Commodities Climb with Oil Inventories, Flash PMI and Retail Sales In Focus

In the wake of yesterday’s record high close for the NASDAQ, the Hang Seng caught fire, climbing 1.8% overnight. This morning’s equity market action has been mixed with US index futures and the Nikkei all essentially flat, the FTSE gaining

Steady Stocks Digest Market Bounce and Await Powell Testimony

Yesterday’s bounce back in North American markets that saw the Dow Industrials gain 1.8% and the NASDAQ rise 0.8% continued into Asia Pacific trading overnight where the Nikkei soared 3.1%. This morning, major indices in Europe are climbing moderately with

Stocks Bounce Back as China Crushes Cryptocurrencies

The new trading week started with a follow-through selloff in Asia that saw the Nikkei plunge 3.3% and the Hang Seng slide 1.1%. As the rest of the world turned toward morning, stocks have regained their footing and have started

Indices Keep Sliding on Monthly Options Expiry Day

With economic and corporate news flow still seasonally quiet, and nothing else to distract them going on, investors still appear to be clinging to Wednesday’s slightly-less-dovish than thought Fed projections in interest rates. In the absence of new developments, US

Fed Projections Ignite US Dollar Rally, Commodity Selloff

The main event of yesterday’s flurry of Fed news turned out to be the member projections. Investors appear to have latched on to number of FOMC members calling for 1-2 rate hikes in 2022 to 7 from 4 in the

North American Central Bank Leaders Speak Today

US investors appear to be sitting on their hands this morning, reluctant to make any significant commitments ahead of this afternoons Fed News. The central bank’s monetary policy decision, statement, and member projections are due at 2:00 pm EDT, followed

Retail Sales and Producer Prices In Focus Ahead of Wednesday Fed Decision

Overseas markets are trading higher this morning as investors react to the recent G-7 and NATO summits and look ahead to tomorrow’s Fed decision and the Biden-Putin summit meeting. Today’s big political news is that the US and EU have

SIA Wealth Morning Minutes: Stocks Hold Steady Between Meetings

Monday finds US index futures plus the Dax and FTSE treading water trading flat to up 0.3%. Asia Pacific markets were a bit more active with the Hang Seng rising 0.4%, the Nikkei climbing 0.7%, but Shanghai falling 0.6%. The

Stocks Climb as Focus Turns From Data To Meetings

With the hubbub surrounding yesterday’s stronger than expected US inflation number, investor focus has turned to a series of political and central bank meetings being held over the next few days. The G-7 annual leaders summit starts today with finalization

US Inflation, Gamestop Earnings, and ECB Decision In Focus

US headline consumer prices jumped even more than expected in May (5.0% vs street 4.7% and previous 4.2%). Excluding the usually more volatile food and energy components (core inflation), prices popped more than expected (3.8% vs street 3.4% and previous