US Dollar Rebounds as Talks Continue
Amid ongoing talks between the US and Russia aiming to end the Ukraine War, and conflicting stories about whether the US and China are talking tariffs or not, the US Dollar is bouncing back this morning. Gold is down 1.3%, the Yen is down 0.5%, the Euro is down 0.3%, and the Loonie is down […]
Gold Approaches $3,500/oz
With no new developments related to the trade war or the Fed overnight, Gold continues to rally, gaining 1.2% this morning and trading above $3,460/oz. Silver, meanwhile, is up 0.5% and Bitcoin is up 1.5%. Commodities are also rebounding with Copper up 1.5% and Crude Oil up 1.3%. With the US 10-year treasury note yield […]
Export Regulations Drag Down Chip Stocks, Boost Gold
The Morning Minutes will not be issued on Thursday April 17, they should return on Monday April 21st. For the last several weeks, investors have been focused on tariffs as the main tool in a growing trade war between the US and other countries. Last night, the street was reminded that other measures can be […]
Shaky Start to a Big Week for World Markets
The first day of the new trading week, which is also the last trading day of the month and the quarter, finds stock markets around the world under heavy selling pressure. Overnight, the Nikkei plunged 4.0%, while the Hang Seng fell 1.3%. European trading finds the Dax and CAC both down 2.0%, with the FTSE […]
Stocks Rally on Softer Tariff Speculation
The twists and turns of tariff talks which change from day to day and sometimes even hour to hour have had markets on a roller coaster ride for weeks now. President Trump has been going around calling April 2, the day he plans to roll out reciprocal tariffs against pretty much everyone, “Liberation Day”. Meanwhile, […]
Stocks Retreat as Investors Digest Central Bank News
Yesterday afternoon’s relief rally which pushed US indices to gains of 0.9% to 1.4% has evaporated overnight. This morning finds US index futures down 0.4%-0.6%, while in Europe, the Dax is down 1.5% and the FTSE is down 0.3%. The US Dollar is rallying today, gaining 1.1% against the Australian Dollar, 0.6% against the Euro […]
Stirred, Not Shaken
The last 24 hours have seen significant divergences in performance across world markets including overnight and into this morning. In the US, Dow futures are down 0.4%, adding to yesterday’s 1.0% Dow loss. NASDAQ futures are up 0.3%, clawing back most of yesterday’s 0.4% NASDAQ loss. Overseas, the Hang Seng soared to 4.0% to close […]
Stocks Pause Ahead of the Long Weekend
With a long weekend approaching in North America, traders appear inclined to take profits following yesterday’s rally. Soft US retail sales and mixed earnings don’t appear to be helping sentiment either. US headline retail sales (-0.9% vs street -0.1% and previous +0.7%), and retail sales ex autos (-0.4% vs street +0.3%) showed an abrupt and […]
Markets Digest Inflation and Earnings News
US Producer prices came in hotter than expected this morning (3.5% vs street 3.2% and previous 3.3%), confirming the increase in inflation seen in yesterday’s US consumer price report. Tomorrow brings US retail sales for this month. Unlike yesterday where stocks sold off on the prospects of rising inflation, traders appear to be taking today’s […]
Stocks Pause, Bitcoin Retreats as Treasury Yields Climb
US index futures are mixed this morning with NASDAQ futures down 0.5% and Dow Futures up 0.1%. This sluggishness following two days of strong gains for US markets following the Inauguration so far appears to be normal profit-taking. European markets are climbing this morning, with the Dax up 0.3% and the FTSE up 0.2%. The […]