Forex Exchange Morning Report

Forex Exchange Morning Report US equities closed on Friday little changed (S&P500 +0.1%), giving up early gains in the fi rst hour of trading. Solid earnings from Oracle (second largest software producer in the world) contributed to the early boost, a weak US consumer confi dence report and Irish sovereign credit concerns responsible fro the turnaround. The Irish Finance Minister and the IMF both quashed rumours sweeping the market the country may need to seek IMF assistance, while some former Portugese fi nance ministers opined their country was likely to. Government bond yields (10yr)...

Buyside uses technology to reconnect with clients

Institutional investors that have embraced the electronic revolution in the financial markets over the past decade are being forced to rely more than ever on technology to find the best returns in the face of a slump in trading volumes. Despite a surge of activity in May, when equities worth €1.2 trillion were traded in Europe, volumes have fallen for three consecutive months – to €979bn in June, €846bn in July and €763bn last month, according to data provider Thomson Reuters. These figures are well short of the pre-crisis heights of January 2008, when volumes reached €1.5 trillion. The outlook...