US The S&P 500 ended the week on a positive note on Friday, closing 0.5% higher. The index had been down as much as 1.1% intraday before a rebound in Healthcare, Consumer Staples and Technology stocks reversed the sell-off. Initial equity market weakness was caused by the announcement of global tariffs on steel and aluminium […]
US US. stocks sold off for the first time in three sessions and Treasuries slumped as investors weighed the potential for added interest rate hikes this year following Federal Reserve Chairman Jerome Powell’s assessment that the economy is strengthening and inflation could be gaining speed. Powell’s testimony raised the possibility that the Fed could rethink its plan for […]
US US. stocks rose to a nearly four-week high as continuing gains in Treasuries pushed yields further below 2.9%, alleviating investor angst that higher rates will accelerate fiscal tightening. The 10-year yield fell for a third straight day, reaching a two-week low. In policy news, Fed Chair Jerome Powell will appear before the House Financial Services […]
US US equities ended the week on a positive note on Friday, gaining 1.6% for the session. Strength was broad-based, with all 11 sectors finishing in positive territory. The dollar also resumed its upward trend, rising 0.2% against a basket of peers, leaving the greenback almost 2% higher from a three-year low touched a week […]
US The S&P 500 finished higher for a fifth consecutive session yesterday, rising 1.2%. Technology and Utilities were among the best performers for the session. The S&P 500 has gained 5% over recent sessions, recovering half of the initial 10% decline over the two weeks. Treasury yields continue to trade near four-year highs – the […]
US US equities closed higher for a fourth consecutive session yesterday, reversing early losses to settle 1.3% stronger. Financials and Technology were the best performing sectors for the day, while Utilities and Telecoms lagged. Stronger than expected US consumer price inflation data initially led to equity market weakness, adding to concerns that the Fed may […]
US US. stocks gained, rising 1.4%, with financial markets showing signs of recovery after the worst week in two years for American equities. The 10-year bond yield fell back from the four-year high hit early in the trading session as the dollar slipped. Stocks and bonds have been in a tug-of-war since a blowout jobs report early this […]
US US. equities ended their worst week in two years on a positive note, gaining 1.2% Friday, but rate-hike fears that pushed markets into a correction remain as investors await American inflation figures on Feb. 14. The S&P 500 fell 5.2% in the week, its steepest slide since January 2016, jolting equity markets from an unprecedented stretch […]
US US equities had a volatile session yesterday, extending weakness from Friday’s session by closing a further 4.1% lower. While all 11 sectors finished in negative territory, Financials and Health Care contributed the most losses for the session. The VIX index, a measure of implied equity US market volatility, rose to 35.3 yesterday, levels last […]
US The S&P 500 index declined by the most since September yesterday, falling 0.7% Yields on benchmark Treasury bonds touched the highest levels since early 2014 as traders gear up for a hectic week of data and policy announcements. The US dollar strengthened against all its major rivals. The FOMC meeting begins today, the final […]