US The S&P 500 Index closed on Friday at an all-time high. Stocks gained 0.7%, as retail sales sparked optimism in the economy and JPMorgan Chase & Co. signalled tax cuts will bolster profits. The dollar weakened the most since March, sending the euro to a three-year high and the pound to its strongest since […]
US The S&P 500 added to recent gains on Friday, gaining 0.4% as Technology companies outperformed, bringing the gain in September for the US large-cap index to 2.1%. Gains for the week were propelled by the unveiling of a tax reform plan that aims to reduce the US corporate tax rate from 35% to 20%. […]
US US. stocks edged slightly higher yesterday, rising 0.1%, as investors await the release of the latest readings on inflation for clues on the Federal Reserve’s next policy move. In political news, renewed hope for a U.S. tax overhaul also helped the dollar, as the trade weighted currency increased for a third day. Trump administration officials and congressional […]
US § US equities suffered losses yesterday, falling 0.2%, led by weakness in energy names. § Exploration & Production companies were the leading decliners amongst energy names following disappointment about declining volumes and also the mix between oil and natural gas. § In bond markets today the focus will be on key jobs data released […]
Market Headlines US US equities rose within touching distance of record highs amid renewed optimism that the Federal Reserve would maintain a gradual path of policy normalisation, while the dollar steadied and US treasuries gave back some of the previous sessions gains. Oil prices rose for a fourth consecutive session, with Brent closing up 1.4% […]
Market Headlines US US equity and Treasury prices rose (yields fell) as markets digested dovish comments from Fed Chair Janet Yellen yesterday. The S&P 500 closed 0.7% higher, with Technology and Real Estate contributing the most gains. The Federal Reserve chair said US policymakers were watching inflation very closely given its failure to pick up […]