Yesterday’s flat to neutral finish for US indices that saw the Dow fall 0.4% and the NASDAQ eke out a tiny 2-point gain, doesn’t really tell the story of just how much intraday volatility there was surrounding yesterday’s monetary policy
Building on yesterday’s rebound which saw a burst of short covering and bargain hunting after the big Fed decision unshackled investors, US index futures are all up about 0.6% this morning, adding to yesterday’s US index gains of 1-2%. Overseas
The last full business week ahead of the two-week holiday season is looking to be a busy one with six of the largest central banks holding meetings, announcing monetary policy strategies and providing economic updates. The Bank of Canada kicks
Today at 2:00 pm the Fed releases its latest monetary policy decision and statement. Investors are looking for some clarity on whether the US central bank is planning to start tapering back asset purchases this year (like central banks in
Although yesterday’s morning rebound faded into a mixed close for US markets yesterday that saw the Dow lows 0.2% and the NASDAQ gain 0.2%, US index futures are trying to regain their footing again this morning with gains of 0.3%-0.5%.
Having quickly adapted to growing financial risks at China’s Evergrande, the selling pressure which enveloped world markets has eased somewhat as investors wait for the next shoes to drop. Tonight, the Peoples Bank of China and the Bank of Japan
Weekend business news has been dominated by financial problems at Evergrande, one of China’s largest real estate companies, who is struggling with over $300 billion in debt and appears close to missing an interest payment. Fears that this could potentially
US index futures are once again pointing toward a moderately positive open for the North American trading day with gains of 0.2% to 0.4%. Meanwhile, European indices are essentially steady trading between -0.2% and +0.2%. Commodities are also mixed today