Markets Following a bout of market volatility, stocks across the world are attempting to stabilize amid stronger-than-expected Chinese trade data that eased concerns about a sharp deterioration in the global economic outlook. U.S. stocks whipsawed yesterday, with the DJIA swinging … Continue reading
Markets Markets are getting some more relief as the PBOC set its official midpoint reference for the yuan at 6.9996 on Wednesday, weaker than the 6.9683 set Tuesday but still stronger than the key 7 per dollar level. Dow and S&P … Continue reading
Markets Wall Street is pointing to positive territory for the session ahead, with Dow and S&P 500 futures up 0.8% and the Nasdaq ahead by 1%, following the worst trading day of 2019. In Asia, Japan -0.7%. Hong Kong -0.7%. China -1.6%. India +0.8%. In Europe, at midday, London +0.1%. … Continue reading
Markets Another round of selling is taking place across the globe following the worst week of the year for the S&P 500. It all started with the Fed’s more-hawkish-than-expected policy outlook, but quickly morphed into trade uncertainty as tensions between Washington … Continue reading
Markets Today’s nonfarm payrolls report has slipped to the back burner, but investors are still keeping an eye out for what the figures will mean for interest rates. U.S. job growth likely slowed in July to 164K – after outsized … Continue reading
Markets The S&P 500 ended the session yesterday down 32.80 points, or 1.1%, snapping a 36-session streak in which the closing index didn’t move more than 1% in either direction. The selloff was triggered by comments from Fed Chair Jerome Powell, which … Continue reading
Markets Market focus is largely attuned to the U.S. central bank as stock index futures point to gains on expectations of a Fed rate cut, with contracts linked to the DJIA up 79 points, and S&P 500 and Nasdaq ahead by 0.2% and 0.4%, … Continue reading
Markets U.S. equity futures are suggesting modest declines on Wall Street ahead of the open, with contracts tied to the DJIA down 50+ points. In Asia, Japan +0.4%. Hong Kong +0.1%. China +0.4%. India -0.8%. In Europe, at midday, London +0.1%. Paris -0.8%. Frankfurt -1.6%. Futures at 6:20, Dow -0.2%. S&P -0.3%. … Continue reading
Markets This week’s highlight is Wednesday’s decision by the Federal Reserve that will likely see Chairman Jerome Powell and colleagues cut interest rates for the first time in more than a decade, and leave open the possibility of further action … Continue reading
Markets U.S. futures point to a modestly higher open after Thursday’s decline and with a fresh batch of earnings due this morning. In Asia, Japan -0.45%. Hong Kong -0.69%. China +0.24%. India +0.29%. In Europe, at midday, London +0.48%. Paris +0.53%. Frankfurt +0.44%. Futures at 6:20, Dow +0.30%. S&P +0.32%. Nasdaq +0.46%. Crude +0.6%to … Continue reading