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 →
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 pointsRead More →
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 affectedRead More →
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,Read More →
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 thanRead More →
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 stockRead More →
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 itRead More →
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 100Read More →
Nasdaq closed up at: 9402 U.S. markets set yet another new record high yesterday, 23rd January 2020, as the Nasdaq climbed to a new high and set a new record to close at: 9402.48Read More →
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 – BoJRead More →