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
Markets In Asia, Japan -0.2%. Hong Kong +0.7%. China +1.9%. India -0.1%. In Europe, at midday, London +0.5%. Paris +0.3%. Frankfurt +0.5%. Futures at 6:20, Dow +0.5%. S&P +0.5%. Nasdaq +0.6%. Crude +0.9% to $57.48. Gold -0.2%to $1325. Bitcoin +0.9% to $3917. Ten-year Treasury Yield flat at 2.68% Source: Seeking Alpha http://mam.econoday.com/ 10:15 Fed’s Mary Speech10:15 Fed’s Williams: “Prospects for Inflation … Continue reading
Markets In Asia, Japan +0.3%. Hong Kong +0.4%. China -0.3%. India +0.4%. In Europe, at midday, London -0.6%. Paris +0.1%. Frankfurt +0.4%. Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.3%. Crude +0.4% to $57.39. Gold -0.8%to $1337.60. Bitcoin -1% to $3886. Ten-year Treasury Yield +1 bps to 2.67% (Source: Seeking Alpha) Economic Calendar http://mam.econoday.com/ 7:50Fed’s Bostic: Economic … Continue reading
Markets Markets today will be eyeingminutes from the Fed’s January meeting, the one where Jerome Powell did an about-face and indicated that the central bank could hold off on raising rates. Next big market catalyst? Balance sheet normalization will likely … Continue reading
Markets In Asia, Japan +0.1%. Hong Kong -0.4%. China +0.1%. India -0.4%. In Europe, at midday, London -0.7%. Paris -0.5%. Frankfurt -0.4%. Futures at 6:20, Dow -0.3%. S&P -0.3%. Nasdaq -0.2%. Crude +0.9% to $56.48. Gold +0.8% to $1332.20. Bitcoin +4.6% to $3867. Ten-year Treasury Yield flat at 2.66% Source: Seeking Alpha http://mam.econoday.com/ 8:50 Fed’s Mester: Monetary Policy and Economic Outlook10:00 NAHB … Continue reading
Markets US Equities Markets Closed in observance of Presidents Day. Futures Markets are open until 1 pm (Source: Seeking Alpha) Economic Calendar http://mam.econoday.com/ No Economic Reports *****New PTG Trading Room Chat Log’s Link S&P 500 Today is Cycle Day 3 (CD3)…Price has already fulfilled 3 Day Cycle Target … Continue reading
Markets In Asia, Japan -1.1%. Hong Kong -1.9%. China -1.4%. India -0.2%. In Europe, at midday, London +0.4%. Paris +1.1%. Frankfurt +1%. Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude +1.3% to $55.13. Gold +0.6%to $1321.90. Bitcoin +0.8% to $3577. Ten-year Treasury Yield flat at 2.66% Source: Seeking Alpha Economic Calendar http://mam.econoday.com/ 8:30 Empire State Mfg Survey8:30 Import/Export Prices9:15 Industrial … Continue reading
Markets In Asia, Japan flat. Hong Kong -0.2%. China -0.1%. India -0.4%. In Europe, at midday, London +0.3%. Paris +0.7%. Frankfurt +0.3%. Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +1% to $54.46. Gold -0.5% to $1308.70. Bitcoin -0.6% to $3555. Source: Seeking Alpha http://mam.econoday.com/ 8:30 Initial Jobless Claims8:30 Producer Price Index8:30 Retail Sales10:00 Business Inventories10:30 EIA Natural Gas Inventory11:00 Fed’s … Continue reading