US equities reversed early losses yesterday to settle the session marginally higher following volatile moves in currency markets. The S&P 500 closed 0.1% higher, with Utilities and Healthcare contributing the most gains. In currency markets, the dollar fell as low as $1.2536 against the euro immediately after the ECB press conference (as Mario Draghi’s comments […]
US US equities gained 0.8% following the conclusion of the short-lived government shutdown yesterday. Telecoms, Energy and Consumer Discretionary were among the best performing sectors for the session. Senate Republicans and Democrats reached an agreement on spending and immigration allowing the passage of a stopgap bill to keep the government open until February 8, putting […]
US US. stocks rose to fresh highs as companies continued to indicate the tax overhaul will boost earnings this year. The S&P 500 Index posted its biggest gain since November rising 0.9%. Taxes drove much of the action. Financials were strong after Bank of America beat estimates and indicated that it could benefit from the U.S. […]
US US stocks resumed their upward momentum yesterday as the S&P 500 rose 0.7%, led higher by gains in Energy stocks. US bond markets were calmer yesterday as reports that Chinese government officials recommended buying less US debt were deemed to have been misinterpreted. The yield on 10-year government bonds traded 1bp lower (prices rose). […]
US 2018 has begun on a positive note from an equity perspective, with the S&P 500 +2.6% last week, the best week for the index since December 2016. US equities traded 0.7% higher on Friday, shrugging off the weak jobs figure, as gains in technology (+1.2%) and healthcare (+0.9%) offsetting marginal weakness in utilities and […]
US US bonds extended weakness from the previous session, the dollar moved lower against a basket of peers, while US equities were little changed yesterday. Moves in government bonds received the most attention once again. 10-year yields traded a further 4bps higher (prices fell), settling at 2.50%, translating into a 10bps move higher over the […]
US US stocks gained 0.5% yesterday, buoyed by optimism surrounding the tax reform agenda. Gains for the index were broad based across sectors, with Materials and Telecoms the standout performers and Utilities the primary laggard. Technology stocks also enjoyed a positive session, highlighted by the fact that the Nasdaq index broke the 7,000 level for […]
US US. stocks gained with the dollar as investors assessed messages from the Federal Reserve and European Central Bank meetings this week with concerns lingering about the prospects for U.S. tax overhaul. Uncertainty surrounding the fate of U.S. tax reform continues as investors look to the end of a stellar year for equities. Europe […]
US US equities traded higher, oil prices retreated from recent highs and the US dollar gained following better than expected US producer price inflation data. US headline producer prices rose 0.4% last month, higher than expected, for a yoy increase of 3.1%. Core inflation (excluding food and energy) rose 2.4% yoy, it’s fastest pace since […]
US US. stocks rose as investors evaluated the outlook for a final tax bill, while the dollar advanced for a fourth day and oil rebounded from its worst selloff in two months. The S&P 500 ended a four-day losing streak, rising 0.3%, with industrial and consumer discretionary shares among the best performers in a modest but broad rally that […]