The last day of November finds equities looking to finish a strong month off on a positive note. In the last month, the S&P 500 has gained 10.5%, the NASDAQ Composite has gained 12.8%, and the S&P/TSX Composite is up
A series of positive inflation and retail sales reports from around the world overnight and into this morning has ignited another rally for world equity markets. Building on gains of 1.4%-2.3% for major US indices, US index futures are up
After trading flat for much of the morning, US index futures have jumped following the release of today’s US inflation numbers. Currently, the three main index futures contracts are up 0.8% to 1.4% with NASDAQ futures leading the way upward.
In a speech yesterday Fed Chair Powell suggested that the Fed may not have done enough yet to get inflation back to its long-term target leaving the door open to future interest rate hikes or to leaving interest rates at
US index futures have rallied following the release of today’s North American employment numbers. The three main contracts are currently up 0.3%-0.5% having traded close to flat overnight and this morning ahead of the news. European market action is mixed
With Monday’s market gains downshifting into flat to slightly lower US markets and US index futures falling 0.2% to 0.6% this morning, dominance in equity markets has shifted from bulls to bears as the week has progressed. Tensions in Israel
US consumer inflation reports were pretty much in line with expectations, and still not going down as fast as the street and central bankers had previously hoped. Headline Consumer Price Index growth (3.7% unchanged vs street 3.6%) remained stubbornly high,
The Energy sector has moved back into the spotlight with the announcement that ExxonMobil (XOM) has agreed to merge with Pioneer Natural Resources (PXD) in an all-stock deal valued at $60 Billion. ExxonMobil is down 2.5% in premarket trading which
The last trading day of the week, month and quarter finds stock markets around the world on the rebound to close out what has been a seasonally typically rough September. US Index futures are up 0.4% to 0.7%, building on
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