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 and Currencies Digest Monday Moves
US index futures are quiet this morning trading flat to up 0.1% as equities digest their Monday rallies that drove gains of 0.5% for the S&P 500 and 1.2% for the NASDAQ. European trading action is mixed with the FTSE down 0.3% and the Dax up 0.5%. The US Dollar has stabilized this morning after […]
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 […]
Mixed Holiday Week Trading Continues
US index futures are up 0.3%-0.4%, bouncing back from yesterday’s US index declines of 0.2%-0.4%. In Europe today, the FTSE is flat and the Dax is down 0.2% in the last day of quieter holiday season trading. Natural gas continues to give back gains made earlier this week, sliding 4.8% so far this morning. Crude […]
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 […]
Short Squeeze Subsides as Holiday Trading Begins
Friday’s Triple Witching Day, which had started with a premarket slump, turned into a big rally and short squeeze with major US indices gaining 1.0%-1.2%. Starting today, with many market participants away on holidays or in and out of the office for the next two weeks, trading has quietened down. US index futures are mixed […]
Bitcoin Hits a New High as Traders Digest Economic News
Bitcoin spiked up to a new all-time high overnight above $106,000 on the news that Bitcoin holder MicroStrategy is going to be added to the NASDAQ 100 Index. This means that equity capital flowing into NASDAQ-tracking funds may now circle into Bitcoin as well, potentially accelerating mainstream adoption. NASDAQ futures are up 0.5% on this […]
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 […]