Stocks Consolidate Index Moves To All-Time Highs
Amid the celebrations surrounding the Dow closing above 38,000 and the S&P 500 reaching a new all-time high yesterday, upward momentum for equity markets appears to be slowing. US index futures are trading between -0.1% and +0.2% this morning, consolidating the US index gains of the last three trading days, including an upward move of […]
US Gains And China Losses Indicate Indecision As Earnings Season Looms Ahead
The start of the new trading week finds global markets heading in different directions. This morning, US index futures are up 0.25% to 0.65%, with NASDAQ futures leading the charge. Over in Europe, the Dax is up 0.4% but the FTSE is flat. Overnight the Nikkei rallied 1.6% to its highest level in over 30 […]
Stocks Keep Rising Despite Headwinds From Soft Retail Sales And Layoffs
North American markets appear set to build on yesterday’s bounce with US index futures rising 0.45% to 0.75% as they look to add to yesterday’s US index gains of 0.55% to 1.35%. Over in Europe, the FTSE is up 0.4% and the Dax is up 0.2%. Chinese markets continue to struggle with the Hong Kong […]
Stocks Rebound As Investors Digest Economic And Earnings News
Selling pressure eased overnight and equity markets have bounced back a bit this morning. In Asia Pacific trading, the Hang Seng rebounded 0.75%, while in Europe, the Dax is up 0.75% and the FTSE is up 0.3%. US index futures are mixed this morning. Dow futures are down 0.2% adding to yesterday’s 0.25% loss. NASDAQ […]
China Data Disappointment Drags On Stocks And Commodities
Overnight, China released disappointing Q4 GDP (5.2% vs street 5.3%) and retail sales (7.4% vs street 8.0%) reports, which the street appears to have taken a sign that the Middle Kingdom’s economy continues to struggle. Asia Pacific markets broadly sold off on the news, including drops of 3.7% for Hong Kong, 2.1% for Shanghai, and […]
Equity Retreat Resumes With Earnings And Upcoming China Data In Focus
A broad-based selloff in global equity markets has been underway overnight and into this morning. Asia Pacific markets led the way downward with Hong Kong losing 2.1%, Sydney and Seoul losing about 1.1% and Tokyo slipping 0.8%. Major European markets are down across the board with Frankfurt, London, Paris and Milan all down 0.2%-0.4%. Downward […]
Holiday Pause With A Busy Week For Earnings And Economic News Looming
The trading week is off to a quiet start so far as is common when US markets are closed, in this case for Martin Luther King Day. US index futures are trading flat to down 0.1%, while major European indices are trading down 0.25% to 0.50%. Energy markets are more active with US Crude Oil […]
Stocks Retreat As US Earnings Start To Roll Out
US equities and indices had advanced quite significantly since the last earnings season, implying a significant ramp up in investor expectations for the earnings season which starts today. Initial reaction to results suggests that so far, investors appear to be looking to results for reasons to take profits. The reaction to non-bank results has […]
Inflation Rises And A Big Day For Cryptocurrencies
US index futures have dropped underwater following the release of a hotter than expected US inflation numbers. Both US consumer prices (3.4% vs street 3.2% and previous 3.1%) and Core CPI (3.9% vs street 3.8% and previous 4.0%) were worse than expected weakening the case for near term interest rate cuts. US weekly initial jobless […]
Energy In Focus As Investors Await Inflation And Earnings Reports
The most notable news and trading action overnight and into this morning has been in the Energy market. US Crude Oil is up 1.0% while Natural Gas is down 2.8%. Last night API reported a larger than expected (-5.2 mmbbls vs street -1.2 mmbbls) drawdown in weekly US oil inventories. DOE weekly US oil inventories […]