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Building on yesterday’s US index gains of 0.3%-1.5%, US index futures are trading flat to up 0.25% this morning. Over in Europe, the FTSE is up 0.4% while the Dax and CAC are up 0.8% and Milan is up 1.4%.
US markets have started to bounce back this morning from yesterday’s very mixed US trading which saw Banks and Energy drag the Dow and S&P to losses of 1.1% each, while the NASDAQ finished flat. US index futures are trading
Over the next 24 hours, three of the world’s major central banks are holding interest rate decision meetings. The main event today is the US Fed meeting with an interest rate decision, statement, and member projections due at 2:00 pm
Fed Chair Powell rocked the markets yesterday with a series of hawkish comments indicating that with the economy holding up relatively well, inflation pressures have not eased as quickly and could even rebound. Because of this, Powell suggested that the
Coming off a flat to down Monday that saw the Dow, S&P 500 and NASDAQ all finish between -0.1% and +0.1%, the S&P/TSX Composite lose 0.3% and the Russell 2000 drop 1.5% to indicate weakness in small caps, US index
The implications of stagflation (high inflation driving tighter monetary policy and a weakening economy) appear to be putting a squeeze and taking their toll on stocks, bonds and commodities again today. From the inflation/monetary side, this week’s series of interest
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
After getting crushed yesterday on concerns over tightening monetary policy and a weakening global economy, stock markets have been trying to bounce back this morning, but so far gains have been small relative to recent losses. For example, US index
Coming off of a mixed Tuesday that saw the Dow Industrials gain 0.7% and the NASDAQ lose 1.2%, US index futures are off to a positive start today with Dow futures up 0.7% and NASDAQ futures up 1.2%. European markets
As the new trading week gets underway, stock market action has been mixed. In Asia Pacific trading, the Nikkei rose 0.6% but the Hang Seng fell 0.9%. European indices are trading flat to moderately higher with the Dax up 0.2%
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