Stocks Bounce Back as Big Tech and Big Oil Report Results
US index futures are trading up 0.3% (Dow) to up 1.1% (NASDAQ) shrugging off yesterday’s stagflation sparked selloff that saw US indices drop 0.4%-1.0% with investors responding positively to another round of generally positive earnings reports released overnight. Overseas, the Dax is up 0.8%, the FTSE is up 0.5% and the Hang Seng rallied 2.1%. […]
Stagflation Slams Stocks Amid a Flood of Earnings Reports
Equity markets were already struggling yesterday and overnight as investors continued to digest the deluge of earnings reports that have been coming out this week. In the last few minutes, selling pressure has intensified in the wake of US economic numbers that scream STAGFLATION (low economic growth and high inflation). US Q1 GDP slowed and […]
Stocks Keep Climbing as Earnings Beats Roll In
Building on yesterday’s US index gains of 0.7% to 1.6%, US index futures are trading flat to up 0.7% with NASDAQ futures leading the way higher again. European bourses are also broadly in the green with the Dax up 0.3% and the FTSE up 0.6%. In Asia Pacific trading, the Nikkei and the Hang Seng […]
Stocks Rise as Focus Turns To Earnings and Surveys
Stock markets around the world have been on the rise overnight and into this morning. US index futures are up 0.1%-0.3%, while overseas, the Dax is up 1.0%, the FTSE and Nikkei are up 0.3%, and the Hang Seng popped 1.9%. The US 10-year treasury note yield is holding steady near 4.65%. With tensions […]
Traders Try to Pick Up the Pieces
Coming off of a volatile Friday that saw the NASDAQ lose 2.0% and several big name tech stocks get hammered, the three main US index futures contracts are all up about 0.5% this morning, while in Europe, the Dax is up 0.5% and the FTSE is up 1.6%. In addition to some bargain hunting and […]
Volatility Increases Amid Middle East Conflict and Earnings Reports
It has been a volatile evening and morning for world markets overnight and into this morning. Fear gripped markets late last evening when initial reports of Israel launching an attack against Iran sending stocks lower and oil higher. Into this morning cooler heads have prevailed somewhat, but it remains clear that amid conflict in the […]
Copper Soars While Stocks Attempt a Comeback
Equity markets appear to be trying to put an end to their recent losing streak. US index futures and the FTSE are up about 0.25% this morning, while the Dax is up 0.1%. Cryptocurrencies are bouncing back, with Bitcoin climbing 2.2%, and the VIX is dropping back, both signs that fear may be starting to […]
World Markets Digest Central Bank Talk and More Earnings Reports
Central bank speakers and earnings reports are in the spotlight this morning. Yesterday afternoon, Fed Chair Powell confirmed what rising treasury yields have been telling us for weeks, that the US is not making enough progress on inflation essentially suggesting that US rate cuts are likely to be postponed and continuing the theme of higher […]
US Earnings Beats Shore Up Support, But Uncertainty Remains
Market action around the world has been all over the map overnight. Downward momentum from yesterday’s US selloff continued through Asia Pacific and European trading as traders reacted to mixed data from China. Meanwhile, ongoing political instability in the Middle East has continued to impact risk appetite and investor fear as Gold is up another […]
Stocks Backslide as Earnings Season Starts
Thursday ended up being an odd day for equity markets where the NASDAQ soared 1.7%, but the large cap S&P 500 and small cap Russell 2000 only gained 0.7% and the Dow finished flat. This morning finds US index futures pulling back 0.2%-0.5% as traders assess the first day of earnings season with results from […]