Market Comment: February 8

By / February 8, 2012

Good morning, Markets were on the rise overnight on the rumours of an agreement on the second Greek bailout package; however, Bloomberg is reporting that Greece has again failed to come to an agreement as another deadline comes and goes.  Nonetheless, the Euro is trading 50 basis points higher against both the USD and CAD…. Read more

Market Comment: February 7

By / February 7, 2012

Good morning, The Australian dollar is trading at a 6-month high after the Royal Bank of Australia unexpectedly decided to maintain interest rates at 4.25%.  Markets had discounted in a 25 basis point rate cut; the surprise move has pushed the AUD nearly one-cent higher against the Loonie. As the Greek government sits down to… Read more

Market Comment: February 6

By / February 6, 2012

Good morning, Risk aversion is taking hold of markets as Greece remains in the spotlight and comments on Chinese growth have investors heading for the doors.  A weekend summit with Greek political leaders failed to reach a conclusion over the proposed bailout terms presented by the Troika.  Two main labour unions in Greece have called… Read more

Market Comment: February 3

By / February 3, 2012

Good morning, Equity futures are pointing towards a 1% gain on the opening bell following much better than expected US non-farm payroll data. Non-farm payrolls jumped 243K, miles ahead of the expected 150K release, with the largest gains in professional and business services, hospitality and manufacturing.  This saw the US unemployment rate drop to 8.3%… Read more

Market Comment: February 2

By / February 2, 2012

Good morning, With a light day in terms of news, equity markets are by and large unchanged across the board and are taking this opportunity to consolidate.  The USD/CAD remains stable while the Euro has fallen nearly one-cent against both pairs. Comments from EU leader and Luxembourg PM Jean Claude Juncker have sent the Euro… Read more

Back to Top