The ASX200, Nikkei and Hang Seng are all looking to open in the positive after a mostly positive lead from Wall St with all major US indices but the Dow eking out gains despite ongoing debt ceiling headwinds and some hawkish Fed speak. The Russell 2000 saw strong advances, aided by a bounce in regional banks with PacWest (PACW) surging after anno...
With Junes FOMC policy meeting still up in the air as far as markets are pricing in, FOMC minutes and US PCE core inflation figures (reportedly the Fed’s favoured measure) released this week will be closely watched and likely go a long way to settling market participants mind as to what the next move from the fed will be. From the UK inflation da...
US indices were firmly higher on Thursday with a Big Tech bias, with the Nasdaq outperforming , rallying 1.5%, lifted by the likes of Nvidia (NVDA), Amazon (AMZN), and particularly Netflix (NFLX), which saw near double-digit strength after a positive ad tier subscriber update. Strong data releases (good news is good news now?) and a more haw...
Major US indices finished solidly in the green in a broad rally as risk appetite returned to the market amid optimism debt ceiling negotiations and a reassuring update from regional bank Western Alliance (WAL) which reported growth in its deposits. The Dow was up over 400 points, or 1.24% while the Russell 2000 outperformed, up over 2%, flying on a...
US stocks finished mostly lower in what was a risk-off session amid mixed data releases from the US and ongoing debt ceiling concerns weighing on risk markets. A lackluster forecast from retail giant (and Dow component) Home Depot (HD) also didn’t help. The Dow led losses, ending up down over 300 points while the Nasdaq was the least worst of ...
Major US indices finished broadly higher after weak Empire State manufacturing figures fed into the “bad news is good news” for equities narrative, and a surge higher in regional bank stocks allayed fears of further crises in that sector in the short term. The Russell 2000, being the home of most of these mid-sized banks outperformed, finishing...
Global markets enter the 3rd week of May against the backdrop of rising market concern regarding the ongoing US debt ceiling impasse as well as ongoing risks in the US banking system, both of which dampening risk sentiment and seeing markets rangebound as they await a solid catalyst to get moving. US 1 year Credit Default Swap price spiking on d...
US indices closed the session mixed with outperformance in Nasdaq, propped up by Google(GOOG) as their continuing I/O event bolstered their stock price. However, other major indices finished solidly in the red, with the Dow down over 200 points, dragged down by Disney, and the S&P500 and Russell 2000 suffering from further banking woes after Pa...
US equity markets whipsawed in a volatile session after CPI figures showed a slight softening in the headline reading, this saw stocks initially rally, before dipping and rallying again to finish the session on a strong footing. The Nasdaq outperformed in a lower yield environment and was given a boost by Alphabet (GOOG) which rallied over 4% amid ...
Today’s US CPI number is the most important US data release this week. With the FX markets coming into this release with relatively low energy and searching for a catalyst any surprise will likely trigger significant intraday volatility in FX and other risk assets. We’re also coming into this release with a market split on the Feds next rate...
US indices finished modestly lower on a light news day with traders cautious ahead of upcoming US CPI figures and following hawkish rhetoric from numerous ECB and Fed officials. There is also the US debt limit negotiations on the back of traders’ minds as agreement remains in limbo and talks look likely to be protracted. The Dow Jones was down...
Major US indices finished mixed to flat on a slow news day and lighter than usual volumes not helped by the UK being on a holiday as traders seem to be waiting for pivotal inflation data released later this week. The Nasdaq, lifted by lingering good feeling from recent Tech earnings outperformed, finishing up 21 points, while a paring back of a ...
US stocks rallied strongly on Friday on a stronger than expected Jobs report, improved banking sentiment and strong earnings from Apple (AAPL) which saw the Nasdaq up over 2% and erasing the weeks losses to finish the first week of May modestly in the green. Non-farm payrolls smashed expectations, coming in at 253k new jobs created in April ...
US stocks indices finished in the red in a choppy session with more regional bank selling, mixed data releases (including a surge in US Labour Costs) and another hike out of the ECB keeping traders busy. All four major indexes finished broadly lower with financials leading the declines as more headlines hit the newswires regarding issues with re...
Asian indices and US futures have bounced back so far in the session after gapping down at the open after the news that another US bank could be in trouble, namely PacWest, which I’m pretty sure we’ll be hearing more about in the coming days. The ASX200 has recovered from its negative open, helped by a strong trade balance figure and is curr...