Energy Markets Rally With Overseas Politics in Focus
After finishing flat to slightly lower on Friday, US markets are trading flat to slightly higher this morning, led by a 0.3% gain in NASDAQ futures. Investors continue to weigh the implications of last week’s disappointing U.S. employment numbers, balancing the potential for interest rate cuts against the risks a slowing economy poses to corporate […]
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 […]
Traders Look Ahead to a Big Week Next Week
US index futures are quiet this morning, but overseas markets have been under pressure overnight and into this morning with the DAX down 0.8%, the FTSE down 0.5%, the Nikkei down 0.9%, and the Hang Seng down 1.1%. Commodities are up today with Crude Oil and Copper rising 0.4% and 0.1% respectively. The US Dollar […]
TACO Trade Shifts to the US Dollar
Reports that President Trump has dialled down his threats related to firing Fed Chair Powell has sparked a rally in the US Dollar, suggesting that concerns about the independence of the Fed had been weighing in the currency. Gold is down 0.9%, the Aussie is down 1.0%, the Euro, Loonie and Yen are all down […]
Markets Digest Earnings and Inflation Numbers
US markets are climbing this morning as earnings season gets underway led by a 0.6% gain for NASDAQ futures. Dow futures, European indices including the DAX, CAC, and FTSE, and commodities like Crude Oil and Copper are all quiet this morning. In currency action, Bitcoin is down 2.4%, while Gold is up 0.2%. Economic data […]
Tariff Rollout Continues; New High for Bitcoin; Earnings Season Starts
Adding to Friday’s losses, US index futures are down 0.3%-0.4% to start the week. Over the weekend, the EU and Mexico joined the Trump tariff parade as he announced 30% tariffs as set to start on August 1st. Tariffs helped the US to record a surprise budget surplus for June so there appears to be […]
Stocks Stumble as Trump Ramps Up Tariff Threats
Last night, President Trump announced plans to launch a 35% tariff against Canada starting August 1st, sending shockwaves through world markets. Trump has also been talking about a 50% tariff against Brazil bolstering recent threats against BRICS countries and their allies. With fears growing that the EU could potentially be next on his hit list, […]
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 […]
War Concerns Weigh on Investor Sentiment
Fears that the war in the Middle East could escalate further appear to be weighing on world markets this morning after President Trump left the G7 summit early and issued an online warning telling people to get out of Tehran. This morning finds US index futures down about 0.4% while in Europe the Dax is […]
Markets Digest War Developments; G7 and Fed Meet This Week
Clawing back some of Friday’s 1.1%-1.8% US index losses, US index futures are up 0.6% to 0.8% this morning. The price of Gold is down 0.5%, the price of Oil is down 1.1% and the price of Bitcoin is up 1.4%. This action suggests that some of the fear which gripped markets when the Israel-Iran […]