Disney Rally Drives Dow Gains
Walt Disney shares are soaring this morning with an 8.6% premarket gain so far. The entertainment giant beat Wall Street expectations with its latest earnings report ($1.14 vs street $1.11) boosted by a strong summer at the box office and improved streaming results. Cisco Systems is quiet this morning after beating the street ($0.91 vs […]
A Bit of Everything Today
US index futures had a soft morning until inflation data came out and since then, stocks have been climbing and treasury yields have been falling. US consumer prices (2.6% in line vs previous 2.4%), rose slightly this month as expected. Currently US index futures are trading flat to up 0.2% having previously been flat to […]
Earnings Season Resumes With Big Beats
Bitcoin has paused just short of $90,000 this morning to consolidate yesterday’s big gain. Gold, which had sold off as Bitcoin sucked up all the oxygen in the alternative currency market, has stabilized just above $2,600/oz. The advance in US indices also appears to be taking a break with US index futures trading down 0.1%-0.2%. […]
Europe and Bitcoin Rally To Start the Week
European markets have kicked off the new trading week in rally mode with the Dax up 1.4%, the CAC up 1.2% and the FTSE up 0.7%. Positive momentum has continued into early North American trading where US index futures are up 0.4%-0.5%. Bond markets are closed for Remembrance Day / Veterans Day and there are […]
Exhausted Stocks Pause to Digest News
Between the US election, central bank decisions and earnings season, it has been a busy week for world markets. US stocks and the US Dollar have been charging particularly hard. It is not a huge surprise then, that Friday finds traders starting to take profits ahead of the weekend, especially since banks and government offices […]
Stocks Consolidate as Focus Turns to Central Banks
US equities are consolidating yesterday’s big post-election rally which saw the big cap S&P 500 gain 2.5% and the small cap Russell 2000 soar 5.8%, with index futures up 0.2% to 0.5% this morning. Over in Europe, the Dax is up 1.4% on indications the country’s leading political coalition is fracturing and an election may […]
US Stocks and Dollar Soar on Trump Sweep
Most of the US election results are in and Donald Trump has won both the electoral vote and the popular vote. In addition, the Republicans have gained control of the Senate and are close to keeping control of the House, a clean sweep. US index futures are soaring on the news suggesting that investors see […]
Election Day in the USA
US voters head to the polls today in the long-awaited Presidential Election. Traders appear to be in a positive mood so far. US index futures are up 0.1%-0.3%, clawing back some of yesterday’s US index losses of 0.3%-0.6%. The US 10-year treasury note yield is holding steady near 4.30%. The US Dollar is giving back […]
Oil Rallies as a Big Week For Markets Begins
Over the weekend, OPEC+ announced that reductions to production cuts which had been planned for December (originally October) have been postponed again. This news, has ignited a 3.1% rally in the US Crude Oil price pushing it back up above $71.50/bbl and a 2.9% rally in the price of Brent Crude pushing it back up […]
Stocks and Oil Bounce Back Amid Mixed Earnings Reports
Coming off a disappointing end to October that saw the S&P 500 lose 1.8% and the NASDAQ drop 2.8%, stock markets are attempting to mount a comeback this morning. US index futures are up 0.3%-0.5%, while in Europe, the Dax is up 0.6% and the FTSE is up 0.9%. Capping off a big week for […]