Overseas Markets Falter as Focus Turns To Big Tech Earnings
Yesterday’s big market rally which saw the NASDAQ gain 2.6% and several tech stocks bounce back from recent declines like a 13% pop for Nvidia, appears to be ending as quickly as it started. Upward momentum failed to continue trough overseas trading as the Nikkei fell 2.5%, the Hang Seng lost 0.25%, the CAC and […]
Japan Raises Rates, Israel Strikes Lebanon, Over To You Powell
Between month end and this afternoon’s Fed decision today had already been looking like a big one for trading but overnight developments have ramped up market action even more. Quickly shrugging off yesterday’s weakness, stock markets around the world have exploded upward overnight after the Bank of Japan raised its benchmark interest rate to 0.15%, […]
Markets Remain Mixed as Traders Digest Earnings
World markets remain in a holding pattern ahead of tomorrow’s FOMC US interest rate decision. Extending Monday’s general flatness, US index futures are trading flat to up 0.3% with NASDAQ futures the strongest. In Europe today, the Dax is up 0.4% while the FTSE is down 0.2%. Asia Pacific trading saw the Nikkei gain 0.2% […]
Stocks Climb Despite McDonalds Miss
The trading week is off to a positive start for equities. US index futures are up 0.3%-0.6%, In Europe today, the Dax is up 0.2%, the FTSE is up 0.6%, but the CAC is down 0.5% with the Olympics underway in Paris. Asia Pacific trading saw gains across the board led by the Nikkei up […]
Markets Try To Rebound Ahead of the Weekend
NASDAQ futures are trying to shrug off two days of heavy selling and finish the week on an uptick with a morning gain of 1.1% which would claw back all of yesterday’s 0.9% index loss. Dow futures are up 0.6% and S&P futures are up 0.8%. European markets have also been bouncing back ahead of […]
Stock Selloff Continues Overseas Amid Mixed GDP and Earnings News
Yesterday’s stock market selloff felt like a roller coaster, starting slowly than accelerating through the day. A drop that started in large cap and technology stocks broadened out, particularly in the last two hours of trading where even a lot of stocks that had been up early in the day found themselves down by the […]
Earnings Driven Selloff and Bank of Canada Preview
Stock markets around the world have turned decisively downward overnight and into the morning. Overseas, The Hang Seng lost 0.9%, the Nikkei fell 1.1%, the CAC is down 1.0%, the Dax is down 0.7% and the FTSE is down slightly. Yesterday’s small losses for US indices have accelerated with NASDAQ futures down 1.3%, S&P futures […]
Ether ETF Launch and Earnings News In Focus
Earnings season resumes today with mixed results United Parcel Service is down 7.8% in premarket trading after disappointing on earnings ($1.79 vs street $1.99), while General Motors* is up 4.9% premarket after beating the street ($3.06 vs street $2.71), GE Aerospace* is up 3.2% premarket on a positive earnings report ($1.20 vs street $0.99), and […]
A Busy Week Starts With a Chinese Interest Rate Cut
Overnight, the People’s Bank of China capped off another weekend of summer surprises with a surprise 0.1% interest rate cut to 3.35%. In response to the news Hong Kong rallied 1.25%, while Shanghai fell by 0.6%. The reaction from other major Asia Pacific markets and commodities was bearish, however, indicating that investors view interest rate […]
Retail Sales Declines Spark Selloffs Amid a Major Technology Outage
Overseas markets have been in full retreat overnight and into this morning with the Hang Seng dropping 2.0%, the Dax down 0.7% and the FTSE falling 0.5%. US index futures are mixed with NASDAQ futures up 0.15% and Dow futures down 0.25%. Retail sales from the UK (-0.2% vs street +0.2% and previous 1.7%) and […]