Hotter US Inflation Lifts Yields and the Dollar
Hotter-than-expected US consumer prices are putting pressure on bonds this morning, driving Treasury yields and the US Dollar higher. Equity markets are mixed, with NASDAQ futures steady and Dow futures up 0.3%. Meanwhile, Crude Oil continues to climb as conflict in the Middle East persists. US consumer price inflation accelerated to 3.7%, above the Street’s […]
Bank Earnings Lift Financials as Treasury Yields Ease
Corporate earnings are taking centre stage this morning, with Financials climbing as investors welcome a largely positive first round of big bank results. Overnight weakness in Technology weighed on Asian trading, although US index futures are pointing higher, with NASDAQ futures down 0.7% and Dow futures gaining 0.8%. Energy prices are easing and Metals are […]
Loonie Slides on Job Losses as Technology Stocks Stabilize
The Loonie is under pressure this morning after Canada’s September employment report showed unexpectedly steep job losses. Meanwhile, US index futures are rebounding as yesterday’s Technology selloff appears to have subsided. Energy prices are easing following White House comments suggesting it does not intend to attack Iran before next month’s US midterm elections. Investors are […]
Stocks Retreat as Iran Strike Reports Lift Energy Prices
Equity market declines have accelerated overnight on reports that the US is preparing to launch a new round of military strikes against Iran, while Energy prices are climbing sharply. Earnings season, meanwhile, is off to a positive start, with PepsiCo beating Street expectations. Bonds and Currencies are quiet so far. NASDAQ futures are down 0.6%, […]
Equities Extend Gains as Energy Prices Retreat
Equity markets continue to climb this morning, building on Monday’s gains as falling Energy prices provide a supportive backdrop. Saudi Arabia is taking steps to bring Energy prices down, while the US is freeing up additional Diesel supply. The US Dollar is easing as Treasury yields stabilize. NASDAQ and Dow futures are both up 0.6%. […]
Global Stocks Advance as US Futures Pause and Treasury Yields Climb
The new trading week is off to a positive start overseas and a mixed start in the US. Energy markets are mixed, while Treasury yields are rising again. With a quieter schedule of business news this week, investors appear to be marking time ahead of earnings season, which begins in a couple of weeks. Overseas […]
Stocks and Bonds Rally as Energy Prices Fall and US Job Growth Disappoints
US stocks and bonds are rallying this morning, fuelled by falling Energy prices and a weaker-than-expected US employment report. Speculation that Europe may soon release Oil and Diesel stockpiles is weighing on Energy markets, while disappointing job growth is adding to expectations of easing pressure on central banks to raise interest rates. Treasury yields and […]
October Opens with Mixed Markets as Oil and Treasury Yields Climb
October opens with global stock markets mixed as investors prepare for further waves of economic reports today and tomorrow. Improved quarterly business survey results gave Japanese equities a boost overnight, while European markets have struggled despite stronger Manufacturing PMI readings. Crude Oil prices are climbing again, with Brent Crude regaining $100.00/bbl, alongside a continued rise […]
Stocks Rally as US Growth Strengthens and Inflation Comes in Below Expectations
US equities have rallied following a quiet start to the morning as investors digest stronger economic growth, accelerating private sector hiring and softer-than-expected core inflation. NASDAQ and Dow futures are both up 0.3%. Positive economic reports out of China have also added to the improving backdrop, while Treasury yields and the US Dollar are giving […]
Stocks Stabilize After Monday’s Selloff
Monday’s North American selloff carried into Asia Pacific trading, where stocks declined as the Reserve Bank of Australia raised its overnight rate by 0.25 percentage points to 4.60%, as widely expected. By morning in Europe and North America, stocks were starting to stabilize. Commodity trading is mixed, with Crude Oil falling and Gold rising, while […]