Bitcoin Breaches $100,000
Markets, being dominated by humans can get drawn psychologically to large numbers. This year we have seen the S&P 500 blast through 5,000 and 6,000, the Dow Industrials rally through 40,000 and 45,000, the Nasdaq clear 20,000 and keep on going and Gold use $2,500 as a launch pad. Today the focus is on cryptocurrencies […]
December Starts with the US Dollar in Rally Mode
Last week’s positive finish for US markets has carried through the weekend. Asia Pacific markets posted gains of 0.6% to 1.2% with Shanghai leading the way. In Europe this morning the Dax is up 1.1% while the FTSE is up 0.3%. US index futures are flat. The US Dollar is strong to start the week […]
Mind The Gap as Retailing Moves Into the Spotlight
Retailer Gap looks to be heading for a big day with a gain of 19.4% premarket adding to yesterday’s 6.9% advance. Earnings per share crushed expectations ($0.72 vs street $0.58). Management indicated the holiday quarter is off to a strong start and raised guidance. On the other hand, Intuit is down 2.8% premarket despite an […]
Stocks Climb, Metals Retreat Into the Weekend
It has been a constructive morning so far for North American stocks. US index futures are up 0.2% to 0.4%, while TSX futures are up marginally. The US 10-year treasury note yield has stabilized near 4.20%. Trading is quiet in Europe this morning, the FTSE is flat while the Dax is up 0.1%. Nothing notable […]
Mixed Markets Stagger Toward the US Long Weekend
Yesterday’s US market selloff which came despite a post earnings rally in Nvidia* carried through world markets overnight and into this morning. Following on from yesterday’s drops of 0.4% to 1.6% for major US indices on Thursday, the Hang Seng fell 1.4%, the Nikkei fell 1.2%, the Dax dropped 0.5% while the FTSE has fallen […]
S&P Flirts With 5000 Amid Earnings and Economic News
US equities continue their rebound this morning. US index futures are up 0.1%-0.2%, with S&P futures back up above 5000, building on yesterday’s 0.4%-1.3% rebounds. In Europe today, the Dax is up 0.7% and the FTSE is up 0.1%. The Nikkei rallied 1.2% overnight and traded above 38,000 for the first time in over 30 […]