US Dollar Soars on Fed Hawkish Hold

World markets have been rocked by the results of yesterday’s Fed meeting. The US central bank held its benchmark Fed Funds rate at 5.50% as had been widely anticipated. Forecasts of interest rates for 2024 and beyond were more hawkish

Energy Prices Climb as Equity Investors Await Fed Direction

Intraday swings amounted to nothing for major US indices which finished Monday pretty much flat. Investors have continued to sit on their hands this morning with US index futures marginally positive, while in Europe, the FTSE is also flat while

Stocks Stabilize as Investors Await Wednesday’s Fed Announcements

In the wake of Friday’ selloff which saw US indices fall 0.8%-1.6%, US index futures are trading down 0.1%-0.3% this morning. Over in Europe, the Dax is down 0.8% and the FTSE is down 0.4%. Brent and WTI Crude Oil

Intel Earnings Spark NASDAQ Bounce

Clawing back some of yesterday’s 0.6% declines for major US indices, US index futures are up 0.3% to 0.9% with the NASDAQ leading the rebound. European trading finds both the Dax and the FTSE holding steady today. Energy and metals

Meta Earnings Beat Drives NASDAQ Rally; US GDP Comes In Strong

Coming off of a mixed Wednesday that saw the Dow post a 13th straight winning day, the S&P 500 finish flat and the NASDAQ finish down marginally, equity markets are rallying this morning. NASDAQ futures are up 1.3%, while S&P

Fed Decision Day and Canada Earnings Start Soft

US equity markets finished Tuesday with gains of up to 0.6% yesterday including a 12th straight win for the Dow Jones Industrial Average. Today, however, investors appear to be pausing to wait and see what the Fed does/signals about interest

Global Economy Slows as a Big News Week Kicks Off

Flash Manufacturing and Flash Service PMI reports for July from Australia, Japan, Germany, the UK and other European countries have been rolling out overnight and the results have been underwhelming. Overall, the majority of numbers have come in below expectations,

Markets Digest Mixed Monetary and Economic News

US index futures are down 0.2% to 0.7% this morning, while over in Europe, the FTSE is flat and the Dax is down 0.7%. US Treasury Yields are on the rise sparking a rally in the US Dollar and selloffs

Mixed Markets Await Central Bank Decisions and Economic Data

Investors in equity and commodity markets have responded quite differently to a quiet weekend and morning for business news. Equity markets are up this morning with US index futures rising 0.1% to 0.4%, while over in Europe, the Dax is

Stocks Sink Amid Central Bank Decisions, Banking Woes and Earnings Reports<...

Adding to yesterday’s US index losses of 0.5% to 0.8%, US index futures are trading down 0.2%-0.4% this morning, while major European indices are down 0.8%-1.0%. Crude oil has stabilized, while metals are climbing with Gold and Copper both up