Alphabet Disappointment Weighs on US Futures as Q3 Growth Accelerates
A major earnings disappointment from Google parent Alphabet last night is weighing on US index futures in premarket trading this morning. Investors have taken stronger-than-expected US Q3 GDP growth and in-line Q3 inflation as neutral to positive, pushing US Treasury yields and the US Dollar down slightly. US Q3 GDP grew 3.4%, ahead of the […]
SIA Wealth Morning Minutes: Surprise Macro News Drives Bigger Market Swings
Investors have become used to stocks making big moves around earnings reports, guidance and surprises. This week, we are seeing big swings at the macro level on surprise news. Earlier this week, for example, the Brazilian market fell 19.6% on a surprise election result. This morning, Israel is down 4.7% premarket following an indecisive election […]
Technology Stocks Retreat Despite Earnings Beats as Energy Prices Climb
AI-related stocks have resumed their retreat overseas and in the United States this morning. Overnight earnings have generally exceeded expectations, but market reactions remain mixed, with Industrials and Consumer Products companies receiving a more positive response than Technology companies. Energy prices are rising amid concerns that Middle East hostilities could escalate following upcoming elections in […]
Oil Surges as AI Stocks Retreat; Loonie Rallies on Alberta Vote
Overseas equity markets remain generally under pressure this morning as AI-related stocks resume their retreat and Crude Oil surges amid continuing conflict across the Middle East. NASDAQ futures are down 0.6%, while Dow futures are steady. The Loonie is rallying 0.5% after the Remain side secured a decisive 75%–25% victory in Alberta’s referendum. Although US […]
Tech Rebounds as European Markets Face Pressure
European equity markets and the Euro are under pressure to start the new trading week as France and other countries assess the aftermath of a weekend of violent protests. Meanwhile, AI stocks are bouncing back as traders go bargain hunting ahead of a shift in earnings season’s focus from Big Banks to Big Tech. NASDAQ […]
Markets Pause as AI Stocks Stabilise and Earnings Draw Mixed Reactions
With AI-related stocks stabilising, US markets appear to be digesting recent swings as the weekend approaches. Energy prices remain elevated as wars in the Middle East continue, while investor reactions to overnight earnings have been mixed. NASDAQ futures are down 0.1%, and Dow futures are steady. Alcoa ($1.82 vs Street $1.51) and Travelers ($9.18 vs […]
Technology Stocks Slide as US Inflation Pressures Accelerate
Technology stocks have remained under pressure overnight and into this morning, particularly in Asia Pacific and NASDAQ trading. While earnings reports continue to roll out, mainly from US regional banks, today’s focus has shifted to economic data. Stronger-than-expected retail sales point to consumer resilience, but a sharp rise in producer prices signals mounting inflation pressures. […]
Hotter US Inflation Lifts Yields and the Dollar
Hotter-than-expected US consumer prices are putting pressure on bonds this morning, driving Treasury yields and the US Dollar higher. Equity markets are mixed, with NASDAQ futures steady and Dow futures up 0.3%. Meanwhile, Crude Oil continues to climb as conflict in the Middle East persists. US consumer price inflation accelerated to 3.7%, above the Street’s […]
Bank Earnings Lift Financials as Treasury Yields Ease
Corporate earnings are taking centre stage this morning, with Financials climbing as investors welcome a largely positive first round of big bank results. Overnight weakness in Technology weighed on Asian trading, although US index futures are pointing higher, with NASDAQ futures down 0.7% and Dow futures gaining 0.8%. Energy prices are easing and Metals are […]
Loonie Slides on Job Losses as Technology Stocks Stabilize
The Loonie is under pressure this morning after Canada’s September employment report showed unexpectedly steep job losses. Meanwhile, US index futures are rebounding as yesterday’s Technology selloff appears to have subsided. Energy prices are easing following White House comments suggesting it does not intend to attack Iran before next month’s US midterm elections. Investors are […]