U.S. markets hit new highs

U.S. stocks record high

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 economic recovery. But this has also fuelled inflationary fears, interest rate concerns and pushed debt to new all time highs. Have the markets now been over cooked? New highs The Nasdaq on Wednesday 22nd June 2021 reached a new all time…

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U.S. stock markets set new record highs

Stock market record high

Dow and S&P 500 hit new all time highs! U.S. stocks climbed to record highs on Thursday, 11th March 2021 as a rebound in tech shares resumed and President Biden’s massive $1.9 trillion Covid relief package became law. The Dow finished up 188 points after rallying more than 300 points earlier intraday trading. Record breakers The Dow closed up to close at: 32485 and the S&P 500 also jumped to a new high to close up at: 3939. Massive fiscal stimulus, vaccination programme rollout and improving job data begin to…

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Markets slip as bond yields gain after Powell comments

Nasdag

Dow, Nasdaq and S&P 500 all down yesterday, Thursday 4th March 2021, as bond yields increase, then stabilise later The US 10-year Treasury yield rose close to 1.59% The Nasdaq lost 2.1% to close down at: 12723 as tech stocks were sold. The S&P 500 and Dow were also affected by the tech sell-off. The S&P 500 fell 1.3% and the Dow was also down 1.1% as financial and energy stocks managed to dodge the bullet. The FTSE 100 lost just 25 points. The Nasdaq has fallen 9.7% from its February…

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Stock markets gain again after bond yield movement

Stock markets up

After very recent stock market all time highs, the Dow moved back up again. S&P 500 followed suit after its retreat due to recent bond yield gains Dow closed up 600 points at: 31535 with intraday movement seeing over a 700 point rise. The S&P 500 closed up at: 3902, up 91 points on the day. Stocks climbed as confidence returned to markets, with investors shaking off concern about the impacts of higher Treasury yields. Longer term dated bonds continued their selloff even as ‘medium’ term maturities found support, with traders…

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Stock market talk of froth and bubbles

U.S. stocks record high

Are U.S. stock markets in bubble territory? The Dow Jones Industrial Average smashed its way to a new all-time high Wednesday gaining some 425 points to close at a record: 31962. The new high was reached after a volatile session that at one point saw the Dow intraday drop more than 110 points. Futures have since witnessed the Dow move above 32000 points. The move higher came as the Fed head, Jerome Powell allayed investor fears of inflation saying the central bank’s focus is on supporting the U.S. economy and employment…

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China’s stock market

China stocks

The retail investor China’s stock markets are primarily made up of retail investors – that is non professional investors – wealthy individuals, as opposed to institutional investors. It is reported that the retail investor in China own in the region of 80% of ‘A’ class shares on the Shanghai stock market. Retail trader This could easily mean that retail ‘trading’ would have a dramatic effect on market movements if sentiment becomes an issue. Chinese investors are also playing catch up with the rest of the world due to the holiday…

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Coronavirus affecting global trade?

China stock market

The World Health Organisation (WHO) will meet again on Thursday 30th January 2020 to decide whether to declare an international public health emergency over the coronavirus outbreak. Affect on businesses reported so far as global stocks react to the virus outbreak LVMH, owner of luxury brand Louis Vuitton says it has closed some stores in the Chinese city of Wuhan following the outbreak of the coronavirus. Transport links to Hong Kong closed. British Airways suspends flights to and from mainland China. The UK plan to move UK citizens out of…

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Stock Market News – Friday 24th January 2020

Stock markets up

UK FTSE 100 is cheerful today as data shows service sector returned to growth Purchasing Managers’ Index – PMI – for January came in at of 52.4, ( a sixteen month high) and up from December’s figure of 49.3. A figure of 50 or above indicates expansion. The FTSE 100 climbed to touch 7643 in early morning trade. EU – Eurozone manufacturing and services output remained stable The latest PMI surveys for the Eurozone show that manufacturing and services output growth remained stable in January. Purchasing Managers’ Index remained unchanged…

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Market news roundup in brief – Thursday 23rd January 2020

Stock Market

Scheduled events Australia unemployment data comes in far better than expected creating nearly 29,000 jobs against consensus of 15,000. EU – ECB interest rate decision due at: 12:45 GMT followed by monetary policy statement at: 13:30 GMT U.S. – Unemployment ‘jobless’ claim data due at: 13:30 GMT Japan – BoJ monetary policy meeting minutes due to be released today. Other market news China – Asian stocks fall on fear of virus outbreak spreading. UK Mothercare – closed all its 79 UK stores earlier this month, but is still trading as…

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