data releases were sparse meanwhile – Canadian wholesale trade sales missed at -0.5% (f/c. +0.3%) while Euro Zone consumer confidence dropped to 0.1 (f/c. 1.0) from 1.4. In currency space, the US Dollar continues to lead among the G10’s although has lost some momentum after news broke that Special Counsel Robert Mueller has charged an attorney (Alex Van Der Zwaan) with making false statement to the FBI and his office in regards to the Russia probe. Sterling remains supported after jumping earlier today on after a report from Business Insider suggested that European Parliament is to call for Britain to have ‘privileged’ single market access after Brexit. Elsewhere, oil prices are still in the red with US crude futures losing around 1.5% at the lows while gold has extended declines to around 1.0%. Still to come today, a $28.0 Bln two-year note auction from the US Treasury and earnings after the Wall Street close from First Energy and Fluor.

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

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US Closing Report

February 20, 2018

US cash equity markets are nursing modest losses at the closing bell (DJIA -1.0%, S&P -0.6%, NASDAQ -0.1%). The Dow Jones Industrial Average has underperformed the other major bourses, weighed by Wal-Mart shares which have dropped almost 10% after their Q4 earnings. Gap shares also fell sharply after their President and CEO Jeff Kirwan is to leave the company. In fixed, Treasuries remain in the red as investors watched the US Treasury issue $179.0 Bln of debt today, including a two-year note that tailed by 0.1 basis points to yield 2.255% on a soft bid-to-cover. In currency space, the Dollar Index remains onside having gained against almost all its G10 rivals although it did lose some momentum after news broke that Special Counsel Robert Mueller has charged an attorney (Alex Van Der Zwaan) with making false statement to the FBI and his office in regards to the Russia probe. Sterling remains supported after jumping earlier today on after a report from Business Insider suggested that European Parliament is to call for Britain to have ‘privileged’ single market access after Brexit. In energy space, oil prices have recovered off their worst levels with US crude futures settling higher at $61.90 (+$0.22).

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

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Asian Opening Report

February 21, 2018

US bourses ended the session nursing modest losses. The DJIA underperformed the other major bourses, weighed by Wal-Mart shares which have dropped almost 10% after their Q4 earnings. Gap shares also fell sharply after their President and CEO Jeff Kirwan is to leave the company. In fixed, Treasuries closed in the red as investors watched the US Treasury issue $179.0 Bln of debt, including a two-year note that tailed by 0.1 basis points to yield 2.255% on a soft bid-to-cover. In the FX markets, the USD index remained onside having gained against almost all its G10 rivals although lost some momentum after news broke that Special Counsel Robert Mueller charged an attorney (Alex Van Der Zwaan) with making false statement to the FBI and his office in regards to the Russia probe. Sterling continued to be supported after jumping earlier in the day on a report from Business Insider suggested that European Parliament is to call for Britain to have ‘privileged’ single market access after Brexit. In energy space, oil prices recovered off their lowest levels with US crude futures settling higher by $0.22 at $61.90.

Ahead of the Asian open, Japanese Top Currency Diplomat Asakawa said recent Yen moves have been one-sided, adding she sees no need for major change in G20 agreement to refrain from competitive devaluation of currency. Data wise, Australia’s Westpac leading index rose 0.24% m/m in January.

Looking ahead, we get Australia’s wage price index and construction work done. We also get Japan’s all industry activity index, supermarket sales and department store sales. On the speaker front, we look for possible comments from BoJ’s Funo.

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