US Inflation and Bank of Canada Meeting In Focus Today
US index futures are trading up 0.1% to 0.4% following the release of a relatively benign US inflation report, as they try to shake off yesterday’s US index declines of 0.2% to 0.3%. Over in Europe, the Dax is flat and the FTSE is up 0.3%. US Consumer prices were in line with expectations, up […]
Bitcoin Breaches $100,000
Markets, being dominated by humans can get drawn psychologically to large numbers. This year we have seen the S&P 500 blast through 5,000 and 6,000, the Dow Industrials rally through 40,000 and 45,000, the Nasdaq clear 20,000 and keep on going and Gold use $2,500 as a launch pad. Today the focus is on cryptocurrencies […]
Positive Earnings Propel Stocks Upward; ADP Payrolls Disappoint
US index futures are up 0.3% to 0.6% this morning but have been backsliding a bit as the morning has progressed. European action is mixed with the FTSE down 0.3% and the Dax up 0.6%. Commodities are mixed with Copper down 0.6% and US Crude Oil up 0.1%. Gold is down 0.3%, while Bitcoin is […]
Global Markets Bounce Back in US Holiday Trading
Although US markets declined heading into the Thanksgiving/Black Friday holiday weekend with declines of 0.3% to 0.6% yesterday, stock markets around the world have been bouncing back this morning. In Europe, the Dax is up 0.7% as German consumer prices showed inflation pressures continue ease, and the FTSE is up 0.1%. Canadian TSX index futures […]
Strong Start to a Short Week
Equity markets are off to a positive start this week with US index futures up 0.5%-0.7%, building on overseas gains of 0.4% for both the FTSE and Dax and 1.3% for the Nikkei. The Ukraine conflict didn’t worsen over the weekend and investors appear to be pleased with incoming President Trump’s pick for Treasury Secretary. […]
Target Misses, Investors Await Afternoon Nvidia Earnings
US index futures are up moderately this morning with gains of 0.2%-0.4% so far. Hong Kong and continental European markets are up about the same while the FTSE is up 0.2%. UK trading appears to be lagging after the country’s latest consumer price index report (2.3% vs street 2.2% and previous 1.7%) suggested that inflation […]
Producer Prices, Options and Earnings Drive Pre-Holiday Trading
It’s options expiry day and the last trading day before a long weekend in North America. US index futures have come down in the last few minutes since US economic reports came out. Higher than expected US producer prices (0.9% vs street 0.6% and previous 1.0%) and lower than expected US housing starts (1.33M vs […]
Stocks Consolidate S&P 5000 as Earnings Season Continues
Coming off a big Friday where the S&P 500 gained 0.5% to close above 5000 for the first time ever, US index futures are flat, trading between -0.1% and +0.1%. In Europe, the Dax is up 0.3% while the FTSE is down 0.2%. Most Asia Pacific markets were closed for Lunar New Year holidays but […]