Inflation Meets Expectations as Energy and Metals Continue to Climb
With US inflation arriving as expected, markets have been somewhat choppy this morning, although index futures continue to point towards a positive open. Energy and metals contracts are also extending their steady climb. US consumer prices increased 3.4%, matching expectations and easing from the previous reading of 3.5%. The report indicated that inflation pressures remain […]
Markets Search for Direction Ahead of US Inflation Data
Markets are searching for direction this morning, with no major economic news, significant new developments in the Middle East, or market-moving earnings reports to provide a clear catalyst. The Reserve Bank of Australia offered one of the few notable policy developments, maintaining its benchmark interest rate at 4.35%. With the decision leaving Australian monetary policy […]
Stocks Rebound as Amazon Surges and Apple Slides
Stocks are rebounding for a second straight day as July draws to a close. Signs of slowing in China’s economy have had little impact on sentiment, while stronger-than-expected Canadian GDP growth has provided a positive domestic signal. China’s Manufacturing PMI (49.2 vs Street 50.0) and Non-Manufacturing PMI (49.0 vs Street 50.0) both declined from last […]
Markets Rebound as Inflation Cools and China Supports Risk Appetite
North American markets look set for a firmer start to the session as investors look beyond mixed overnight trading and focus on improving risk sentiment, with NASDAQ futures leading gains ahead of the open. Technology shares are once again providing leadership as markets continue to navigate a backdrop of moderating inflation, resilient economic data, and […]
Global Market Retreat Resumes
Markets around the world have been sliding overnight. The main event has been a big selloff in cryptocurrencies where Bitcoin has broken down below $70,000 as both it and Ether have lost over 5.0% so far today. Precious metals are also under pressure with Gold down 2.0% and Silver down 10.0%. The Pound has also […]
Precious Metals Rebound as Focus Turns to Energy, Economics, and Earnings
February and Groundhog Day arrive with investors in a mixed mood. The US Dollar rally that unsettled markets on Friday appears to have paused, allowing Gold, up 1.5%, and Silver, up 5.1%, to claw back some of their recent losses. Copper continues to slide, down 1.9% today. The price of Oil is under pressure, down […]
Stocks Rebound, Metals Slide as Greenland Fears Ease
Markets appeared to breathe a sigh of relief yesterday after the US and NATO agreed on a framework to discuss Greenland. This development appeared to diffuse tensions enough for the US to agree to drop the tariff increases against eight EU countries that had been planned for February 1st. Building on yesterday’s bullish reversal, where […]
Supreme Court Tariff Decision Looms as Bank Earnings Continue
The US Supreme Court is expected to release decisions on a number of cases around 10:00 am EST today. One of these may address the legality of President Trump’s tariff programme. Whether the court rules yes or no, or does not issue a decision at all, could have a significant impact on trading today across […]
US Markets Slip as DOJ Investigation Raises Fed Independence Concerns
Over the weekend, the US Department of Justice launched a criminal investigation into Fed Chair Powell related to renovation expenses at the Fed’s headquarters. Investors appear to be interpreting this as a move by the White House that could reduce the independence of the US central bank, weighing on confidence in the country. President Trump […]
Oil & Gas in Focus as Markets Reopen
Markets reopen this morning with investors digesting weekend US military action in Venezuela and the removal of former President Maduro, as attention begins to shift toward positioning for 2026. Political instability is lifting precious metals to start the week. Gold is climbing 2.1% and Silver is rallying 5.5%, with strength extending into broader commodities as […]