Stocks Consolidate This Week’s Gains
Coming off two days of big developments, including the first US interest rate cut of 2025 and Nvidia’s investment in Intel, stocks have paused for investors to digest the news. US and Chinese leaders are meeting today to finalize their deal on TikTok. US index futures are trading flat to up 0.2% coming off gains […]
Semiconductor Stocks Soar on Intel Deal
Early this morning news came out that Nvidia is going to invest $5 billion into Intel, and that the two companies plan to develop semiconductors for PC and data center applications together. Coming on the heels of the US government recently taking a 10% stake, Intel shares are up 28.7% in premarket trading today, while […]
US Dollar Slides as Traders Await Tomorrow’s Interest Rate Decisions
The US Dollar continues to retreat this morning with the Fed expected to cut its Fed Funds interest rate when its meeting concludes tomorrow afternoon. The Euro, Yen, Pound, and Gold are all up 0.2% to 0.3%, with the yellow metal reaching another new all-time high. The US 10-year treasury note yield is steady just […]
Steady Markets Await This Week’s Central Bank Meetings
Equities, bonds and commodities are all relatively quiet to start the week. US index futures are up 0.1%-0.3%. In Europe, the FTSE is flat, and the DAX is up 0.5%. Crude Oil and Copper are both up 0.3%. Gold is down 0.2%. The Loonie is up 0.1%, the Euro is up 0.2%. Signs of slowing […]
Signs of Stagflation Weigh on Stocks and the US Dollar
The SIA Wealth Morning Minutes will not be issued tomorrow. They should return on Monday September 14th. More signs of Stagflation emerged this morning. US consumer prices increased last month in line with expectations (2.9% vs street 2.9% and previous 2.7%). Perhaps more importantly, we received another troubling employment number as weekly US initial jobless […]
Traders Respond to Earnings and Inflation Numbers
US index futures are mixed this morning but have picked up in the last few minutes. NASDAQ futures are up 0.4% while Dow futures are down 0.1%. Over in Europe, the DAX is flat, and the FTSE is up 0.2%. Asia Pacific trading saw the Hang Seng gain 1.0% and the Nikkei rise 0.9%. In […]
Energy Markets Rally With Overseas Politics in Focus
After finishing flat to slightly lower on Friday, US markets are trading flat to slightly higher this morning, led by a 0.3% gain in NASDAQ futures. Investors continue to weigh the implications of last week’s disappointing U.S. employment numbers, balancing the potential for interest rate cuts against the risks a slowing economy poses to corporate […]
Dismal Employment Numbers Increase Rate Cut Pressures
Employment numbers from both sides of the border were rough this morning, increasing pressure on both the Fed and the Bank of Canada to resume cutting interest rates. While the US managed to eke out less than expected job growth (22K vs Street 75K), Canada saw steep and accelerating job losses for a second month […]
Commodities Retreat as Traders Digest Disappointing Job Data
US index futures have started to tumble in the wake of disappointing data out of the US but currently remain flat to slightly in the green, with NASDAQ futures up 0.2%. Overseas markets have been stronger with the DAX up 0.8%, the FTSE up 0.3%, and the Nikkei up 1.5%. China stocks struggled, however, with […]
New High for Gold, Oil Drops Back
Alphabet is up 5.8% premarket after learning that in an antitrust case, it will not be forced to divest either its Android operating system or its Google Chrome browser. Meanwhile, retailer Macy’s is up 12.4% premarket after crushing Street estimates on EPS ($0.41 vs Street $0.19). This news has helped NASDAQ futures to climb 0.7%, […]