Commodities Soar While Equity Investors Assess Earnings Reports
Today marks the peak of earnings season, with four of the Magnificent 7 companies reporting results and issuing forecasts. Tesla* ($0.50 vs Street $0.45) and Meta Platforms ($8.88 vs Street $8.21) are up 1.9% and 8.9% premarket, with traders responding positively to the results. Microsoft, however, is down 6.9% amid signs that its cloud computing […]
Interest Rate Decisions and Big Tech Earnings Today
Markets are focused on a busy day ahead, with two central banks meeting in the middle of earnings season. It is shaping up to be a significant session for business news, with interest rate decisions due today from the Bank of Canada at 9:45 am EST and the Federal Reserve Board at 2:00 pm EST, […]
Markets Digest Mixed Earnings Reports and a Big Trade Deal
A big week for earnings has kicked off this morning with varying results. UnitedHealth is down 16.3% in premarket trading after the company forecast a sales decline for this year, potentially its first in decades. General Motors*, on the other hand, is up 4.3% premarket on the back of a positive earnings, guidance, and a […]
Defensive Sentiment Pushes Gold Through the $5,000 Barrier
Over the weekend, President Trump threatened Canada with a 100% tariff should it move ahead with a trade deal with China. While this has had no impact on the Loonie or equities as of yet, it has served as a reminder to investors that while the flashpoint of the day may change, underlying conflicts around […]
Gold $5,000 and Silver $100 in Sight
World markets and sectors have experienced their ups and downs over the past several months, but one theme has remained consistent. While the names dominating headlines shift from day to day, ongoing political tensions around the world continue to underpin a steady drive higher in precious metals, as capital appears to seek out traditional havens. […]
Stocks Rebound, Metals Slide as Greenland Fears Ease
Markets appeared to breathe a sigh of relief yesterday after the US and NATO agreed on a framework to discuss Greenland. This development appeared to diffuse tensions enough for the US to agree to drop the tariff increases against eight EU countries that had been planned for February 1st. Building on yesterday’s bullish reversal, where […]
Steady Markets Await Trump Speech as Earnings Season Continues
Amid all the geopolitical turbulence of late, markets appear to be in the calm eye of a storm currently. President Trump is scheduled to speak to global political and business leaders today at the Davos Conference, but the timing is unclear as his flight was delayed. The dispute with Europe over Greenland remains front and […]
Traders go Defensive as US Returns to Trading
With the dispute between the US and Europe over Greenland escalating amid more tariff threats and President Trump heading to Davos for meetings this week, traders have shifted to a more defensive stance. US investors have apparently returned from the Martin Luther King holiday in a selling mood. Index futures are down 1.3% to 1.7% […]
Greenland Tariff Threats and China Data Move Markets
The US being closed for Martin Luther King Day has not stopped markets anywhere else from reacting decisively to weekend developments. President Trump announced plans to introduce a 10% tariff on 8 European countries starting February 1st over their opposition to the US attempt to take over Greenland, further increasing political tensions. Needless to say, European […]
Markets Digest Recent Developments in Pre-Holiday Trading
It’s options expiry day and the Friday before a long weekend in the US. With less news flow today, traders appear to be repositioning and digesting this week’s earnings and economic news. Consolidating yesterday’s US rebound, index futures are trading flat to up 0.4% with the NASDAQ the strongest. European markets are flat to moderately […]