Markets Futures pause before earnings Wall Street inched up to notch a fresh record close on Monday, but stock index futures are now in wait-and-see mode as earnings season gets underway in earnest. Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Wells Fargo … Continue reading
Markets Big banks start reporting Q2 earnings today and investors will be closely watching for signs of how much the Fed’s change in rate policy could hurt the banking business. The rate curve has also been flattening, making it harder … Continue reading
Markets In Asia, Japan +0.2%. Hong Kong +0.1%. China +0.4%. India -0.2%. In Europe, at midday, London +0.2%. Paris +0.5%. Frankfurt +0.1%. Futures at 6:20, Dow +0.4%. S&P +0.3%. Nasdaq +0.3%. Crude +0.1% to $60.26. Gold +0.1%to $1407.80. Bitcoin +1.8% to $11650. Ten-year Treasury Yield +1 bps to 2.13% Source: Seeking Alpha https://seekingalpha.com/ http://mam.econoday.com/ 8:30Producer Price Index1:00 PMBaker-Hughes Rig Count … Continue reading
Markets In Asia, Japan +0.5%. Hong Kong +0.8%. China +0.1%. India +0.7%. In Europe, at midday, London -0.1%. Paris flat. Frankfurt +0.3%. Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude +0.7% to $60.82. Gold +0.8%to $1423.70. Bitcoin -11% to $11417. Ten-year Treasury Yield flat at 2.06% (Source: Seeking Alpha) https://seekingalpha.com/ Economic Calendar http://mam.econoday.com/ 8:30Initial Jobless Claims8:30Consumer … Continue reading
Markets U.S. equity futures are suggesting a modestly lower open on Wall Street, with DJIA futures down 44 points, ahead of Powell’s big day on Capitol Hill and his likely defense of central bank independence in response to President Trump’s criticism … Continue reading
Markets In Asia, Japan +0.1%. Hong Kong -0.8%. China -0.2%. India flat. In Europe, at midday, London -0.3%. Paris -0.5%. Frankfurt -1.3%. Futures at 6:20, Dow -0.4%. S&P -0.4%. Nasdaq -0.6%. Crude +0.7% to $58.07. Gold -0.7% to $1390.60. Bitcoin +3.2% to $12356. Ten-year Treasury Yield +3 bps to 2.06% Source: Seeking Alpha https://seekingalpha.com/ http://mam.econoday.com/ 6:00NFIB Small Business Optimism Index8:45Jerome … Continue reading
Markets Stocks retreat Friday’s jobs report, which showed American employers added a much-higher-than-expected 224K jobs to the economy last month, has triggered a broad re-pricing in markets around the world. Traders are now looking for a smaller July rate cut … Continue reading
Markets Major U.S. exchanges, as well as equity futures and options, will close at 1 p.m. ET and will remain closed tomorrow for the Fourth of July holiday. Commodity markets will stay open a bit longer, until 5 p.m. today, … Continue reading
Markets In Asia, Japan flat. Hong Kong +1.2%. China flat. India +0.4%. In Europe, at midday, London +0.4%. Paris -0.1%. Frankfurt -0.2%. Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.2%. Crude -0.1% to $59.03. Gold +0.5% to $1396.20. Bitcoin -10.1% to $9852. Ten-year Treasury Yield -2 bps to 2.01% Source: Seeking Alpha https://seekingalpha.com Economic Calendar http://mam.econoday.com/ 6:35Fed’s Williams … Continue reading
Markets U.S.-China trade truce relief shows in stock markets futures, which indicate strong gains at the open. Nasdaq futures gain 1.7%, while the S&P futures rise 1.1% and Dow futures point to a 274-point, or 1%, advance. Stoxx Europe 600 Index rises 0.8% in morning trading. In … Continue reading