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 […]
US Attempts a New Year’s Rally
North American traders appear to have returned from the New Year’s holiday in an optimistic mood. US index futures are up 0.7% to 1.0%, quickly erasing Tuesday’s US index losses of 0.1% to 0.9%. Cryptocurrencies are also rallying with Bitcoin up 2.3% and Ether up 3.4%. Commodities are also climbing so far with Crude Oil […]
Stocks Stabilize on the Last Trading Day of 2024
US stocks are stabilizing this morning with index futures up 0.1%-0.3% as they try to claw back some of yesterday’s US index losses of 1.0%-1.2%. Over in Europe, trading is mixed with the Dax down 0.4% and the FTSE up 0.6%. The weakness of the last few days appears to be related to a combination […]
Stocks Slip as Treasury Yields Climb
Equity markets in the US were unable to build on Tuesday’s positive momentum, but major indices were able to shrug off early losses to finish the day essentially flat. Today US index futures are down 0.3%-0.4% as investors continue to grapple with the headwind of rising Treasury yields. In Europe today, the FTSE is flat […]
Global Markets Rebound as FOMC Decision Looms
Shrugging off yesterday’s US index losses of 0.3%-0.6%, US index futures are up 0.2%-0.4% this morning. Over in Europe, the FTSE is up 0.1% and the Dax is up 0.2%. Chinese markets are also bouncing back with Hong Kong rising 0.8% and Shanghai gaining 0.6%. Commodities are also picking up today with US Crude Oil […]
Stocks Backtrack Despite Strong Retail Sales
US trading is subdued this morning with index futures trading down 0.3%-0.5%. Even red-hot Broadcom, which soared another 11% yesterday, appears to be slowing down, dipping 0.5% in premarket trading. Over in Europe, the Dax is down 0.2%. The FTSE is down 0.8% on signs of stagflation as employment growth slowed and wage inflation accelerated. […]
Earnings Beats Boost US Stocks
Bouncing back from US index declines of 0.5% to 0.7% yesterday, US index futures are up 0.1% to 0.9% this morning. European markets are quiet with the Dax, CAC and FTSE all holding steady. Asia Pacific markets fell to end the week with the Hang Seng dropping 2.1% and the Nikkei sliding 1.0%. The US […]
China in the Spotlight for Positive and Negative Interventions
Generally speaking markets really hate it when governments get too involved in the economy or investing whether it be tariffs, sanctions, capital gains or dividend taxes, antitrust actions or other things. Nvidia is down 2.2% in premarket trading, dragging NASDAQ futures down 0.2% after China announced over the weekend that it has started an investigation […]
Positive Earnings Propel Stocks Upward; ADP Payrolls Disappoint
US index futures are up 0.3% to 0.6% this morning but have been backsliding a bit as the morning has progressed. European action is mixed with the FTSE down 0.3% and the Dax up 0.6%. Commodities are mixed with Copper down 0.6% and US Crude Oil up 0.1%. Gold is down 0.3%, while Bitcoin is […]
Positive PMI and Disappointing Bank Earnings
Coming off of Monday’s mixed finish which saw the S&P 500 close at a new all-time high, the NASDAQ gain 1.0% and the Dow Industrials lose 0.3%, US index futures are pretty much flat this morning. European bourses are in the green today with the FTSE up 0.9% and the Dax up 0.2%. Currency trading […]