Hawkish Central Banks Rock World Markets
Equity markets have been mixed around the world overnight and into this morning in the wake of yesterday afternoon’s selloff that saw US indices finish down 0.,8%-2.2%. Stocks sold off after the Fed took a “neutral hold” stance at yesterday’s meeting that was hawkish relative to investor expectations. Between the statement and his press conference, […]
January Ends Amid Flurry Of Earnings, Economic And Fed News
NASDAQ futures are down 1.0% and S&P futures are down 0.4%, adding to yesterday’s respective losses of 0.75% and 0.1% as investors digest another round of overnight earnings from US mega cap stocks. Once again the prevailing theme has been one of companies beating expectations on earnings but missing on sales, guidance or some other […]
Stocks Start To Slide As Earnings Season Resumes
US index futures have started to pull back this morning with the three main contracts down 0.2%-0.3%, giving back some of yesterday’s US market gains of 0.6% to 1.1%. The US 10-year treasury note yield has dropped back toward 4.05% ahead of tomorrow’s Fed decision, while the 10-year German bund yield is holding steady near […]
Investors Prepare For A Week Of Potentially Big News Developments
This morning feels like the calm before the upcoming storm for equity markets. US index futures are pretty much flat trading between -0.1% and +0.2% coming off a day of mixed performance last Friday. European bourses are trading flat to slightly lower with the FTSE up 0.1% and the Dax down 0.5%. Troubled Chinese […]
Markets Digest Conflicting Earnings And Economic Numbers
What has been a positive week for stocks and some commodities appears to be heading for a soft finish. Overnight in Asia Pacific Trading, the Nikkei fell 1.3% and the Hang Seng lost 1.6%. Trading has been more positive in Europe this morning where the FTSE is up 1.5%, the CAC is up 2.3% and […]
Mixed Earnings And Economic Reports; Neutral Holds From Central Banks
Between yesterday and today, the Bank of Canada and the European Central Bank have issued “Neutral Hold” decisions. While maintaining current interest rates, in their statements, both central banks hinted that they are likely done raising interest rates, but at the same time, gave no indication that they are considering rate cuts any time soon […]
Positive PMI Data Boosts Stocks; Bank Of Canada Today
Chinese markets rebounded for a second straight day, with Hong Kong and Shanghai gaining 3.5% and 1.8% respectively. This positive momentum has carried into Europe where the Dax is up 1.3% and the FTSE is up 0.4%. US index futures are up 0.4%-0.9% this morning. Equity markets have responded positively to better-than-expected Flash Manufacturing PMI […]
Stocks Consolidate Index Moves To All-Time Highs
Amid the celebrations surrounding the Dow closing above 38,000 and the S&P 500 reaching a new all-time high yesterday, upward momentum for equity markets appears to be slowing. US index futures are trading between -0.1% and +0.2% this morning, consolidating the US index gains of the last three trading days, including an upward move of […]
US Gains And China Losses Indicate Indecision As Earnings Season Looms Ahead
The start of the new trading week finds global markets heading in different directions. This morning, US index futures are up 0.25% to 0.65%, with NASDAQ futures leading the charge. Over in Europe, the Dax is up 0.4% but the FTSE is flat. Overnight the Nikkei rallied 1.6% to its highest level in over 30 […]
Stocks Keep Rising Despite Headwinds From Soft Retail Sales And Layoffs
North American markets appear set to build on yesterday’s bounce with US index futures rising 0.45% to 0.75% as they look to add to yesterday’s US index gains of 0.55% to 1.35%. Over in Europe, the FTSE is up 0.4% and the Dax is up 0.2%. Chinese markets continue to struggle with the Hong Kong […]