Treasury Yields Climb, Stocks Slide As Investors Reset Interest Rate Expectations
Building on the positive Manufacturing PMI reports that came out from China over the weekend and North America yesterday, European Manufacturing PMI reports out this morning have generally come in better than expected with Italy and the UK climbing back above 50 and into expansion territory. Indications of an improving global economy have sparked rallies […]
Stocks Rise as Traders Digest Data and Powell Comments
Equity traders have returned from the Easter weekend in a positive mood. Boosted by better than expected Chinese Manufacturing PMI and Non-Manufacturing PMI which both increased from last month and came in above 50 in expansion territory, Shanghai rallied 1.2% overnight and Hong Kong gained 0.9%. The Nikkei, however, continued to fall away from 40,000, […]
GDP Updates in Focus as Holiday Weekend Approaches
The last trading day of the week, month, and what has been a big quarter for equity markets with several major indices reaching new all-time highs, is off to a subdued start with the Easter long weekend approaching. US index futures are flat, digesting yesterday’s US index gains of 0.5% to 1.2%. In Europe, the […]
IPO Trading in Focus as Quarter End Approaches
Clawing back yesterday’s US index losses of 0.1%-0.4%, the three main US index futures contracts are all up about 0.4% this morning. European trading finds the Dax up 0.5% and the FTSE down 0.2%. It has been a quiet news day suggesting that investors are primarily looking to rebalance their books for quarter end tomorrow […]
IPOs In Focus as Reddit Soars and Trump Media Debuts
Although broad market action is relatively quiet, today could be an active and important day for IPO related trading. IPOs can provide insight into investor risk appetite through their willingness to trade in companies with a limited public history. Reddit has been doing extremely well since last week’s IPO and trading debut, rallying 30.0% yesterday […]
Soft Start To a Short Week
A holiday-shortened final week of the month and quarter finds equity markets backsliding a bit. US index futures are down 0.2%-0.6%. Over in Europe, the Dax is flat and the FTSE is down 0.4%. Asia Pacific trading saw the Nikkei fall 1.1% and Shanghai lose 0.7%. Commodity trading is mixed with US Crude Oil up […]
Stocks Consolidate Record Highs, Digest Earnings Reports
Coming off a day of gains that saw the Dow Industrials and the S&P 500 close at all-time highs, overnight trading has been mixed, The Nikkei climbed 0.2% while the Hang Seng fell 2.2% in Asia Pacific trading. In Europe this morning, the Dax is flat, the FTSE is up 0.5% and the CAC is […]
Post-Powell Rally Continues as Swiss Deliver a Surprise Rate Cut
Investors responded positively late yesterday to a stay the course Fed decision which saw no change to interest rates, no change to the member forecast of 3 rate cuts this year, no change to the neutral tone with inflation still not subdued, and no change to Quantitative Tightening. Traders ignored the Fed slowing the forecast […]
US Dollar Rallies Ahead of a Potentially Big Day At The Fed
The Fed releases its latest interest rate decision, statement and member forecasts at 2:00 pm EDT today, followed by Chair Powell’s usual press conference at 2:30 pm. This time around the US central bank is widely expected to maintain interest rates. Investors may look to the statement and forecasts for hints on how many interest […]
Stocks Start To Retreat Amid Monetary and Currency Developments
It has been a very mixed morning for trading among equity markets around the world. Asia Pacific indices rendered a split decision with the Nikkei climbing 0.6% back up above 40,000, while the Hang Seng dropped 1.25%. In Europe today, the Dax is up 0.1% while the FTSE is down 0.2%. US index futures are […]