Strong China GDP Keeps the Market Rally Going
For the moment at least, equity markets continue to shrug off war related risks, focusing instead on the potential that peace talks could be revived and that at least so far, the impact of war on the global economy has been less than feared. Earlier today, China reported is Q1 GDP, which includes 1 month […]
Rally Pauses Amid Blockades and Bank Earnings
With US blockade against Iran in place, President Trump has been talking about the Iran War potentially ending soon and the possibility of more peace talks. World markets have been digesting yesterday’s rally which saw major US indices climb 0.7% to 2.0% led by the NASDAQ. Overseas, the Nikkei gained 0.4%, and the Hang Seng […]
Stocks Climb as Investors Assess Earnings and Inflation Reports
Coming off a strong Monday which saw the S&P 500 gain 1.0%, US index futures are trading flat to up 0.5% with NASDAQ futures climbing the most. Overseas markets have been rallying as well, with the Nikkei up 2.4%, the Hang Seng up 0.8%, the DAX up 1.0% and the FTSE steady. As investors wait […]
Blockade Threats Rattle Markets as Earnings Season Starts
Over the weekend, peace talks between the US and Iran collapsed and were replaced by threats of President Trump of a Persian Gulf blockade, which sparked a selloff in index futures and a rally in oil prices overnight. US military officials have since clarified this to a blockade against ships sailing to or from Iranian […]
Oil Rebounds as Markets Reassess
We seem to be getting some sober second thought about the ceasefire in the markets today. Amid recognition that a ceasefire is not necessarily the end of the war and risks remain, world markets have been reversing some of yesterday’s big moves. Crude Oil contracts have bounced back up toward $100.00/bbl, with US Crude up […]
Ceasefire Sparks Stock Rally, Energy Selloff
A lot of the tensions that had been impacting world markets ahead of last night’s deadline eased swiftly overnight after President Trump announced a two-week ceasefire agreement, contingent on the reopening of the Strait of Hormuz following talks brokered by Pakistan and involving several parties. This period is intended to allow for further negotiations toward […]
Stocks Slide as Ceasefire Hopes Fade
After holding in reasonably well overnight, stocks have gone into retreat over the last couple of hours. President Trump’s deadline for a ceasefire deal with Iran before launching attacks against bridges and power plants is 8:00 pm tonight but reports suggest that some attacks against energy infrastructure by parties on both sides of the Gulf […]
Mixed Markets Await US Deadline
There have been conflicting reports over where the Iran War may be heading. On the one hand, President Trump has set a Tuesday deadline for Iran to reopen the Strait of Hormuz, or face attacks against power plants and bridges. On the other hand, there have been reports that ceasefire negotiations continue. Amid this uncertainty, […]
Oil Soars as Iran War Continues
World markets swiftly and decisively reversed course following President Trump’s address last evening. While indicating a lot of progress has been made and the US may finish its operations in 2-3 weeks, threats of hitting Iran harder including potentially power generation facilities suggested things could get worse before they get better spooked investors. Crude Oil […]
Moon Shot Days Arrive as Markets Rally on Ceasefire Hopes
President Trump is scheduled to deliver a live address to the US this evening at 9:00 pm. It is generally expected that he may give an update on the Iran War, with investors looking for any comments related to the reported 2-3 week timeline and whether there has been progress toward a ceasefire. Meanwhile, Artemis […]