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The new trading week finds stocks in reverse, with US index futures down 0.5%-1.1%, giving back Friday’s US market gains of 0.0%-1.0%. In overseas action, the Hang Seng fell 2.75%, the Dax is down 0.5% and the FTSE is flat.
Although yesterday morning’s explosive post-CPI rally fizzled out, US indices did manage to finish the day in the green with gains of 0.3%-1.0%. This morning, global markets are quiet as traders await today’s announcement from the Fed on US interest
With the US Federal Reserve Board (yesterday afternoon) and the Bank of England (this morning) both raising their benchmark interest rates by 0.75% as expected, continuing the general trend toward monetary tightening, stock markets and commodities around the world have
North American stock markets have returned to trading this morning with traders in more of an upbeat mood. The three main US index futures contracts are up 0.4% to 0.5%, clawing back some of Friday’s losses of 1.0% to 1.3%
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
US index futures are up to start the new month with gains this morning of 0.1% to 0.3%. These appear moderate, however, which compared with Tuesday’s declines of 0.4% to 0.6% for US indices. Overseas trading has been mixed with
Yesterday’s late afternoon rebound in the US that propelled the NASDAQ and the S&P 500 to relief rally gains of 3.75% and 2.25% respectively continued overnight in Asia Pacific trading where the Hang Seng soared 7.4% and the Nikkei climbed
For a second straight day, US markets tried to bounce back from morning losses on Tuesday afternoon but were unable to make it back to the green with NASDAQ finishing down 2.3% and the S&P losing 1.2%. Today, bulls and
Another winter weekend has come and gone, and stock markets have picked up where they left off Friday in full broad retreat. In early US trading, Dow futures are down 0.4% while NASDAQ futures are down nearly 0.9%, adding to
Building on yesterday’s rebound which saw a burst of short covering and bargain hunting after the big Fed decision unshackled investors, US index futures are all up about 0.6% this morning, adding to yesterday’s US index gains of 1-2%. Overseas
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