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Morning commentary: Capital Spreads

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

Markets waiting for a catalyst

Posted on: 27 February 2014

Yet more losses are expected for the start of trade in Europe as sentiment remains firmly cautious. Yellen’s testimony this afternoon may be partly to blame but she is not expected to rock the boat, maybe of more concern are the 150K Russian troops lacing up their boots near the Crimea.

Markets at an inflection point

Posted on: 26 February 2014

European equities are set to open mixed as directional conviction evaporates. Flat finishes in the US and mixed markets in Asia highlights the trepidation that traders are feeling at current lofty levels.

Rally reaches critical point

Posted on: 25 February 2014

European equities are set to start the day with a modest pull back as traders turn cautious over recent gains.

Traders waiting on data

Posted on: 24 February 2014

European equities are set to start soft following weak leads from the US and Asia.

Bulls take back the reins

Posted on: 21 February 2014

Despite hesitation and mixed closes in Europe yesterday, a bullish close in the US fed through into sentiment in Asia and we are expecting a positive handover on the open.

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.