Equities tumble as risk sentiment shifts

Published date: 25/03/2019
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Equities start the week on the back foot as fears of a US slowdown kick in with some analysts talking about a pending recession. There ware also concerns after the recent PMI data on both sides of the Atlantic. The Nikkei 225 was the worst affected falling 3.01%, the ASX lost 1.11% and the Shanghai Comp. dropped 1.97%. 

In terms of Brexit, this is a big week for the Prime Minister. Media reports have started to flood in suggesting that the Tories may try to oust the PM with some suggestions of Michael Gove stepping in. It is this week that the PM is due to bring her deal back to parliament for the 3rd time and if we get another rejection the pressure will be on.

In commodities markets, gold has pushed higher despite a stronger USD close on Friday. This and the fall in fixed income yields are showing us the market is looking to flee to safety. This morning the yellow metal trades 0.30% higher at $1317/oz.

As global risk sentiment shifts lower copper has taken a small hit too. The industrial metal trades 0.30% lower this morning, along with oil as spot WTI falls 0.50%.

Today we will be looking out for German ifo data, any Brexit developments and comments from ECB's Coeure, Lautenschlager and Fed's Harker. 

 


Comments

  • Equities tumble as risk sentiment shifts
    Luca says:
    25/03/2019

    I love the range of topics covered, blessing and love from Maldives #shaunyouareking

  • Equities tumble as risk sentiment shifts
    jackie says:
    25/03/2019

    Shorts galore in my eyes, I still want to be recieve notifications for articles... can we do this team?

  • Equities tumble as risk sentiment shifts
    Mohammed Hussain says:
    25/03/2019

    I suck at trading, reading all this makes me realise how little i know :(( help

  • Equities tumble as risk sentiment shifts
    Mohammed Hussain says:
    25/03/2019

    I suck at trading, reading all this makes me realise how little i know :(( help

  • Equities tumble as risk sentiment shifts
    Sebastian Giabicci says:
    25/03/2019

    I think Uk will not be allowed to leave. as if they do so will Italy / France / Holland (of course not Belgium)

  • Equities tumble as risk sentiment shifts
    Sebastian Giabicci says:
    25/03/2019

    I think Uk will not be allowed to leave. as if they do so will Italy / France / Holland (of course not Belgium)

  • Equities tumble as risk sentiment shifts
    Charles Effol says:
    25/03/2019

    weak dollar strong gold.

  • Equities tumble as risk sentiment shifts
    Ali Eaza says:
    25/03/2019

    GOLDDDDDDDDD! Such nice pips on this

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