Trade Developments and Earnings Drive Market Action Today
New and continuing developments related to tariffs, trade, and sanctions appear to be having a significant impact on the markets. With new sanctions against Russia and Russian energy companies taking hold, Crude Oil is up another 1.00% today, trading near $62.50/bbl. Last night, in response to an advertisement critical of tariffs, President Trump has stopped […]
Oil Surges as Russia Talks Stall
Crude Oil is rallying this morning, with a 5.1% gain pushing it back above $60.00/bbl and closer to $61.50. Energy markets are responding to the news that US President Trump has cancelled a planned meeting with Russian President Putin and launched new sanctions against Russian energy countries after the latest round of Ukraine talks stalled. […]
Mixed Response To Earnings Reports
Last night’s earnings reports were disappointing. Netflix* missed on earnings due to a one-time charge related to a tax dispute in Brazil and is now down 7.5% premarket. Texas Instruments missed by a penny and is also down 7.5% premarket as guidance disappointed. This morning’s results have been stronger than expected with GE Vernova (up […]
Precious Metals Retreat as Investor Focus Turns to Earnings
It’s a busy morning for earnings reports with better-than-expected results from Bank of America, GE Aerospace*, Coca-Cola, Lockheed Martin, 3M*, and General Motors. Results have been well received overall, with most these companies trading up 0.5%-3.0% premarket, and GM jumping 11.5% on positive guidance. Netflix* and Texas Instruments report after the close today. Equity market […]
Equities Rebound As Earnings Season Expands
Equity markets have resumed their upward march this morning to kick off the new trading week. The Hang Seng jumped 2.4% with Shanghai climbing 0.6% and Tokyo gaining 1.6%. In Europe today, the DAX is up 1.2% and the FTSE is up 0.4%. US index futures are up 0.2% to 0.4% building on Friday’s afternoon […]
US Regional Bank Results Weigh on World Markets
Investor confidence showed its first significant crack in some time yesterday, as concerns about lending practices and potential loan losses emerged among US regional banks reporting results. This sent the S&P 500 down 0.6% and the small-cap Russell 2000 down 2.1%. Renewed fears over the potential impact of a slowing economy and continuing tariffs on […]
Precious Metals Reach New Heights
Precious metals and mining stocks continue to soar this morning as traders anticipate further monetary easing from central banks. Gold is up 1.3%, trading above $4.250/oz, while Silver is up 1.8%, trading close to $52.50/oz, and Platinum is up 1.3%, trading above $1,700/oz. Bank of Canada Governor Macklem and several Fed officials are scheduled to […]
Stocks Rebound as Investors Focus on Earnings
Yesterday, equities demonstrated resilience, clawing back most of their early losses, and momentum has turned positive again overnight. In Asia-Pacific trading, both the Nikkei and the Hang Seng rallied by approximately 1.8%. In Europe today, the CAC is up 2.2%, the DAX is steady, and the FTSE is down 0.4%. US index futures are up […]
Trade Tensions Crush Commodities; Earnings Season Starts
The markets have been on a roller-coaster ride over the past several days as Trump’s tweets and trade talk roil sentiment. Friday’s selloff was sparked by President Trump threatening China over rare earths and announcing a new 100% tariff on Chinese goods to take effect November 1st. Over the weekend, he appeared to back off, […]
Gaza Ceasefire and Canada Job Rebound in Focus
The Gaza ceasefire deal, which has the potential to ease tensions in the Middle East, has had mixed implications for markets today. Crude Oil is down 1.4% as supply risks in the wider region ease. Defensive havens like precious metals, however, have not been impacted at all with Gold up 0.8% and Silver up 2.4%. […]