Eiger Awarded ISO/IEC 27001:2013 Certification
London Eiger Trading Advisors Limited (‘Eiger’), a leading financial technology company specialising in commodity Murabaha trade facilitation and execution services, are delighted to have been awarded ISO/IEC 27001:2013 certification, an internationally recognised standard that ensures their products and services meet the needs of customers through an effective quality management system. “We consider the trust of […]
A rising tide lifts all boats
The market has moved from inflation fears to a belief that stagflation is a more likely outcome. Stagflation is high inflation coupled with low economic growth and thus any glimmer of hope as in the recent drop in initial jobless claims will cause risk assets to appreciate. US PPI came in 0.3% less than expected […]
Weak payrolls unlikely to change FED thinking
The US starts with the Columbus Day holiday on Monday. The data sets are skewed towards consumer related inflation numbers which should give the various central banks more evidence of inflation risks and its general direction. But we cannot get away from the fact the recent Non-Farm payroll numbers were weak and the second one […]
Employment numbers to the fore
Politics first – the German election led to a centre left victory but a narrow one which now means that the parties will have to negotiate a coalition which in turn is going to take time and creates indecision which markets dislike and probably leads to EURUSD being capped. For different reasons another of the […]
Not a lot of hot air
For the moment Evergrande is making its debt coupon repayments and that provided the markets with the excuse to buy risk assets and find some confidence. However there remain fears over the company’s ability to repay near term coupons. Out of the three central bank interest rate announcements last week only the Japanese were dovish […]
China fears dominate markets
Markets opening lower: wary of China and most particularly Evergrande (China’s second largest real estate company) which is struggling to meet its debt funding obligations. This, coupled with very poor retail sales last week and other economic data at the bottom end of expectations is starting to worry markets and world growth. These fears have […]
Eiger wins Best Shari’a Compliant Commodity Broker 2021
London The Global Islamic Finance Awards (GIFA) has honoured Eiger Trading Advisors Limited with the award for ‘Best Shari’a Compliant Commodity Broker 2021’.
Themes of inflation and COVID continue to worry markets
Markets are very mixed presently with stocks struggling to make gains even with the FED et al being in expansionary mode whereas commodities are recovering with some vigour. Perhaps what the markets are telling us is the latest rise in US PPI is a concern. The taps could get turned off sooner, but commodity pricing […]
Choppy weak markets
A paucity of data this week most likely will lead to a choppy, sentiment driven markets. A continuation of weak American consumer behaviour sentiment illustrated by poor retail sales last week is not helping risk assets. Demand is slowing as the pandemic refuses to die. In fact, Covid numbers are increasing in the States but, […]
Covid fears return
Last week U.S. consumer sentiment showed a fall to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects, inflation and the recent surge in coronavirus cases. This slump risks a longer and more pronounced slowing in economic growth, and implies a worry that the pandemic is not over […]