Commodities and Stocks Sell Off While Bonds Rally
The second trading day of June finds a significant shift in sentiment underway. Although US markets managed to finish Monday mixed with some help from a few large cap names, the underlying selloff continued overnight and into this morning. US index futures are down 0.3%, while in Europe, all of the major indices, including the […]
June Gets Off to a Positive Start
Building on Friday’s late day rebound, world markets have kicked off the new week and the month of June in the green. US index futures are trading flat to up 0.5% with the NASDAQ leading the rebound again, while in Europe, the Dax is up 0.7% and the FTSE is up 0.2%. Treasury yields are […]
Earnings Reports Spark Big Stock Swings
The Morning Minutes will not be issued on Friday May 31st, it will return on Monday June 3rd. Colin can be seen on BNN Bloomberg as Featured Guest on The Street between 8:00 and 9:00 am EDT tomorrow. As we approach the end of earnings season, a number of stocks have been particularly volatile around […]
Signs of Stagflation and Travel Industry Troubles Sink Stocks
The NASDAQ reached a new all-time high yesterday but the party didn’t last long as stocks around the world have been selling off overnight. Asia Pacific trading saw Hong Kong drop 1.8%, Seoul lose 1.6%, Tokyo tumble 0.8% and Sydney slide 1.3%. In Europe this morning, Paris is down 1.2%, Frankfurt has fallen 0.8% and […]
Canadian Inflation Surges and Bank Earnings Resume
Canadian industrial prices (1.5% vs street 0.6%) and raw material prices (5.5% vs street 3.2%) indicate inflation pressures on businesses are increasing once again. With the US long weekend over, its fully back to business across North America this morning. Canadian bank earnings season has resumed on a positive note with the Bank of Nova […]
Overseas Markets Rally on US Holiday
The US being closed for the Memorial Day has not stopped traders overseas from getting the week off to a strong start. Asia Pacific markets rallied overnight including gains of 1.1% for the Hang Seng and 0.7% for the Nikkei. In Europe this morning, the Dax is up 0.1% and the FTSE is down 0.2%. […]
Mixed Markets Stagger Toward the US Long Weekend
Yesterday’s US market selloff which came despite a post earnings rally in Nvidia* carried through world markets overnight and into this morning. Following on from yesterday’s drops of 0.4% to 1.6% for major US indices on Thursday, the Hang Seng fell 1.4%, the Nikkei fell 1.2%, the Dax dropped 0.5% while the FTSE has fallen […]
Indices Rebound on Positive Technology and Bank Earnings
Shrugging off yesterday’s 0.2% to 0.5% correction for US indices, which was due to a combination of more weak housing data and Fed minutes being more neutral and less dovish than hoped, US index futures are bouncing back big time this morning with gains of 0.2%-1.0%. NASDAQ futures have been leading the charge today, in […]
Indices Consolidate Near All-Time Highs
In the last few days, the Dow Industrials, NASDAQ Composite and S&P 500 have all reached new all-time highs and cryptocurrencies have been on a tear as well. Today, markets are pulling back slightly with US index futures trading flat to down 0.2%are pretty much flat. Over in Europe, the Dax and FTSE are down […]
US Indices Pause Near All-Time Highs; Cryptocurrencies Rally
The morning after the NASDAQ rallied to a new all-time high and shortly after the Dow Industrials reached 40,000 for the first time, major US indices appear to have stopped for a rest, with US index futures trading flat this morning. Overseas markets had a tough night with the Hang Seng sliding 2.1%, the Dax […]