Daily Analysis – Monday, February 27, 2015
Fears for the London-German stock exchange merger are being raised following the LSE’s refusal to sell its share in Italy’s MTS electronic trading platform. Otherwise, in the Eurozone, the Euro fell to 1.05 during the Asian session as fears of French elections arise.
Asian markets continued to fall this morning, continuing the trend signaled as last week’s trading closed. Also in Asia, the Shanghai-led BRICS bank has announced a trillion-dollar fund for technological innovation projects.
Today, US President Donald Trump is expected to call for a 2017-2018 fiscal budget that raises defense outlays and cuts domestic spending. Also, a new organization to promote blockchain technology in securitized markets is being announced today by the Chamber of Digital Commerce & Structured Finance Industry
In spite of further 5-rig hike in US oil drills, oil edged higher today. Also, data shows a 10-month record in shale oil extraction for the week that ended on February 17 – 9 mB a day!
|10 AM GMT||EU – Services, business, industry, consumer & economic sentiment indexes.|
|1:30 PM GMT||US – Durable Goods Orders, followed by Pending Home Sales at 3.|
|9:45 PM GMT||New Zealand – Trade Balance|
|11:50 PM GMT||Japan – Industrial Production & Retail Trade|