US Stocks Pause as Traders Digest Earnings and Await Powell Speech
With a 0.14% gain yesterday, the S&P 500 managed to eke out another record high close Monday, but Tuesday finds US index futures hitting pause and trading flat to down 0.1%. Traders appear to be waiting to see if there will be any hints in Fed Chair Powell’s speech this morning as to whether the […]
ADP Payrolls Reaction and Bank of Canada Preview
It’s a big day for economic news. US ADP private sector payrolls came in below expectations (152K vs street 173K) but so far this has had little impact on US index futures which are up 0.2% to 0.5% this morning, building on yesterday’s US market gains. European markets have been strong today with London up […]