World Markets Send Mixed Signals as Employment Weakens
US index futures appear to be trying to shake off yesterday’s mixed US index performance, with the three main contracts climbing 0.2% to 0.3%. Overseas market action has also been mixed. The Nikkei rallied 1.8%, but the Hang Seng fell 0.9% and in Europe today, the major markets are all, essentially, flat. Like the US […]
Stocks Rally on Tariff News as Earnings Remain Mixed
President Trump’s new tariffs come into effect today against countries who have not reached new trade deals yet, but traders appear undaunted as US index futures are up 0.4%-0.7%, adding to yesterday’s US index gains of 0.2% to 1.2% led both times by the NASDAQ. Sentiment appears to be getting a boost from reports that, […]
Markets Respond to Latest Trump Tariff Threats
President Trump continues to roll out his tariff program, impacting trading across world markets. Yesterday, he announced that tariffs on semiconductors are coming soon. Overnight, he threatened to raise tariffs on India over its purchases of Russian Crude oil, a move that has sent the price of Texas Tea up 1.4% so far today and […]
Stocks Build on Monday Gains
The trading week got off to a strong start yesterday with US indices gaining 1.3%-2.1%. Overnight trading saw markets in China and Japan climb 0.6%-1.0%, and in Europe this morning, the DAX is up 0.7% and the FTSE is up 0.4%. The US Dollar is strengthening, sending the Euro and Loonie down 0.2% and Gold […]
Stocks Rally on Big Tech Earnings; Copper Plunges off a Cliff
One of the themes which had been dominating this earnings season had been strong results and mixed guidance followed by selloffs as investors took profits against the news. Overnight, investors have responded positive to earnings and guidance from Microsoft and Meta Platforms, sending their shares soaring 8.7% and 11.2% in premarket trading, and pushing NASDAQ […]
Steady Markets Await Interest Rate Decisions and Big Tech Earnings
Coming off yesterday’s moderate pullback, which saw US indices decline 0.3%-0.5%, US index futures are trading flat to up 0.2%. Overseas, the Hang Seng lost 1.3%, the Nikkei was quiet, the FTSE has lost 0.3% and the Dax is up 0.1%. Commodities have erased earlier losses with Crude Oil now flat and Copper now down […]
Indexes Climb Despite Post-Earnings Selloffs
Building on yesterday’s all time high for the S&P 500 (by one measly point), US index futures are trading flat to up 0.5% this morning, with the NASDAQ leading gains. Investors appear to be focusing on the potential for more trade deals ahead of Friday’s US tariff deadline and looking ahead to tomorrow’s central bank […]
US-EU Trade Deal Kicks Off a Busy Week For Business News
Over the weekend the US and EU agreed to a new trade deal which includes a 15% tariff on EU goods entering the US. The EU also agreed to buy $750B of US energy and make investments of $600B in the US. This news arrives ahead of Thursday’s deadline to reach new trade deals with […]
Traders Look Ahead to a Big Week Next Week
US index futures are quiet this morning, but overseas markets have been under pressure overnight and into this morning with the DAX down 0.8%, the FTSE down 0.5%, the Nikkei down 0.9%, and the Hang Seng down 1.1%. Commodities are up today with Crude Oil and Copper rising 0.4% and 0.1% respectively. The US Dollar […]
Negative Reactions to Positive Earnings Continue
Earnings reports have continued to trigger selloffs in large cap stocks overnight and into this morning as investors focus more on future outlooks than past results. These moves provide more evidence to suggest that the big market rally of the last three months likely has already priced in high expectations. Chipotle Mexican Grill is down […]