Growing Tariff Threats Rattle World Markets
World stock markets have stabilized from Friday’s declines as traders await the next developments in the ongoing tariff war between the US and everyone else. With the three-month moratorium ending on Wednesday, the White House has indicated that letters should start going out today to trade partners threatening to bring back the higher tariffs on […]
Holiday Hangover as Focus Turns Back to Tariffs
Boosted by a strong US nonfarm payrolls report US equities surged into an early close heading into today’s Independence Day holiday, with major indices posting gains of 0.7% to 1.0%. After markets closed, President Trump’s ‘Big Bill’ passed Congress, and with US traders having left for the long weekend stocks appear to have paused for […]
Stocks Soar on Strong US Job Numbers
Both US Nonfarm Payrolls (147K vs Street 110K) and US weekly jobless claims (233K vs Street 240K) have come in better than expected, sparking a rally in US index futures, which are now up 0.2%-0.3%, heading into tomorrow’s US Independence Day holiday. In other news, Trump’s ‘Big Bill’ continues to move toward a final vote […]
ADP Payrolls Add to a String of Disappointing Data
July is off to a choppy start so far for the stock markets. On Tuesday, US indices finished with a 0.8% loss for the NASDAQ and a 0.9% gain for the Dow. This morning finds US index futures trading between -0.2% and +0.1%, while in Europe the FTSE is down 0.1% and the DAX is […]
Stocks Rally as Trade Talks Get Back on Track
The last day of the month and quarter finds US indices taking another run at all time highs, with US index futures up 0.5%-0.7%. News that Canada has dropped the digital services tax on US companies, which was supposed to kick in today, has been greeted warmly, as it enables trade talks to resume. Overseas […]
Earnings Beats and Trade Deal Progress Increase Confidence
Boosted by growing reports that the US and China may be close or have reached a deal on trade, stock markets around the world have continued to climb overnight and into this morning. Overseas, the Nikkei rallied 1.3% while the Dax is up 0.7% and the FTSE is up 0.6%. US index futures are up […]
US Indices Approach All-Time Highs
SIA Wealth Morning Minutes will not be issued Thursday, they will return on Friday June 26th. Tomorrow, Colin will be appearing on BNN Bloomberg’s The Street from 8:00-9:00 am EDT. What a wild roller coaster ride the first half of this year has been. From all-time highs in January, stocks plunged as tariffs took hold, […]
Stocks Soar as Ceasefire Begins
News of a ceasefire in the Israel-Iran war has sent stocks climbing sharply overnight and into this morning, and the price of oil tumbling. US index futures are up 0.6% to 1.0%, while in Europe, the Dax is up 1.8% and the FTSE is up 1.4%. Meanwhile, Crude Oil is down 4.3% trading near $65.50/bbl, […]
US Dollar Rallies As Iran War Escalates
In the wake of the US attack on Iran over the weekend, the price of oil jumped about 2.0% in initial premarket trading Sunday evening, but it has settled back overnight to a 0.2% gain. Stocks have also been quiet as investors brace for what may happen next. US index futures are flat to down […]
Fear Subsides on Reports of Iran Talks
Amid reports of potential talks between European leaders and Iran, and the White House suggesting that the US may take a couple of weeks to decide whether to launch an attack against Iran, investors appear to be dialling down their defensive postures. The price of Brent Crude Oil is down 3.2% this morning while Gold […]