Markets It will be hard to match January’s big gain of 304,000 jobs, but another strong increase in payrolls is expected despite a bad winter seen by weather-sensitive industries. Nonfarm payrolls likely increased by 181,000 in February, with the unemployment rate … Continue reading
Markets Global stocks are in a sluggish trend just ahead of today’s European Central Bank meeting. Japan’s Nikkei average fell 0.7%, while Hong Kong’s Hang Seng dropped 0.9% and South Korea’s Kospi declined 0.5%. Chinese blue chip names also snapped a four-day winning streak. In … Continue reading
Markets U.S. stock index futures are pointing to a lower open, with Dow futures down 48 points and the S&P 500 and Nasdaq slightly in the red. Shares in Europe and Asia were mixed overnight, with only China seeing some significant … Continue reading
Markets In Asia, Japan -0.4%. Hong Kong flat. China +0.9%. India +1.1%. In Europe, at midday, London +0.3%. Paris -0.2%. Frankfurt -0.1%. Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude -0.1% to $56.51. Gold -0.1% to $1285.70. Bitcoin +0.7% to $3722. Ten-year Treasury Yield +2 bps to 2.73% Source: Seeking Alpha Economic Calendar http://mam.econoday.com/ 7:30 Fed’s Rosengren Speech8:55 Redbook … Continue reading
Markets Trade sentiment is again boosting equities, with Shanghai closing up 1.1%and U.S. futures pointing to gains, as the WSJ reported that China and the U.S. are in the final stage of completing a trade deal. In Asia, Japan +1%. Hong Kong +0.5%. China +1.1%. India +0.6%. In Europe, … Continue reading
Markets U.S. stock index futures are ahead by 0.6% as the S&P 500 points to a major inflection point at 2,800, a level widely watched by technical analysts and nearly everyone else. Data yesterday showed gross domestic product rising 2.9% in 2018, just … Continue reading
Markets In Asia, Japan -0.8%. Hong Kong -0.4%. China -0.4%. India -0.1%. In Europe, at midday, London -0.5%. Paris flat. Frankfurt -0.1%. Futures at 6:20, Dow -0.3%. S&P -0.3%. Nasdaq -0.4%. Crude -0.4% to $56.73. Gold +0.5% to $1327.90. Bitcoin +0.3% to $3819. Ten-year Treasury Yield -2 bps to 2.67% Source: Seeking Alpha Economic Calendar http://mam.econoday.com/ 8:00Fed’s Clarida: “Promoting … Continue reading
Markets Futures contracts for U.S. stock markets have resumed trade stateside after being halted due to a technical glitch at CME Group. Wall Street’s three major indexes are now pointing to losses of 0.3% as investors sift through dovish testimony from Jerome Powell, … Continue reading
Markets Oil suffered its worst YTD price decline on Monday, tumbling from three-month highs after President Trump lashed out at crude prices. April WTI settled down 3.1% at $55.48/bbl, while Brent closed 3.5% lower at $64.76/bbl. While the message immediately flipped investor sentiment, some analysts … Continue reading
Markets The Shanghai Composite surged 5.6% overnight, taking the index into bull market territory, after President Trump delayed an increase in tariffs scheduled for March 1. “The U.S. has made substantial progress in our trade talks with China,” he wrote on Twitter. … Continue reading