Dow crosses 23,000 The Euro declined for a fourth day, the longest streak since May UK inflation hits new five-and-a-half-year high The Dow Jones Industrial Average crept above 23000 for the first time Tuesday, buoyed by gains in shares of health-care companies. Just four weeks since The Dow crossed 22,000, but thanks to Goldman, Boeing,… Continue reading Markets Update, 17 October
Stocks mixed as bonds, Oil climb. Dollar slips, Pound jumps on higher retail sales. Fed meeting expectation for Fed’s plans to unwind its balance sheet. Today the Fed will officially announce the starting point to unwind its balance sheet. while keeping rates unchanged, perhaps hiking again in December (market odds at 56%), while revising its economic… Continue reading Daily Markets Overview, 20 Sept.
Markets Rise as Hurricanes and North Korea gets Quieter Safe-haven assets lower with gold, yen, SwissFranc taking a breather. China PBOC Eases Measures to Push Yuan U.S. Dollar Deepens Dive. The Stoxx Europe 600 moved nearly 1% higher, led by gains in bank, insurance and technology shares—sectors that post hefty gains… Continue reading Daily Markets Update, 11 September
Euro Stronger on Draghi´s Tapering comments. Dollar Tumbles to lowest since Jan 2015. Mexico earthquake sparks Tsunami warning; Korea risks linger. Treasuries yield touches new low for 2017 Gold rises further to touch highest level since August European stock indices slip The dollar is losing ground against both the yen and euro as a… Continue reading Markets Daily, 8 September
U.S. Stocks Open Higher despite North Korea And Hurricanes Global Stocks Follow U.S. Lower as Fears Grip Investors. Sell off in financials continues to take toll on European bourses. Financial stocks under pressure as sovereign debt yields stay at lows Gold, yen and franc up as cautious trade continues. Stocks… Continue reading Daily Markets Update, 6 September
Business Surveys Boost Euro, Bond Yields. Stock Rally Fizzles After Trump Speech. Trumps above all Wants his Wall. “If we have to close down our government, we’re building that wall,” Trump told thousands of supporters gathered in Phoenix for a campaign-style rally. “One way or the other, we’re going to get… Continue reading Daily Markets Update, 23 August
Wall Street edged lower led by technology and financials European shares risk-off moves continue. Yellen Draghi: inflation remains inexplicably low. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi will be among the officials addressing this year’s installment of the annual conference hosted by the Kansas City Fed. The… Continue reading Markets Update, 21 August