World Markets Await Summit News
After today, SIA Wealth Morning Minutes will be on summer vacation for the next two weeks, returning Tuesday, September 2nd. With a 2-point gain, the S&P 500 managed to eke out another all-time high yesterday, but investors have had difficulty keeping the party going overnight. US index futures are split between a 0.5% gain for […]
Rising Inflation Sinks Stocks, Sparks US Dollar Rally
US index futures have turned sharply downward after US producer prices jumped in July (3.3% vs Street 2.5% and previous 2.3%), contradicting Tuesday’s consumer price report and suggesting that tariffs may be starting to drive up inflation. US core PPI (excluding food and energy) was even worse (3.7% vs Street 2.9 and previous 2.6%). US […]
Stock Markets Continue to Climb
Yesterday was a banner day for US equity markets with the small cap Russell 2000 rallying 3.0% and the large cap indices gaining 1.1%-1.4%, sending the S&P 500 and the NASDAQ Composite to new all-time highs. This morning finds the three main index futures contracts up another 0.2%-0.3%. Positive momentum has continued overnight with the […]
Trade and Inflation News Boost Stocks
US index futures are climbing again today with gains of around 0.4% for the three main contracts. Overnight, President Trump announced another 90-day delay to the imposition of tariffs on China to allow talks to continue. This was particularly well received in Japan, where the Nikkei rallied 2.1%, while the Hang Seng gained 0.3%. This […]
Gold Drops as Traders Await Tariff News
Continuing a reversal which started on Friday afternoon after the price approached $3,500/oz, Gold is down 2.3% this morning. The yellow metal has become more volatile due to speculation over whether the Trump Administration will launch tariffs on imports of bullion; and if so, how much? Gold may remain volatile in the short term until […]
World Markets Send Mixed Signals as Employment Weakens
US index futures appear to be trying to shake off yesterday’s mixed US index performance, with the three main contracts climbing 0.2% to 0.3%. Overseas market action has also been mixed. The Nikkei rallied 1.8%, but the Hang Seng fell 0.9% and in Europe today, the major markets are all, essentially, flat. Like the US […]
Stocks Rally on Tariff News as Earnings Remain Mixed
President Trump’s new tariffs come into effect today against countries who have not reached new trade deals yet, but traders appear undaunted as US index futures are up 0.4%-0.7%, adding to yesterday’s US index gains of 0.2% to 1.2% led both times by the NASDAQ. Sentiment appears to be getting a boost from reports that, […]
Markets Respond to Latest Trump Tariff Threats
President Trump continues to roll out his tariff program, impacting trading across world markets. Yesterday, he announced that tariffs on semiconductors are coming soon. Overnight, he threatened to raise tariffs on India over its purchases of Russian Crude oil, a move that has sent the price of Texas Tea up 1.4% so far today and […]
Stocks Build on Monday Gains
The trading week got off to a strong start yesterday with US indices gaining 1.3%-2.1%. Overnight trading saw markets in China and Japan climb 0.6%-1.0%, and in Europe this morning, the DAX is up 0.7% and the FTSE is up 0.4%. The US Dollar is strengthening, sending the Euro and Loonie down 0.2% and Gold […]
Stocks Rally on Big Tech Earnings; Copper Plunges off a Cliff
One of the themes which had been dominating this earnings season had been strong results and mixed guidance followed by selloffs as investors took profits against the news. Overnight, investors have responded positive to earnings and guidance from Microsoft and Meta Platforms, sending their shares soaring 8.7% and 11.2% in premarket trading, and pushing NASDAQ […]