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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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Sigma Squawk / Information Services are pleased to announce the launch of our Market Research, Scrolling News and Technical Level Members area.  For access please go to Request Free Trial.

24 Hour Market News Headlines

European Midday/US Morning Report

November 24, 2017

European cash equity markets are mostly higher ahead of the midway stage (FTSE -0.1%, DAX +0.4%, CAC +0.6%). Renewed optimism surrounding the prospects of a grand coalition in Germany has underpinned stocks although the FTSE has underperformed slightly as retailers dropped. Politico reported this morning that German Social Democrats have dropped their hard refusal to consider governing with Angela Merkel’s conservatives with a meeting between the two with President Steinmeier expected next week. Switching to Brexit, EU Commission President Juncker has expressed confidence that sufficient progress will have been made to advance Brexit talks to the second phase. City AM also reported that Brussels is no longer holding the UK to a “strict ultimatum”, but wants to know what offer will be on the table ahead of the European Council meeting next month. In fixed, core EU bonds are underwater having been pressured by stronger-than-expected German IFO data with the ‘Business Climate’ index rising to a record multi-decade high. Treasuries are also offside along with other perceived safe-haven assets including the Japanese Yen and gold. Looking ahead, ECB Vice President Constancio is due to speak this afternoon while on the data front we await US manufacturing and service sector PMI. US markets will also close early today at 18:00 GMT.

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

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US Closing Report

November 22, 2017

US cash equity markets are mixed at the closing bell (DJIA -0.27%, S&P -0.08%, NASDAQ +0.07%). We have seen heavy declines for both HP and Hewlett Packard following their respective earning updates after the bell yesterday. Providing support meanwhile is the oil & gas sector, boosted by gains in oil prices after the API report showed a large drawdown in crude inventories. More recently the DoE report showed a drawdown of -1.9 Mln US Crude futures settled at $58.02 (+$1.19). The main focus for investors this afternoon was the FOMC minutes which will likely be the last major event in the US ahead of Thanksgiving tomorrow and Friday. Many participants were said to have judged that another increase in rates was likely to be warranted in the near term if incoming information left the medium-term outlook broadly unchanged. Concerns were raised however regarding inflation with many observing that continued low readings on inflation might reflect not only transitory factors, but also the influence of developments that could prove more persistent. Both US government bond yields and the Dollar declined in response although the minutes did little to alter market expectations for a December rate increase.

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

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Asian Closing Report

November 24, 2017

Asian stocks traded mixed (NIKKEI +0.14%, S&P/ASX -0.12%, SHANGHAI COMPOSITE -0.59%) in the final session, while markets in Japan returned after yesterday’s Labour Thanksgiving Day. Japan’s Nikkei begun the session in the red off the back of a stronger Yen, before reversing losses as the session wore on and the Yen weakened. On the data front, Japan’s flash November manufacturing PMI rose to 53.8, its highest reading since March 2014. Elsewhere, Australia auctioned A$500 Mln 2% 2021 bonds at an average yield of +2.03% with a bid-to-cover of 5.4. Meanwhile, ratings agency Fitch said Chinese banks face continued regulatory scrutiny in 2018. In other news, the PBoC set the yuan mid-point at its strongest level since October 12th against the Dollar (6.5810).

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

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