Markets Pause as Investors Digest This Week’s Developments

On a quiet morning for business news, equity markets have paused this morning as investors reflect on this week’s market action. US index futures are essentially flat trading between -0.1% and +0.1% coming off yesterday’s big gains of 3.0% for the NASDAQ, 2.1% for the S&P and 1.2% for the Dow that took indices to […]

Flash PMI Surveys and Earnings Spark a Stock Rally

Investors have responded positively to Flash PMI numbers from Japan, Europe and the UK overnight and into this morning. The first peek at February economic conditions has been mixed as Service surveys came in better than expected, but Manufacturing surveys came in softer than expected. Markets are also digesting a positive response to Nvidia’s* earnings […]

Stocks Slide Between Earnings Reports

Although the main part of earnings season is over and there are only a few notable reports this week, results and guidance continue to reflect shifting investor sentiment. Despite handily beating street expectations on EPS ($1.46 vs street $1.30), and sales, cybersecurity company Palo Alto Networks plunged in aftermarket trading yesterday afternoon, and currently it […]

China Rate Cut and First Retailer Earnings

Investors looking for central banks to start cutting interest rates got their wish overnight as China cut its 5-year loan rate by 0.25% to 3.95%, and several banks stepped in to shore up currency trading. While this news helped Hong Kong and Shanghai to bounce 0.4%-0.6%, the broader impact has been decidedly bearish. It appears […]

Producer Prices, Options and Earnings Drive Pre-Holiday Trading

It’s options expiry day and the last trading day before a long weekend in North America. US index futures have come down in the last few minutes since US economic reports came out. Higher than expected US producer prices (0.9% vs street 0.6% and previous 1.0%) and lower than expected US housing starts (1.33M vs […]

S&P Flirts With 5000 Amid Earnings and Economic News

US equities continue their rebound this morning. US index futures are up 0.1%-0.2%, with S&P futures back up above 5000, building on yesterday’s 0.4%-1.3% rebounds. In Europe today, the Dax is up 0.7% and the FTSE is up 0.1%. The Nikkei rallied 1.2% overnight and traded above 38,000 for the first time in over 30 […]

Stocks Bounce Back From a Correction

US index futures are up 0.3% to 0.8% this morning as markets try to claw back some of yesterday’s US index losses of 1.3% to 1.8%. Over in Europe today, the FTSE is up 1.0% and the Dax is up 0.4%. The US 10-year treasury note yield is steady near 4.30%. UK consumer prices were […]

Higher Inflation Hammers Stocks

Despite US indices like the Dow and the S&P hitting all-time highs yesterday, upward momentum was slowing and markets finished mixed with the Dow up 0.3% and the NASDAQ down 0.3% on the say. Today momentum has tipped over and turned sharply downward with US index futures dropping 0.8% to 1.6%, while the Dax is […]

Stocks Consolidate S&P 5000 as Earnings Season Continues

Coming off a big Friday where the S&P 500 gained 0.5% to close above 5000 for the first time ever, US index futures are flat, trading between -0.1% and +0.1%. In Europe, the Dax is up 0.3% while the FTSE is down 0.2%. Most Asia Pacific markets were closed for Lunar New Year holidays but […]

S&P 500 Breaks Through 5,000, Canada Jobs Beat Expectations

US equities continue to climb at a moderate pace. Building on yesterday’s US major index gains of 0.1%-0.2%, US index futures are up 0.1% to 0.3% this morning. Having peeked above 5,000 briefly yesterday, S&P futures are trading clearly above the 5,000 level this morning. Indices are essentially flat in Europe this morning. Treasury yields […]