Official PMI data shows dip in reading An official report released 30th June 2021 of China’s factory activity is reported to have recorded a slight drop, as a shortage in computer chips and power problems slowed production. China’s official manufacturing purchasing managers index (PMI) – fell to 50.9 from 51.0Read More →
The S&P 500 and the Nasdaq moved into uncharted waters at close of business yesterday, 29th June 2021 both claiming new records New all time highs reached! The Nasdaq closed at an all time record high of: 14528 The S&P 500 closed at an all time high of: 4292 ButRead More →
Pullback threat With the U.S. stock market now at record highs, is the threat of a pullback outweighing investor sentiment? Will the U.S. stock market rally continue from current levels? These excesses can’t go on forever – or can they? Record highs The DOW is trading just off an allRead More →
Investors appear less worried by inflation and interest rates… for the moment S&P 500 & Nasdaq set new record highs The S&P 500 rose on Friday and again Monday building on its rally to reach record highs, as investors ‘bet’ that higher inflation will be temporary as the economy continuesRead More →
Microsoft reached a valuation on Thursday 24th June 2021 of $2 trillion, becoming only the second U.S. company to do so, Apple being the first Achievement Microsoft became only the second U.S. company to close a trading day with a valuation above $2 trillion, joining Apple in an exclusive club.Read More →
S&P 500 record The S&P 500 climbed close to 0.6% to hit a new record closing high of 4266 reclaiming its previous record from 14th June and fully recovering the losses triggered by the Federal Reserve’s surprise policy pivot. Comments from Fed Chair Jerome Powell Tuesday reiterated that inflation pressures shouldRead More →
U.S. markets climbed to new highs Wednesday as the post pandemic upward momentum gained strength As the U.S. economy re-opens at break neck speed, financial rewards continue to flood the stock market. U.S.monetary and fiscal policy backed up with a tsunami of Fed ‘easy’ money have dramatically helped the economicRead More →
UK inflation jumped to 2.1% in the year to May As the UK economy opened up – consumer spending increased. The Consumer Prices Index (PCI) measure of inflation climbed from 1.5% in April, according to the Office for National Statistics (ONS), driven by the rising cost of clothes, fuel, foodRead More →
The only way is… up? The Nasdaq reached a record high on Monday 14th June 2021 as investors were tempted back into growth stocks ahead of a Federal Reserve two day meeting due to start on Tuesday 15th June 2021 Nasdaq The Nasdaq tech loaded index climbed 0.7% to anRead More →