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 […]
S&P 500 Reaches 5,000
It’s a momentous day for US equity markets with the S&P 500 Index reaching the 5,000 mark for the first time today. The S&P 500 has gained 3.1% over the last week, compared with a 0.25% decline for the S&P/TSX Composite Index. While Technology continues to drive the rally, there has been wider participation among […]
Earnings Reports Dominate Business News
US index futures are trading flat to up 0.3% with NASDAQ futures leading the way, essentially evening out yesterday’s US index performance of flat to up 0.3% where the Dow Industrials were the leader. Major European indices are in the red across the board with the FTSE falling 0.3% and the Dax down 0.2%.Now that […]
China Bounces Back Ahead Of Holidays
The big story overnight has been a rebound in Chinese stocks with Hong soaring 4.0% and Shanghai gaining 3.2% after Chinese securities regulators tried to shore up support by indicating plans to “guide” institutional investors to invest more in equities. This comes following several weeks of declines for Chinese markets and just ahead of the […]
Earnings And Powell In Focus To Start The Trading Week
World markets are sloppy to start the week. US index futures are down 0.1% to 0.3%, consolidating Friday’s gains of 0.35% to 1.75%. European markets are mixed with the Dax down 0.1% and the FTSE up 0.3%. Asia Pacific trading was mostly soft with Tokyo up 0.5%, but Sydney, Seoul and Shanghai all falling 1.0% […]
Strong Payrolls And Earnings Drive Stocks Higher
Building on yesterday’s US index gains of 1.0%-1.3%, US index futures are up 0.1% to 1.0% with NASDAQ Futures leading the way higher amid a series of positive business developments. Over in Europe today, the Dax is up 0.7% and the FTSE is up 0.4%. The US 10-year treasury note yield has climbed back up […]
Hawkish Central Banks Rock World Markets
Equity markets have been mixed around the world overnight and into this morning in the wake of yesterday afternoon’s selloff that saw US indices finish down 0.,8%-2.2%. Stocks sold off after the Fed took a “neutral hold” stance at yesterday’s meeting that was hawkish relative to investor expectations. Between the statement and his press conference, […]
January Ends Amid Flurry Of Earnings, Economic And Fed News
NASDAQ futures are down 1.0% and S&P futures are down 0.4%, adding to yesterday’s respective losses of 0.75% and 0.1% as investors digest another round of overnight earnings from US mega cap stocks. Once again the prevailing theme has been one of companies beating expectations on earnings but missing on sales, guidance or some other […]
Stocks Start To Slide As Earnings Season Resumes
US index futures have started to pull back this morning with the three main contracts down 0.2%-0.3%, giving back some of yesterday’s US market gains of 0.6% to 1.1%. The US 10-year treasury note yield has dropped back toward 4.05% ahead of tomorrow’s Fed decision, while the 10-year German bund yield is holding steady near […]
Investors Prepare For A Week Of Potentially Big News Developments
This morning feels like the calm before the upcoming storm for equity markets. US index futures are pretty much flat trading between -0.1% and +0.2% coming off a day of mixed performance last Friday. European bourses are trading flat to slightly lower with the FTSE up 0.1% and the Dax down 0.5%. Troubled Chinese […]