US The S&P 500 Index rose the most since April, gaining 1.1%, closing at a record high. The move came after hurricane Irma weakened and North Korea refrained from an expected missile test. The yield on the US ten year rose to 2.14%, its biggest one day jump since January. Yields have come under pressure […]
US The S&P 500 closed flat yesterday. Within sectors, Healthcare was the standout performer, gaining 1.1%, while Banks (-1.8%) and Insurers (-1.9%) were hit respectively by lower bond yields and concerns of damage from Hurricane Irma. 10-year US treasury yields moved to a new YTD low during the day yesterday, settling 6bps lower at 2.04%. […]
US US. stocks edged higher Wednesday, rising 0.3%, as energy stocks climbed with crude oil and shares of financial companies reversed some of Tuesday’s losses. Oil and Gas Sector stocks rose 5.9% yesterday following the 1.5% rise in the oil price. In economic news, President Trump agreed on a three-month debt-limit extension in the US […]
US US. stocks fell, declining 0.8%, ending a six-day rally, as tensions with North Korea mounted and another Atlantic hurricane threatened to make US landfall. In line with the move in stocks, U.S. 10 year Treasury yields fell amid lingering unease over North Korean plans for a ballistic missile launch, while Hurricane Irma threatened a region already […]
US US markets were closed yesterday for the Labour Day holiday. The S&P 500 rose 1.4% overall last week after gaining 0.2% on Friday. News surrounding the North Korea nuclear test over the weekend is likely to weigh on US stocks today. Europe European equities fell yesterday after a North Korea nuclear test on […]
US US Stocks gained 0.2% on Friday while Treasury yields rose leading to bond price declines. The moves followed a weaker than expected August payrolls report, a labour market measure that investors look to for an indication on Fed Policy direction. In other economic releases on Friday, U.S. factory releases reflected the fastest pace of […]
US US stocks closed higher for a fifth consecutive session yesterday, gaining 0.6%, with Healthcare the standout performer. The dollar oscillated between gains and losses yesterday as US Treasury Secretary Steven Mnuchin said a weaker currency is “somewhat better” for trade. Mnuchin also said that the Administration has a “very detailed” tax reform plan, adding […]
US US. stocks closed 0.1% higher yesterday, recovering from losses at the start of the session following North Korea’s firing of a missile over Japan. Despite no significant change in the US economic backdrop, investor concerns surrounding North Korea is translating into a weaker dollar and lower rate hike expectations. Yields on benchmark 10-year Treasuries fell to […]
US Equity markets began the week on a cautious note while the US dollar remained under pressure following the absence of monetary policy clues in Jackson Hole speeches last week. The S&P 500 finished broadly flat yesterday, with Healthcare and Technology the primary outperformers and Financials and Energy notable laggards. Oil prices fell 1.0% as […]
US US stocks had a moderately positive session on Friday following the highly anticipated Jackson Hole speeches from key central bank figures. The S&P 500 gained 0.2%, with Telecoms and Energy contributing the most gains. Oil prices moved higher as observants watched the progress of Storm Harvey towards Texas. Brent Crude settled 0.7% higher and […]