Stocks Slide Amid Central Bank Decisions
US exchanges are closed for the Juneteenth holiday, but that has not stopped traders from reacting to political and monetary developments. Overseas markets are down in overnight trading with Hang Seng losing 2.0%, the Nikkei sliding 1.0%, the DAX dropping 0.6%, and the FTSE falling 0.4%. US index futures are down 0.4%-0.6% ahead of closing […]
US Political Woes Weigh on Wall Street
For much of this year, market movements have been driven by international political developments, particularly trade and tariff tensions between the US and other major economies. This week, however, the focus has shifted to domestic politics, as attention turns to the White House’s tax and spending bill currently moving through Congress. Concerns that the bill […]
Investor Confidence Continues to Improve
Business-related news has been quiet overnight. President Trump is returning from his trip to the Middle East, and trade talks appear to be progressing on several fronts. In the absence of negative developments and amid an encouraging tone overall, equity markets continue to rise. Heading toward the weekend, US index futures are up 0.3% across […]
Stocks Backslide Amid Mixed Earnings and Economic Numbers
Thursday morning finds stock markets around the world slipping as their recent rally fades. US index futures are down 0.4% to 0.7%, while in Europe, the DAX is down 0.1% and the FTSE is up 0.2%. Overnight, the Hang Seng lost 0.8% and the Nikkei fell 1.0%. The US 10-year Treasury yield is steady near […]
Stocks Pause to Digest Inflation Data
Coming off a massive trade truce relief rally that saw US indices gain 2.8%-4.4% led by the NASDAQ, US index futures are mixed this morning trading between a 0.3% loss for Dow Futures and a 0.3% gain for NASDAQ futures. European bourses are up slightly across the board with the DAX, CAC and FTSE all […]
US Dollar Rebounds as Talks Continue
Amid ongoing talks between the US and Russia aiming to end the Ukraine War, and conflicting stories about whether the US and China are talking tariffs or not, the US Dollar is bouncing back this morning. Gold is down 1.3%, the Yen is down 0.5%, the Euro is down 0.3%, and the Loonie is down […]
Another Rally Fades as China Stands Its Ground
The relief rally of the last two days appears to be winding down once again as hopes for a quick end to the tariff war were dashed once again. Chinese officials indicated overnight that they are not in any talks with the United States and that if the US wants to move forward, they should […]
New High For Gold; Stocks Slide as Focus Turns to Earnings Reports
US index futures have resumed their retreat this morning, with the three main contracts trading down 0.9% to 1.4%. Overseas trading action has been mixed with the Dax down 0.5%, the CAC down 0.6%, the FTSE flat, the Nikkei down 1.3%, and the Hang Seng up 1.6%. Earnings season ramps up this week and recent […]
Stock Rally Fades as Focus Returns to Earnings
The US stock market rebound which started last week continues to show signs of slowing. Coming off of a positive Monday, this morning US index futures are down 0.3% to 0.4%. In Europe today, the Dax is up 0.5% and the FTSE is up 0.7%. Commodity action finds Copper down 1.4% and Crude Oil down […]
Easing Technology Tariffs Sends Stocks Soaring
A shortened trading week has kicked off with stock markets around the world rallying in hope that the tariff war may ease. Over the weekend, the White House announced that it is removing technology (smartphones, computers, semiconductors, memory devices and more) from the reciprocal tariff program, as it prepares a separate technology tariff program to […]