Markets Drift Toward the Weekend as Canada Jobs Contract
A tumultuous ten days for world markets appears to be calming down as the weekend approaches. Yesterday’s rally continued through Asia Pacific trading but has slowed this morning. US index futures have been flipping between slightly positive and slightly negative, while in Europe, the Dax is up 0.1% and the FTSE is up 0.4%. Commodities […]
Choppy Trading Continues Across World Markets
Downward momentum from yesterday’s US market retreat continued through overseas trading overnight with the FTSE falling 1.0% the Nikkei sliding 0.75%, and the Dax losing 0.4%. US index futures are trading flat to up 0.1%, consolidating yesterday’s US index losses of 0.6% to 1.0%. Metals are picking up a bit with Gold rising 0.8%, […]
Stocks Try to Claw Back Recent Losses
SIA Wealth Morning Minutes will not be issued tomorrow. It will return on Thursday August 6th. Coming off a brutal start to the trading week, some of the hardest hit equity markets around the world have been bouncing back overnight and into this morning. US index futures are up 0.5%-0.7%, retracing some of yesterday’s 2.6%-3.4% […]
Overseas Market Plunge, Big Tech/Oil Earnings and Nonfarm Payrolls Rock Stocks
The selloff in equity markets accelerated in overseas trading overnight and continues this morning. Tokyo plunged 5.8%, while Seoul lost 3.6%, and both Sydney and Hong Kong lost 2.1%. European bourses are also red across the board with Frankfurt down 1.9% and London down 0.3%. US index futures are getting hammered as well with morning […]
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 […]