AI Stocks Lead a Technology Rebound as CoreWeave Jumps
It’s Remembrance Day and Veterans Day today, with banks and government offices closed. There are no major economic reports, and trading volumes may be lighter, perhaps increasing volatility in some situations. Equity markets are rebounding this morning, led by AI stocks. Data centre operator CoreWeave reported stronger-than-expected revenue of $3.66 billion versus the Street at […]
AI Rally Fades in North America as Inflation Pressures Rates
Upward momentum from Monday’s AI-driven rally continued through overseas markets overnight but has cooled in North America so far this morning. A big test of supply and demand appears to be on the way, with Anthropic announcing plans to complete its IPO next week and potentially start trading on Thursday, November 19. The indicative pricing […]
Global Selloff Continues as US Jobs Data Lift Yields and the Dollar
Yesterday’s technology selloff continued through Asia Pacific trading overnight and into Europe this morning, where disappointing retail sales data have also weighed on sentiment. US index futures are mixed, with technology shares attempting a rebound, although the durability of that recovery remains uncertain. Oil prices remain in the $90s following this week’s pullback as traders […]
Overseas Rally Continues as Technology Earnings Weigh on NASDAQ
Overseas equity markets are broadly extending the post-US election rally, while US index futures are mixed. Technology stocks are under pressure following a disappointing market reaction to several earnings reports. Energy prices are attempting to rebound, but remain well below pre-election levels following yesterday’s sharp declines. The Bank of England raised its benchmark interest rate […]
Equities Advance as Investors Assess Prospects for Gridlock
Equity traders appear to be embracing the prospect of political gridlock following what appears to be a decisive Democratic midterm election win. Latest projections suggest majorities of approximately 55-45 in the Senate and 250-185 in the House, alongside governorship gains in states including Texas and Ohio. Sentiment turned positive overnight as the scale of the […]
Markets Mixed as US Midterm Election Day Arrives
US midterm election day has arrived, and markets are mixed. NASDAQ futures are bouncing back from Monday’s loss, while Dow futures are giving back some of Monday’s gain. Investors also continue to digest yesterday’s mixed Manufacturing PMI reports for North America and disappointing US construction spending data. Crude Oil is rebounding following a US attack […]
Technology Stocks Retreat Despite Earnings Beats as Energy Prices Climb
AI-related stocks have resumed their retreat overseas and in the United States this morning. Overnight earnings have generally exceeded expectations, but market reactions remain mixed, with Industrials and Consumer Products companies receiving a more positive response than Technology companies. Energy prices are rising amid concerns that Middle East hostilities could escalate following upcoming elections in […]
Tech Rebounds as European Markets Face Pressure
European equity markets and the Euro are under pressure to start the new trading week as France and other countries assess the aftermath of a weekend of violent protests. Meanwhile, AI stocks are bouncing back as traders go bargain hunting ahead of a shift in earnings season’s focus from Big Banks to Big Tech. NASDAQ […]
Markets Pause as AI Stocks Stabilise and Earnings Draw Mixed Reactions
With AI-related stocks stabilising, US markets appear to be digesting recent swings as the weekend approaches. Energy prices remain elevated as wars in the Middle East continue, while investor reactions to overnight earnings have been mixed. NASDAQ futures are down 0.1%, and Dow futures are steady. Alcoa ($1.82 vs Street $1.51) and Travelers ($9.18 vs […]
Technology Stocks Slide as US Inflation Pressures Accelerate
Technology stocks have remained under pressure overnight and into this morning, particularly in Asia Pacific and NASDAQ trading. While earnings reports continue to roll out, mainly from US regional banks, today’s focus has shifted to economic data. Stronger-than-expected retail sales point to consumer resilience, but a sharp rise in producer prices signals mounting inflation pressures. […]