Earnings Season Starts With Big Bank Beats
The first day of earnings season finds US bank and asset manager results coming in well above expectations, sparking premarket rallies. Headliners include JPMorgan* ($4.81 vs street $4.09, up 1.1% premarket), Wells Fargo ($1.43 vs street $1.35, up 4.3% premarket), Blackrock ($11.93 vs street $11.24, up 5.0% premarket), Goldman Sachs* ($11.95 vs street $8.21, up […]
Stocks and Currencies Digest Monday Moves
US index futures are quiet this morning trading flat to up 0.1% as equities digest their Monday rallies that drove gains of 0.5% for the S&P 500 and 1.2% for the NASDAQ. European trading action is mixed with the FTSE down 0.3% and the Dax up 0.5%. The US Dollar has stabilized this morning after […]
Mixed Holiday Week Trading Continues
US index futures are up 0.3%-0.4%, bouncing back from yesterday’s US index declines of 0.2%-0.4%. In Europe today, the FTSE is flat and the Dax is down 0.2% in the last day of quieter holiday season trading. Natural gas continues to give back gains made earlier this week, sliding 4.8% so far this morning. Crude […]
China in the Spotlight for Positive and Negative Interventions
Generally speaking markets really hate it when governments get too involved in the economy or investing whether it be tariffs, sanctions, capital gains or dividend taxes, antitrust actions or other things. Nvidia is down 2.2% in premarket trading, dragging NASDAQ futures down 0.2% after China announced over the weekend that it has started an investigation […]
Positive PMI and Disappointing Bank Earnings
Coming off of Monday’s mixed finish which saw the S&P 500 close at a new all-time high, the NASDAQ gain 1.0% and the Dow Industrials lose 0.3%, US index futures are pretty much flat this morning. European bourses are in the green today with the FTSE up 0.9% and the Dax up 0.2%. Currency trading […]