US Regional Bank Results Weigh on World Markets
Investor confidence showed its first significant crack in some time yesterday, as concerns about lending practices and potential loan losses emerged among US regional banks reporting results. This sent the S&P 500 down 0.6% and the small-cap Russell 2000 down 2.1%. Renewed fears over the potential impact of a slowing economy and continuing tariffs on […]
Precious Metals Reach New Heights
Precious metals and mining stocks continue to soar this morning as traders anticipate further monetary easing from central banks. Gold is up 1.3%, trading above $4.250/oz, while Silver is up 1.8%, trading close to $52.50/oz, and Platinum is up 1.3%, trading above $1,700/oz. Bank of Canada Governor Macklem and several Fed officials are scheduled to […]
Stocks Rebound as Investors Focus on Earnings
Yesterday, equities demonstrated resilience, clawing back most of their early losses, and momentum has turned positive again overnight. In Asia-Pacific trading, both the Nikkei and the Hang Seng rallied by approximately 1.8%. In Europe today, the CAC is up 2.2%, the DAX is steady, and the FTSE is down 0.4%. US index futures are up […]
Trade Tensions Crush Commodities; Earnings Season Starts
The markets have been on a roller-coaster ride over the past several days as Trump’s tweets and trade talk roil sentiment. Friday’s selloff was sparked by President Trump threatening China over rare earths and announcing a new 100% tariff on Chinese goods to take effect November 1st. Over the weekend, he appeared to back off, […]
Gaza Ceasefire and Canada Job Rebound in Focus
The Gaza ceasefire deal, which has the potential to ease tensions in the Middle East, has had mixed implications for markets today. Crude Oil is down 1.4% as supply risks in the wider region ease. Defensive havens like precious metals, however, have not been impacted at all with Gold up 0.8% and Silver up 2.4%. […]
Corporate Earnings and Deals Attract Attention
Earnings season has kicked off this morning on a positive note. Delta Air Lines ($1.71 vs Street $1.53, up 7.3% premarket) and Pepsico ($2.29 vs Street $2.26) both beat expectations. Clothier, Levi Strauss, reports after the close today. Big deals in the Technology sector also continue to attract attention. Softbank* gained over 11% in Japanese […]
Metals and Oil Keep Climbing
With a 1.5% gain, Gold has blasted through $4,000/oz and continues to advance. It’s another good day for metals overall with Silver up 2.4%, Platinum up 2.3% and Copper up 0.4%. Meanwhile, the price of Oil continues it’s post-OPEC+ meeting rebound with a 1.7% gain so far today. Oil has ignored a larger than expected […]
Metals Approach Big Numbers
Metals continue to march higher today with significant round numbers in sight. Gold is up 0.5% today and has moved within a few dollars of the $4,000/oz level. Silver is holding steady near $48.50/oz, within striking distance of the $50.00 level where it peaked in 1981 and 2011. Copper is up 1.0% today, trading back […]
Politics and Mergers Move Markets on Monday
With the US government still shut down, investor focus has turned to developments elsewhere, particularly related to politics and corporate actions. The Nikkei soared 4.75% overnight on the news that Sanae Takaichi, a known conservative, has been elected as the new leader of Japan’s ruling Liberal Democratic Party. On the other hand, the CAC is […]
Crude Oil Selloff Continues
The last trading day of the month and the quarter finds a number of markets which have staged strong performance lately backsliding a bit. US index futures are down 0.2%-0.3%, Gold is down 0.4% and Silver is down 1.4%. Some reports have suggested that this could be related to concerns over a potential US government […]