After sliding Wednesday and stabilizing Thursday, US markets have started to bounce back in early morning trading on Friday. With investors shifting their focus back to earnings reports and generally responding positively to them, index futures were trading flat to
Concerns that a potentially overheating economy could force central banks to tighten monetary policy more aggressively that were sparked by stronger than expected US ADP Payrolls, Service PMI and Auto Sales on Thursday, have eased off a bit this morning
Building on yesterday’s US index gains of 0.50%-1.25%, US index futures are up another 0.4%-0.6% this morning. Last night the US Senate passed the debt ceiling deal, ending that crisis and averting a US government debt default. Overseas markets are
Adding to yesterday’s US index losses of 0.5% to 0.8%, US index futures are trading down 0.2%-0.4% this morning, while major European indices are down 0.8%-1.0%. Crude oil has stabilized, while metals are climbing with Gold and Copper both up
Please note the SIA Wealth Morning Minutes will not be issued on Monday March 13th, it should return on Tuesday March 14th. US index futures are mixed as investors struggle with the implications of today’s North American employment numbers. Dow
Today’s US employment numbers were very strong. US nonfarm payrolls were far above analyst expectations (517K vs street 185K) and just as importantly, last month’s number was revised upward (260K from previous 223K). Average hourly earnings (4.3% vs street 4.9%
US index futures have been climbing following the release of today’s North American employment reports with gains of 0.6% to 0.7%. The reports turned out to be significantly better than expected. Most importantly, both US average hourly earnings (4.6% vs
Please note that the Morning Minutes will not be issued on Monday, they should return on Tuesday December 6. Stocks and commodities have turned sharply downward in the last few minutes following the release of the monthly Nonfarm Payrolls report
Bouncing back from yesterday’s US index declines of 0.5% to 1.75%, US index futures are up 0.2%-0.5%. Investors have responded favorably to better than expected US nonfarm payrolls (261K vs street 200K, last month revised up to 315K from 263K)
Market activity, which had been quiet overnight, has sprung to life following the release of North American employment and wage numbers this morning. US nonfarm payrolls (263K vs street 250K vs previous 315K) and Canada employment (2.1.1K street +20K