Traders Try to Pick Up the Pieces
Coming off of a volatile Friday that saw the NASDAQ lose 2.0% and several big name tech stocks get hammered, the three main US index futures contracts are all up about 0.5% this morning, while in Europe, the Dax is up 0.5% and the FTSE is up 1.6%. In addition to some bargain hunting and […]
Volatility Increases Amid Middle East Conflict and Earnings Reports
It has been a volatile evening and morning for world markets overnight and into this morning. Fear gripped markets late last evening when initial reports of Israel launching an attack against Iran sending stocks lower and oil higher. Into this morning cooler heads have prevailed somewhat, but it remains clear that amid conflict in the […]
Copper Soars While Stocks Attempt a Comeback
Equity markets appear to be trying to put an end to their recent losing streak. US index futures and the FTSE are up about 0.25% this morning, while the Dax is up 0.1%. Cryptocurrencies are bouncing back, with Bitcoin climbing 2.2%, and the VIX is dropping back, both signs that fear may be starting to […]
World Markets Digest Central Bank Talk and More Earnings Reports
Central bank speakers and earnings reports are in the spotlight this morning. Yesterday afternoon, Fed Chair Powell confirmed what rising treasury yields have been telling us for weeks, that the US is not making enough progress on inflation essentially suggesting that US rate cuts are likely to be postponed and continuing the theme of higher […]
US Earnings Beats Shore Up Support, But Uncertainty Remains
Market action around the world has been all over the map overnight. Downward momentum from yesterday’s US selloff continued through Asia Pacific and European trading as traders reacted to mixed data from China. Meanwhile, ongoing political instability in the Middle East has continued to impact risk appetite and investor fear as Gold is up another […]
Stocks Backslide as Earnings Season Starts
Thursday ended up being an odd day for equity markets where the NASDAQ soared 1.7%, but the large cap S&P 500 and small cap Russell 2000 only gained 0.7% and the Dow finished flat. This morning finds US index futures pulling back 0.2%-0.5% as traders assess the first day of earnings season with results from […]
Stocks Try To Bounce Back Between Inflation and Earnings Reports
Statements from the Bank of Canada yesterday and the European Central Bank this morning, after both banks held their benchmark interest rates steady, indicate that the “higher for longer” theme on monetary policy continues with bankers leaving the door open to future rate cuts but also indicating no near term plans to do so until […]
Stocks Fall, Traded Interest Rates Jump, as US Inflation Accelerates
US index futures have dropped off a cliff in the minutes following the release of a hotter than expected US inflation report. Through the morning ahead of the news, the three main US index futures contracts had been flat but now are down 1.1%-1.5%. Headline US Consumer Prices (3.5% vs street 3.4% and previous 3.2%), […]
Cautious Investors Await Inflation and Earnings Due Later This Week
A quiet start to the week in North America has continued this morning with US index futures trading up 0.1% to 0.3%. The US 10-year treasury note yield is holding steady near 4.40%. Overseas trading has been mixed with Asia Pacific markets rallying but European markets declining. The Nikkei rose 1.0% and the Hang Seng […]
Solar Eclipse Day Arrives With Traders Digesting a Quiet Weekend
Overseas markets rallied to start the trading week overnight in a move to catch up to Friday’s North American rally. Gains of 0.9% for the Nikkei, 0.6% for the Dax, and 0.2% for the FTSE, were moderate, however, compared with Fridays US index gains of 0.8% to 1.2%. US index futures are flat this morning, […]