Stocks Rally as Trade Talks Get Back on Track
The last day of the month and quarter finds US indices taking another run at all time highs, with US index futures up 0.5%-0.7%. News that Canada has dropped the digital services tax on US companies, which was supposed to kick in today, has been greeted warmly, as it enables trade talks to resume. Overseas […]
Earnings Beats and Trade Deal Progress Increase Confidence
Boosted by growing reports that the US and China may be close or have reached a deal on trade, stock markets around the world have continued to climb overnight and into this morning. Overseas, the Nikkei rallied 1.3% while the Dax is up 0.7% and the FTSE is up 0.6%. US index futures are up […]
US Indices Approach All-Time Highs
SIA Wealth Morning Minutes will not be issued Thursday, they will return on Friday June 26th. Tomorrow, Colin will be appearing on BNN Bloomberg’s The Street from 8:00-9:00 am EDT. What a wild roller coaster ride the first half of this year has been. From all-time highs in January, stocks plunged as tariffs took hold, […]
Stocks Soar as Ceasefire Begins
News of a ceasefire in the Israel-Iran war has sent stocks climbing sharply overnight and into this morning, and the price of oil tumbling. US index futures are up 0.6% to 1.0%, while in Europe, the Dax is up 1.8% and the FTSE is up 1.4%. Meanwhile, Crude Oil is down 4.3% trading near $65.50/bbl, […]
US Dollar Rallies As Iran War Escalates
In the wake of the US attack on Iran over the weekend, the price of oil jumped about 2.0% in initial premarket trading Sunday evening, but it has settled back overnight to a 0.2% gain. Stocks have also been quiet as investors brace for what may happen next. US index futures are flat to down […]
Fear Subsides on Reports of Iran Talks
Amid reports of potential talks between European leaders and Iran, and the White House suggesting that the US may take a couple of weeks to decide whether to launch an attack against Iran, investors appear to be dialling down their defensive postures. The price of Brent Crude Oil is down 3.2% this morning while Gold […]
Stocks Slide Amid Central Bank Decisions
US exchanges are closed for the Juneteenth holiday, but that has not stopped traders from reacting to political and monetary developments. Overseas markets are down in overnight trading with Hang Seng losing 2.0%, the Nikkei sliding 1.0%, the DAX dropping 0.6%, and the FTSE falling 0.4%. US index futures are down 0.4%-0.6% ahead of closing […]
Markets Stabilize as Focus Turns to Central Banks
There were no major new developments in the Middle East overnight, so investors’ focus has now turned to central banks with three interest rate decisions due over the next 24 hours. The Fed is expected to announce that it is holding the Fed Funds rate steady at 4.50% at 2:00 pm EDT, leaving investors to […]
War Concerns Weigh on Investor Sentiment
Fears that the war in the Middle East could escalate further appear to be weighing on world markets this morning after President Trump left the G7 summit early and issued an online warning telling people to get out of Tehran. This morning finds US index futures down about 0.4% while in Europe the Dax is […]
Markets Digest War Developments; G7 and Fed Meet This Week
Clawing back some of Friday’s 1.1%-1.8% US index losses, US index futures are up 0.6% to 0.8% this morning. The price of Gold is down 0.5%, the price of Oil is down 1.1% and the price of Bitcoin is up 1.4%. This action suggests that some of the fear which gripped markets when the Israel-Iran […]