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 […]
Trade Uncertainty Continues to Overhang Stocks
SIA Wealth Morning Minutes will not be issued the weeks of June 2nd or June 9th. They should return on Monday, June 16th. The last trading day of May finds US index futures clawing back earlier losses. Following the release of benign Core PCE inflation data (2.5% as expected vs previous 2.7%) US index futures are […]
Market Rally Pauses As Investors Digest and Await Earnings Reports
Stocks have paused their advance overnight to consolidate yesterday’s big gains. US index futures are currently flat to up 0.2%, coming off a day of 1.8% to 2.5% gains. In Europe this morning, the major indices are flat to down 0.2% and Asia Pacific indices were flat to down 0.5%, the Hang Seng taking the […]
US Stocks Surge as Trading Resumes
US investors appear to be returning from the Memorial Day long weekend ready to celebrate the weekend news that President Trump has delayed the imposition of 50% tariffs on EU countries to July 9 from June 1 to allow time for more talks. On this news US index futures are up 1.2%-1.5%, erasing all of […]
US Political Woes Weigh on Wall Street
For much of this year, market movements have been driven by international political developments, particularly trade and tariff tensions between the US and other major economies. This week, however, the focus has shifted to domestic politics, as attention turns to the White House’s tax and spending bill currently moving through Congress. Concerns that the bill […]
Investor Confidence Continues to Improve
Business-related news has been quiet overnight. President Trump is returning from his trip to the Middle East, and trade talks appear to be progressing on several fronts. In the absence of negative developments and amid an encouraging tone overall, equity markets continue to rise. Heading toward the weekend, US index futures are up 0.3% across […]
Stocks Backslide Amid Mixed Earnings and Economic Numbers
Thursday morning finds stock markets around the world slipping as their recent rally fades. US index futures are down 0.4% to 0.7%, while in Europe, the DAX is down 0.1% and the FTSE is up 0.2%. Overnight, the Hang Seng lost 0.8% and the Nikkei fell 1.0%. The US 10-year Treasury yield is steady near […]