Stocks Slip Ahead of Powell Testimony
Yesterday’s equity market rally which saw major US indices gain 0.4% to 1.0% appears to have run out of steam this morning. US index futures are currently giving back some of yesterday’s gains, falling 0.2%-0.4%, while in Europe, the Dax and FTSE are essentially flat. President Trump launching 25% tariffs on Steel and Aluminum may […]
Stocks Climb Despite Looming Tariffs
Bouncing back from Friday’s US index declines of 0.9% to 1.4%, US index futures are up 0.5% to 0.7% to start the new trading week. Overseas trading finds the Dax up 0.5%, the FTSE up 0.7% and the Hang Seng up 1.8%. Crude Oil is up 1.4%, Natural Gas is up 3.5% and Copper is […]
Investors Digest PMI and Earnings Reports
US index futures are trading flat to down 0.2% as traders pause to catch their breath at the end of a busy week and position for next week’s round of mega cap earnings reports. Overseas, Hong Kong rallied 1.8% and the Dax is up 0.4%, most other major markets have been quiet. Overnight, the Bank […]
Strong Earnings Keep the Equity Rally Rolling
Between a positive response to President Trump’s first days back in office and another round of positive reports, investors around the world have continued to pile on the equity market bandwagon. NASDAQ futures are up 1.0% while Dow futures are up 0.3%. Netflix* has been the star of the show overnight, soaring 14.6% premarket after […]
US Rally Resumes as Earnings Beat Expectations
US investors are picking up where they left off on Friday, pushing stocks upward. US index futures are up 0.4%-0.6% so far this morning, building on Friday’s gains. Overseas trading has been subdued, particularly in Europe where the Dax, CAC and FTSE are all between -0.1% and +0.1%. The US Dollar is bouncing back today, […]
Canada In Focus On Inauguration Day
US markets are closed for Martin Luther King Day today and being January 20th, it’s also Inauguration Day in the USA. Coming off a strong finish to last week, which saw major US indices close up 0.8% to 1.5%, US index futures are quiet this morning trading flat to down 0.1%. European trading is also […]
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 […]