Smaller Australian Rate Hike Sends Stocks Soaring

Building on Monday’s relief rally in North America that saw the three main US indices plus the S&P/TSX jump 2.2%-2.4%, overseas markets have been soaring overnight. Asia Pacific trading saw Sydney soar 3.75% and Tokyo climb 3.0%. European trading finds

Global Markets Bounce Into the Weekend

The stock market rebound which started on Wednesday has continued to accelerate overnight. In Asia Pacific trading, the Hang Seng soared 2.7%, while in Europe this morning, both the Dax and the FTSE are up 1.4%. US premarket trading finds

Stocks Pause as ECB Raises Interest Rates

Yesterday’s US market rally, which saw major indices snap multi-day losing streaks with gains of 1.4% to 2.1%, which appears to have been a trading bounce, easing oversold conditions as there has been limited follow-through overnight and into this morning.

Big Powell Speech on Monetary Policy Preview

Today has the potential to bring a showdown between two long-standing market memes; “Don’t fight the tape”, and “Don’t fight The Fed”. Historically these have been complementary or even interchangeable. For the last month, however, they have been in opposition

Stock Slide Continues as Investors Weigh Diverging Interest Rate Trends

Continuing on from the weak finish to last week, stock markets around the world are under pressure once again as the new trading week begins. Fears that the Fed could confirm its hawkishness at this week’s Jackson Hole Symposium has

European Rate Hike, Energy Selloff, Mixed Earnings Reports Move Markets

US index futures are essentially flat today with all three main contracts trading between -0.1% and +0.1%. European indices are also soft today with the Dax down 0.4% and the FTSE falling 0.2%. Italy is down 0.9% today as investors

High Inflation, Poor Earnings and Yellen Comments Crush Stocks and Oil

The first day of US earnings season finds index futures getting hammered 1.1% to 1.6%, accelerating yesterday’s US index losses of 0.2%-0.6%. European markets are also selling off today with the Dax down 1.3% and the FTSE down 1.0%. The

Bank of Canada
Consumer Prices and Central Banks In the Spotlight Today

US index futures had been trying to mount a comeback this morning, but the bottom has fallen out and gains have quickly turned into losses following the release of a red-hot US consumer price inflation report. US inflation continued to

Surprise Rate Hikes Knock Down Stocks, Webinar Today

Late yesterday afternoon, it appears that some investors tried to put a positive spin on yesterday’s larger than expected Fed rate hike (0.75% vs street 0.50% to 1.75%), perhaps on the notion that the faster the Fed raises rates, the

Stocks Rebound as the Fed and ECB Hold Meetings; Webinar Tomorrow

Fed decision day is finally here. A 0.5% hike remains the consensus expectation among investors but investors may look to the statement for hints on whether tightening could accelerate. The 10-year US treasury note yield has dropped back toward 3.35%

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