US Energy Mergers Continue; Cryptocurrencies Retreat
US index futures are flat to start the new trading week, consolidating Friday’s gains. Over in Europe, the Dax is steady and the FTSE is down 0.5%. Treasury yields are creeping back up again as investors await a number of key monetary policy announcements and hints due later this week. The US Dollar is also […]
US Dollar Rebounds And Gold Retreats As Nonfarm Payrolls Beat The Street
US index futures are down 0.1%-0.3% this morning giving back some of yesterday’s US index gains, after today’s employment and inflation reports weakened the case for Fed rate cuts any time soon. The US 10-year treasury note yield has climbed from near 4.10% toward 4.25% on the news, boosting the US Dollar and knocking Gold […]
Trade Data And Nonfarm Payrolls Preview
Overseas indices fell overnight and into this morning with the Dax down 0.25%, the FTSE down 0.1%, the Hang Seng down 0.7% and the Nikkei down 1.7%. US index futures are trading between a loss of 0.15% for Dow Futures and a gain of 0.25% for NASDAQ futures coming off another day of moderate losses […]
ADP Payrolls And Bank Of Canada Preview
Global markets stabilized overnight. Asia Pacific bourses bounced back big time with gains of 2.0% for Tokyo, 1.6% for Sydney and 0.8% for Hong Kong. In Europe today, the Dax is up 0.3% while the FTSE is up 0.5%. US index futures are up 0.1%-0.3%, while Treasury yields are up slightly.The Bank of Canada finds […]
Stocks And Copper Sell Off; RBA Neutral Hold Echoes The Central Bank Party Line
Adding to Monday’s large cap US index losses, of 0.1%-0.8% US index futures are down 0.2-0.4% this morning. In Europe, the Dax is up 0.3% and the FTSE is down 0.6%. Asia Pacific markets sold off overnight. Hong Kong dropped 1.9% to a new 52-week low, while Shanghai lost 1.6%, Tokyo lost 1.3%, and Sydney […]
Mideast Conflict And Central Bank Speculation Drive Market Volatility
Overnight futures trading has been more active than usual to start the new trading week. Coming off of strong gains on Friday which saw that Dow and S&P close at or near their highs for the year and the Russell 2000 jump nearly 3.0%. Index futures popped when futures trading resumed Sunday evening but have […]
Mixed Markets Digest Manufacturing Surveys And Await Powell Comments
Coming off of a very strong November, December is off to a mixed start for equity markets. US index futures trading finds Dow futures flat and NASDAQ futures down 0.15%. Overseas, the DAX and FTSE are up about 0.6% to 0.7%, but the Hang Seng dropped 1.25% overnight. Energy markets are also mixed. Natural gas […]
Month-End, Inflation, GDP, Canadian Bank Earnings And OPEC+ In Focus
The last day of November finds equities looking to finish a strong month off on a positive note. In the last month, the S&P 500 has gained 10.5%, the NASDAQ Composite has gained 12.8%, and the S&P/TSX Composite is up 7.4%. US index futures are up 0.3%-0.6% this morning, while in Europe, the Dax is […]
Investors Consider Monetary Policy Related News While Awaiting OPEC+ Decision
Building on Tuesday’s gains, US index futures are up 0.3%-0.6% this morning. Over in Europe, the Dax is up 1.0%, while the FTSE is down slightly. In Asia Pacific trading, the Hang Seng dropped 2.0% overnight. Treasury yields continue to retreat with the US 10-year treasury note yield sliding below 4.30%. The Reserve Bank of […]