Category Archives for Economic News
Mid-Day Wall Street Update – Tuesday, April 12, 2022
Wall Street is having a day of stock market gains, with the Nasdaq 100 index ($NDX) up +55.51 points (+0.41%) at the time of this writing, and is leading way for the $SPX, which is up +7.76 points (0.18%) and the $DJI, which is up +53.98 (0.16%). According to the US Market Barometer, investors are […]
Continue readingWorst First Quarter Stock Market Closing Since 2020
US Stocks are poised to close the last trading day of the month in negative territory, as increasing inflation concerns, fighting in Ukraine, and fears of demand depression from China’s recent Covid lockdowns weigh on risk assets ahead of tomorrow’s Non-Farm Payroll Report. The US Stock Markets are set for the first losing & negative […]
Continue readingWall Street Major Indexes Open Positive For Session
US Major Stock indices ($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 […]
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