Market News

A new era in Greek politics is beginning today with the victory and swearing-in of a new prime minister from the center-right New Democracy party, the party’s first win since Greece withdrew from a bailout regime last year.

The Former Brexit Chief Philip Rycroft warned against a no-deal Brexit outcome, adding that such an outcome would be “fraught with risk.”

Asian benchmarks were broadly lower on Monday morning as new fears about the U.S. Federal Reserve’s plans to cut interest rates shook the global markets.

This week is likely to see a similar amount of market activity to last week, with important central bank input due concerning only U.S. and Canadian Dollars. There will also be releases of important British and U.S economic data.

The Fourth of July fell out on a Thursday this year, which means that despite a national holiday, traders have kept their focus on the non-farm payroll report that will be released on Friday.

Only a few days after a meeting between North Korean and U.S. leaders, North Korea has attacked the United States as being “hell-bent on hostile acts” and “obsessed with sanctions.”

The European Commission vice-president said on Monday that the Eurozone should commit to climate neutrality by 2050.

Wall Street benchmarks rallied on Wednesday, boosted to fresh record highs by renewed optimism that the Federal Reserve will lower interest rates as early as this month after economic data releases that were weaker than analysts predicted.

Losses for the Pound Sterling were extended in London trade where Sterling hit a 2-week trough versus the greenback.

Despite being a contested decision, the European Union leaders decided to nominate the International Monetary Fund director Christine Lagard to succeed the European Central Bank head Mario Draghi at the end of October this year.

Asian benchmarks were broadly lower to start the day on Wednesday despite the continuing run on Wall Street that saw all three benchmark indexes close higher on Tuesday.

The economist Nouriel Roubini, who has been called "Dr. Doom" in the past, warned against an upcoming recession next year, that could be caused by the increasing trade tensions between the United States and its trade partners and a spike in oil prices.

The S&P 500 hit fresh highs on Monday as traders found new optimism about the trade deal between the United States and China that is supposedly in the works.

The Pound Sterling continues to come under pressure in London trade as the latest economic data disappoints.

The United States President Donald Trump said the U.S. is winning the trade feud, right after renewing the trade talks and reaching a trade truce with the Chinese.