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Morning commentary: Capital Spreads

Read more commentary from Capital Spreads at www.capitalspreads.com

Bears back with a vengeance

Posted on: 20 February 2014

European equities are set to slump on the open following negative overnight cues. Some surprise hawkishness from the FOMC minutes has perked up speculation that interest rates in the US could be heading higher sooner than expected as two members saw the economy strong enough to warrant such a move.

Caution ahead of central bank minutes

Posted on: 19 February 2014

European equities are set to ease slightly on the open as traders lighten their positions and book profits ahead of central bank meeting minutes.

Traders waiting on data

Posted on: 18 February 2014

Despite the FTSE’s stellar outperformance yesterday, European equities are once again set to open flat on a lack of cues. With the US out of action yesterday it falls to Asia to provide the sentiment for this mornings open.

Bulls on pause

Posted on: 17 February 2014

European equities are set to open flat as traders ponder where this rally has come from and what’s in store for the next leg.

Bearish tremors are being felt

Posted on: 14 February 2014

European equities are set to open mixed as traders turn cautious. Despite the recent run up in equities over the last few days, the signals from the real economy seem to suggest that there is a dislocation between the two.

Central bankers expected to spew more dovishness

Posted on: 13 February 2014

European equities are set to ease slightly on the open as the bullish momentum wanes. A stellar run over the last few days has seen the buyers run out of steam and those of a shorter term nature will be looking to book profits.

Carney vs the hawks

Posted on: 12 February 2014

European equities are set to edge higher in a subdued start ahead of speeches from the respective heads of the BoE and ECB.

The reign of Yellen begins

Posted on: 11 February 2014

European equities are set to creep higher as trader’s eye up this afternoon’s testimony from Janet Yellen. With absolutely nothing of note out in Europe on the economic calendar, traders have nothing to do but ponder on what she will say.

Where has all this bullishness come from?

Posted on: 10 February 2014

European equities are set to open higher following a solid close on Friday in the US and overnight gains in Asia.

All calm before non farm

Posted on: 7 February 2014

European equities are set to open marginally higher, adjusting to overnight gains in the US and Asia. However, as is usual for a non farm Friday, movement ahead of the figure is expected to be muted.

Draghi in the spotlight

Posted on: 6 February 2014

European equities have opened higher following a buoyant Asian session. The bears seem to have reached an exhaustion point and markets appear to have bottomed out for now.

The bears persist

Posted on: 5 February 2014

Despite a positive lead from the US overnight, Asian indices are trading mixed and Europe is doggedly set to open lower.

Sell off firmly intact

Posted on: 4 February 2014

European equities set to open significantly lower as the slump in equities continues. The persistent pessimism in risky assets has gone unabated with the US and Asian indices beating a path south without even the slightest look back overnight.

Emerging market volatility ahead!!

Posted on: 3 February 2014

European equities are set to start the week on a negative footing. Over the weekend the official China Manufacturing PMI followed the trend of the HSBC figure coming in weaker and giving the markets a concrete reason for weakness.

Markets pause for breath

Posted on: 31 January 2014

European equities are set to open flat to marginally lower as caution and confusion continue to plague the markets.