Market Gawk

Asian equities had the starring role among global financial markets, with China’s Shanghai Composite and South Korea’s Kospi indexes hitting new records.

Original post by FeedZilla

Norsk Hydro may be planning to trump Alcoa’s offer.

Original post by FeedZilla

British bank set to buy into UTI Securities.

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Let the bidding war begin: Norsk Hydro may be ready to offer the Canadian aluminum giant a more attractive deal than Alcoa.

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SAN FRANCISCO (MarketWatch) — Ford Motor Co. is planning to sell car maker Volvo and BMW could be interested, according to a published report.

Original post by FeedZilla

The absence of liquidity state-side, as well as from Germany and the UK, kept the majors in extremely tight ranges through the whole of Monday. However, as the world turns and the major FX hubs come back on line, the market will be presented with more than enough fundamental data from the US economic calendar to make up for the shortened week.

Original post by FeedZilla

Due to the Whit Monday holiday, half of the 18 western European markets were closed Monday morning. Among the closures was Euro Zone’s largest member economy: Germany. However, when the lights come back on in European banks tomorrow, the German calendar will also be the top contributor to euro-based price action.

Original post by FeedZilla

The British pound has done nothing but consolidate gains above 1.9800 following last Wednesday?s rally as all signs pointed to another Bank of England rate hike. However, Cable could make a turn for the worst this week as almost every indicator - including GfK Consumer Confidence, Nationwide House Prices, and PMI Manufacturing - is due to ease back.

Original post by FeedZilla

Canadian dollar strength remains, though declines in the USDCAD pair appear to have taken a breather as the end of a two-day strike at Nigeria’s state-run oil company led crude for July delivery to fall as much as 1.3 percent to $64.36 a barrel in after-hours trading on the New York Mercantile Exchange.

Original post by FeedZilla

Stronger CPI nor hawkish commentary from the Bank of Japan have been able to revive the Japanese yen, as carry trades take their toll on the low-yielding currency. News over the weekend that a member of Prime Minister Shinzo Abe?s cabinet linked to a series of political funding scandals committed suicide barely made an impact on the yen either, though Japanese equity markets saw domestically focused stocks take a hit.

Original post by FeedZilla