Stock Selloff and Energy Rally Continue
Equity investors and cryptocurrency traders continue to react negatively to last week’s stronger than expected US Nonfarm Payrolls report. Signs of strength in the US economy have added to speculation that there could be significantly fewer interest rate cuts in the US this year dampening the easy money speculation that had underpinned 2024 gains in […]
Mixed Markets Await Friday Payrolls
US stock exchanges are closed today for President Carter’s funeral. Index futures are open for a few more minutes until closing and so far they are trading flat to down 0.25% after finishing yesterday flat to up 0.25%. In Europe today, the Dax is flat and the FTSE is up 0.7%. With the US 10-year […]
Stocks Rally, US Dollar Retreats As Investors Return to Work
Traders have returned from the holidays in a positive mood. US Index futures are up 0.4% to 1.0% with NASDAQ futures leading the way higher. In Europe today, the Dax is up 1.2%, the CAC is up 2.0%, but the FTSE is flat. Asia Pacific trading saw Japan lose 1.5% and India lose 1.6%, while […]
Mixed Holiday Week Trading Continues
US index futures are up 0.3%-0.4%, bouncing back from yesterday’s US index declines of 0.2%-0.4%. In Europe today, the FTSE is flat and the Dax is down 0.2% in the last day of quieter holiday season trading. Natural gas continues to give back gains made earlier this week, sliding 4.8% so far this morning. Crude […]
Earnings Beats Boost US Stocks
Bouncing back from US index declines of 0.5% to 0.7% yesterday, US index futures are up 0.1% to 0.9% this morning. European markets are quiet with the Dax, CAC and FTSE all holding steady. Asia Pacific markets fell to end the week with the Hang Seng dropping 2.1% and the Nikkei sliding 1.0%. The US […]
China in the Spotlight for Positive and Negative Interventions
Generally speaking markets really hate it when governments get too involved in the economy or investing whether it be tariffs, sanctions, capital gains or dividend taxes, antitrust actions or other things. Nvidia is down 2.2% in premarket trading, dragging NASDAQ futures down 0.2% after China announced over the weekend that it has started an investigation […]
Global Markets Bounce Back in US Holiday Trading
Although US markets declined heading into the Thanksgiving/Black Friday holiday weekend with declines of 0.3% to 0.6% yesterday, stock markets around the world have been bouncing back this morning. In Europe, the Dax is up 0.7% as German consumer prices showed inflation pressures continue ease, and the FTSE is up 0.1%. Canadian TSX index futures […]