Market News & Analysis

Monday was another day at the office for Germany’s underperforming large caps, including Deutsche Bank

The German election may have had a muted impact on the markets even if failed to deliver Angela Merkel the share of the vote that she had wanted, and the rise of the AfD Far Right party spooked some European political commentators.

The markets’ initial reaction to the outcome of the German federal election has been negative. The German DAX futures and EUR/USD both gapped lower at the open overnight as Angela Merkel’s achievement of securing a fourth term at the helm of the German parliament was overshadowed by the stronger-than-expected showing from the right-wing AfD party.

The rise of the Far Right AfD party at last weekend’s German election has grabbed the headlines, but as we said in our earlier note, Merkel remains as leader and the Far Right will not have power even if they have won a seats in the Bundestag. The market reaction is still mild, the Dax has rebounded after earlier gapping lower, while the euro remain...

The euro has opened 0.4% lower in early trading on Sunday evening as the market digests the results from the German election. Although Merkel will become Chancellor for her fourth term, Merkel’s party - the CDU - saw its vote share slip by approx. 8%, about the same as the Far Right’s AfP’s vote share increased.

It would be a mistake to underestimate the importance of the vote for European markets in the years ahead.

With US stock markets repeatedly hitting new all-time highs and volatility being suppressed to new record lows, I can’t help but feel investors are becoming unjustifiably complacent.

Unfortunately for drivers, Uber is unlikely to get its license back for over a year

So, all eyes will be on UK Prime Minister Theresa May today as she delivers a key speech on Brexit in Florence. May is expected to lay out the UK government’s long term strategy for Brexit and unlock negotiations with the Europeans by specifying the size of the divorce bill that the UK is willing to pay. In addition

The gyrations in the FX market during May’s Brexit speech in Florence speaks volumes about how it has been received

After rallying sharply on the back of a hawkish Federal Reserve yesterday, the dollar pulled back during the European session as some traders banked profit. Market participants wondered whether or not the FOMC meeting yesterday was a game changer as after all the Fed had already communicated its intent to start its balance sheet normalisation proces...

Sentiment on Capita began to deteriorate again over the summer