Stocks Consolidate This Week’s Gains
Coming off two days of big developments, including the first US interest rate cut of 2025 and Nvidia’s investment in Intel, stocks have paused for investors to digest the news. US and Chinese leaders are meeting today to finalize their deal on TikTok. US index futures are trading flat to up 0.2% coming off gains […]
Buckle Up, it’s Central Bank Decision and Forecast Day!
Steady markets are awaiting today’s monetary policy decisions from North America’s two main central banks. Both the Fed (2:00 pm EDT decision) and the Bank of Canada (9:45 am EDT) are expected to lower their benchmark interest rates by 0.25% to 4.25% and 2.50% respectively. With employment weakening on both sides of the border investors […]
Energy Markets Rally With Overseas Politics in Focus
After finishing flat to slightly lower on Friday, US markets are trading flat to slightly higher this morning, led by a 0.3% gain in NASDAQ futures. Investors continue to weigh the implications of last week’s disappointing U.S. employment numbers, balancing the potential for interest rate cuts against the risks a slowing economy poses to corporate […]
Commodities Retreat as Traders Digest Disappointing Job Data
US index futures have started to tumble in the wake of disappointing data out of the US but currently remain flat to slightly in the green, with NASDAQ futures up 0.2%. Overseas markets have been stronger with the DAX up 0.8%, the FTSE up 0.3%, and the Nikkei up 1.5%. China stocks struggled, however, with […]
New High for Gold, Oil Drops Back
Alphabet is up 5.8% premarket after learning that in an antitrust case, it will not be forced to divest either its Android operating system or its Google Chrome browser. Meanwhile, retailer Macy’s is up 12.4% premarket after crushing Street estimates on EPS ($0.41 vs Street $0.19). This news has helped NASDAQ futures to climb 0.7%, […]
Stocks Slide to Start September
September has historically been one of the weaker and more volatile months of the year for equity markets. This morning finds traders heading for the exits with NASDAQ futures down 1.2% and S&P futures down 0.9%. Over in Europe, the Dax is down 1.6% and the FTSE is down 0.6%. Late last week, a US […]
Stock Markets Continue to Climb
Yesterday was a banner day for US equity markets with the small cap Russell 2000 rallying 3.0% and the large cap indices gaining 1.1%-1.4%, sending the S&P 500 and the NASDAQ Composite to new all-time highs. This morning finds the three main index futures contracts up another 0.2%-0.3%. Positive momentum has continued overnight with the […]
Stocks Rally on Big Tech Earnings; Copper Plunges off a Cliff
One of the themes which had been dominating this earnings season had been strong results and mixed guidance followed by selloffs as investors took profits against the news. Overnight, investors have responded positive to earnings and guidance from Microsoft and Meta Platforms, sending their shares soaring 8.7% and 11.2% in premarket trading, and pushing NASDAQ […]
US-EU Trade Deal Kicks Off a Busy Week For Business News
Over the weekend the US and EU agreed to a new trade deal which includes a 15% tariff on EU goods entering the US. The EU also agreed to buy $750B of US energy and make investments of $600B in the US. This news arrives ahead of Thursday’s deadline to reach new trade deals with […]
Traders Look Ahead to a Big Week Next Week
US index futures are quiet this morning, but overseas markets have been under pressure overnight and into this morning with the DAX down 0.8%, the FTSE down 0.5%, the Nikkei down 0.9%, and the Hang Seng down 1.1%. Commodities are up today with Crude Oil and Copper rising 0.4% and 0.1% respectively. The US Dollar […]