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 […]
Focus of Volatility Shifts to the US Dollar, Earnings Season Starts
The extreme volatility that has shaken equity markets since the start of this month appears to be subsiding for the moment. Overseas trading overnight has been mixed with the Nikkei down 3.0%, the Hang Seng up 1.1%, the Dax down 1.3% and the FTSE up 0.5%. In trade war news, China increased its retaliatory tariffs […]
Stock Rally Fades as Investors Await Friday’s Earnings Season Start
Yesterday’s decision by President Trump to postpone reciprocal tariffs on countries who agree to not fight back and come to the bargaining table continues to send shockwaves through world markets. Following on from one of the strongest single days in US history where the S&P 500 gained 9.5% and the NASDAQ soared 12.1%, the Nikkei […]
The US Versus The World
The new trading week has started with Asia Pacific markets catching up to last Friday’s panic selloff. Hong Kong plunged 13.2%, Shanghai fell 7.3%, and Tokyo lost 7.8%. European markets, which partly participated on Friday are seeing less extreme losses with Frankfurt down 4.2% and London down 3.8%. All eyes are now on the US […]
Trump Tariffs Crush World Markets
Although President Trump has been threatening to increase tariffs for months and has been talking about yesterday’s “Liberation Day” round of new tariffs for weeks, which included a 10% baseline tariff plus reciprocal tariffs against pretty much everyone except for Canada and Mexico, some people still appear to have been caught off guard. Stocks and […]
Shaky Start to a Big Week for World Markets
The first day of the new trading week, which is also the last trading day of the month and the quarter, finds stock markets around the world under heavy selling pressure. Overnight, the Nikkei plunged 4.0%, while the Hang Seng fell 1.3%. European trading finds the Dax and CAC both down 2.0%, with the FTSE […]