Powell Rally Continues as Investors Digest Data

Stocks and commodities capped off November with a big rally into the close, sparked by comments from Fed Chair Powell who suggested the US central bank could potentially start to slow the pace of interest rate increases as soon as

Commodities Climb As ADP Payrolls Weaken

US ADP payroll growth slowed significantly in November and came in worse than expected (127K vs street 200K and previous 239K), seemingly confirming widespread street speculation that US employment could potentially weaken after the midterm elections. Weekly jobless claims tomorrow

Big News From Big Banks In Canada

Amid reports of new COVID cases in China starting to drop off, commodities have been on the rebound this morning with WTI Crude Oil gaining 1.7%, and Copper climbing 1.0%. The Hang Seng popped 5.2% overnight as well. Stock markets

China Lockdowns, Black Friday Results and Canadian Bank Earnings Preview

US investors return from the Thanksgiving weekend today to find stocks and commodities in retreat. With a rise in protests over the weekend, the impact of China’s latest wave of lockdowns on the domestic and global economy, including the demand

Football and Black Friday In Focus

With many US investors still away for the Thanksgiving holiday weekend and US exchanges only open for a half-day, closing at 1:00 pm EST, market action has been listless for the most part. US index futures are mixed with Dow

FOMC Minutes Provide Support on Turkey and Football Day

Investors continue to respond bullishly to yesterday’s FOMC minutes which suggested that even though the terminal rate for this interest rate hiking cycle may move higher, the pace of interest rate increases may slow moving forward. This news propelled US

Energy Markets Active as Investors Digest Economic News

US index futures trading has been pretty quiet so far on Getaway Day ahead of tomorrow’s Thanksgiving holiday. The three main contracts are flat to up 0.2%, consolidating yesterday’s gains of 1.1%-1.4% for major US indices. European equity trading has

Stocks and Metals Rally As Investors Await More Economic News

Stocks and commodities are in the green for the most part so far today. US index futures are up 0.3%-0.4%, clawing back some of yesterday’s US index losses. European markets are flat to up moderately with the FTSE gaining 0.6%

Markets Retreat To Start a Short Week

A trading week shortened by the closed and reduced sessions around Thursday’s US Thanksgiving holiday has started with many markets around the world in reverse this morning. US index futures are down 0.1%-0.5%, with the NASDAQ leading the way downward,

Positive Earnings Reports Boost Stocks

Shrugging off yesterday’s flat to slightly down finish for US indices, US index futures are up 0.4% to 0.8% this morning. Major European indices are also green across the board with the Dax and CAC both up 1.0% and the