Category Archives for Economic News
Wall Street Major Indexes Open Positive For Session
US Major Stock indices ($DJIA, S&P500, Nasdaq100) are edging slightly higher due to solid third quarter earnings performance among companies in the Utilities & Healthcare Sectors. $DJIA is currently up +132.82 points to $35,590 and is leading the way in risk trends for today. Financial markets are still factoring in issues that are arising from […]
Continue readingBitcoin Surges To New All-Time High of $66,653
Bitcoin (XBT/USD), or what some investors like to affectionately call “King Coin”, has just broken above its previous 2021 record high to form a new all-time high at $66,040/btc. The previous high was at $64,895/btc which served as a strong area of resistance for a few months and resulted in the cryptocurrency retracing its gains […]
Continue readingStocks Pared Their Early Advances On Stagflation Concerns
All 3 major US indices ($SPX, $DJIA, and $NDX) pared their early advances, and are trading below their opening levels on what has been a choppy/volatile day of trading in US Equity Markets for the first session of the week. It seems that investors are remaining cautious as they make sense of stagflation in the […]
Continue readingGlobal Sovereign Bond Yields Do Little To Calm Stock Markets
Financial markets appear to be shrugging off inflation concerns and investors have conjured up reasons to incite a rally in US equities on today, and before the release of quarterly earnings reports, which start this week. Basic Materials & the Energy sectors are leading the rally higher on the back of increasing commodity gains, with […]
Continue readingFlight-To-Quality Fuels Market Behavior – March 23, 2021
Financial markets are preferring the safe haven play on Tuesday, as caution & concern widens over discouraging lockdown headlines from Germany, coordinated sanctions against China, and also the Fed Chair Powell’s & Treasury Secretary Yellen’s 2-day testimony before Congress. During today’s market activity, risk-oriented assets, like global stock indices and emerging market currencies, are trading […]
Continue readingStocks Gap Lower in Risk Aversion at US Market Open
There is a handover of risk averse sentiment in US equity markets, as stocks gap lower at today’s open. At the time of this writing Nasdaq is leading the charge lower at a drop of -1.29%, as technology companies, which are mostly growth stocks, suffer from higher Treasury yields. This is the 4th consecutive negative […]
Continue readingFinancial Markets Are Bewildered By US-China Trade Headlines
Market-wide confusion and bewilderment over the lengthy US-China trade debates have caused capital markets to cover their gains early for the last trading session of the week, and take profit early ahead of the weekend. Contradicting trade headlines regarding the roll-back of tariffs on Chinese goods are shaking global financial instruments into a state of […]
Continue readingRisk Assets Remain Bouyant Into Week’s Close
Financial markets are closing this week in a festive and buoyant manner as two of the most pressing geo-political issues that have weighed on assets over the past two years appear to be closer to a hopeful outcome and settlement. For today’s trading session, we saw a positive handover of yesterday’s risk sentiment, and […]
Continue readingUneasy Capital Markets For This Week’s Open
Global Capital Markets were unsettled during the early part of the trading session and ahead of the US Opening Bell, as investors remained reluctant to place any aggressive bets on risk assets, while ongoing concerns over Brexit and the US-China Trade War remain front & center for this week of trading. Many analysts are […]
Continue readingUS Advanced GDP Reading Underpins US Dollar
Today’s trading webinar began with most dollar-denominated assets lower for the day, but within a mode of brief consolidation & correction ahead of this morning’s US Advanced Q2 GDP data. For a good portion of the trading day, the greenback was the preferred currency to buy, and continued to show strength as a result of […]
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