Employment, Earnings and Potential Sanctions Drive Big Market Moves
There have been a number of positive developments this morning, but the market reaction to them in a macro and individual level has been very different. North American job numbers for December showed job creation accelerating. Both US Nonfarm Payrolls (256K vs street 154K and previous 212K) and Canada employment (street 90K vs street 25K […]
Mixed Markets Await Friday Payrolls
US stock exchanges are closed today for President Carter’s funeral. Index futures are open for a few more minutes until closing and so far they are trading flat to down 0.25% after finishing yesterday flat to up 0.25%. In Europe today, the Dax is flat and the FTSE is up 0.7%. With the US 10-year […]
Stocks and Bonds Retreat as Treasury Yields Climb; ADP Payrolls Miss
Adding to yesterday’s US index losses of 0.4% to 1.9%, US index futures are down 0.1% to 0.2% this morning. European bourses are in red across the board with the CAC down 1.0%, the FTSE down 0.6% and the Dax down 0.3%. Asia Pacific trading saw the Hang Seng lose 0.9%. The 10-year US treasury […]
Stocks Rally, US Dollar Retreats As Investors Return to Work
Traders have returned from the holidays in a positive mood. US Index futures are up 0.4% to 1.0% with NASDAQ futures leading the way higher. In Europe today, the Dax is up 1.2%, the CAC is up 2.0%, but the FTSE is flat. Asia Pacific trading saw Japan lose 1.5% and India lose 1.6%, while […]
US Attempts a New Year’s Rally
North American traders appear to have returned from the New Year’s holiday in an optimistic mood. US index futures are up 0.7% to 1.0%, quickly erasing Tuesday’s US index losses of 0.1% to 0.9%. Cryptocurrencies are also rallying with Bitcoin up 2.3% and Ether up 3.4%. Commodities are also climbing so far with Crude Oil […]
Stocks Stabilize on the Last Trading Day of 2024
US stocks are stabilizing this morning with index futures up 0.1%-0.3% as they try to claw back some of yesterday’s US index losses of 1.0%-1.2%. Over in Europe, trading is mixed with the Dax down 0.4% and the FTSE up 0.6%. The weakness of the last few days appears to be related to a combination […]
Stocks Slip as Treasury Yields Climb
Equity markets in the US were unable to build on Tuesday’s positive momentum, but major indices were able to shrug off early losses to finish the day essentially flat. Today US index futures are down 0.3%-0.4% as investors continue to grapple with the headwind of rising Treasury yields. In Europe today, the FTSE is flat […]
Global Markets Rebound as FOMC Decision Looms
Shrugging off yesterday’s US index losses of 0.3%-0.6%, US index futures are up 0.2%-0.4% this morning. Over in Europe, the FTSE is up 0.1% and the Dax is up 0.2%. Chinese markets are also bouncing back with Hong Kong rising 0.8% and Shanghai gaining 0.6%. Commodities are also picking up today with US Crude Oil […]
Stocks Backtrack Despite Strong Retail Sales
US trading is subdued this morning with index futures trading down 0.3%-0.5%. Even red-hot Broadcom, which soared another 11% yesterday, appears to be slowing down, dipping 0.5% in premarket trading. Over in Europe, the Dax is down 0.2%. The FTSE is down 0.8% on signs of stagflation as employment growth slowed and wage inflation accelerated. […]
Earnings Beats Boost US Stocks
Bouncing back from US index declines of 0.5% to 0.7% yesterday, US index futures are up 0.1% to 0.9% this morning. European markets are quiet with the Dax, CAC and FTSE all holding steady. Asia Pacific markets fell to end the week with the Hang Seng dropping 2.1% and the Nikkei sliding 1.0%. The US […]