TAG: Market update
US non-farm payrolls webinar: 2 February 2024
Stream the recording of our live US non-farm payrolls webinar that took place on Friday, 2 February 2024.Key takeaways from the latest announcement- The US economy added 353,000 jobs in January, according to the Bureau of Labor Statistics, far outstrippin...
7 months agoWall Street retreats from all-time highs as Fed holds rates unchanged, Alphabet tumbles
Stocks retreated on tech wreck: Wall Street pulled back from their record high levels as tech shares fell sharply following Microsoft and Alphabet’s less-than-impressive earnings results. Alphabet tumbled more than 7% due to disappointing Google ad revenu...
7 months ago
Wall Street higher to kick off the month, big tech earnings blow estimates
US stocks resumed gains: Wall Street climbed after the Fed-induced selloff as traders digested the “no March rate cut” indication. The last few big tech earnings, including Amazon, Meta, and Apple all beat expectations, with Amazon and Meta’s shares soari...
7 months ago
US non-farm payrolls: 8 March 2024
US non-farm payrolls: Friday, 8 March 2024Key takeaways from the latest announcement- The US economy added 275,000 jobs in February, according to the Bureau of Labor Statistics, surpassing expectations for 200,000 new payrolls.- The number of additional j...
6 months ago
Explosive moves: US small caps, ASML, TSMC, USD/JPY, and crypto
Financial asset prices often fluctuate between periods of stability and sudden, extreme movements. Investors may become impatient waiting for trend changes, only for prices to change dramatically in the blink of an eye, catching some investors off guard w...
2 months ago
How might upcoming elections impact markets?
Democracy, take a bow: 2024 is the year of the ballot box. At least 64 countries and the EU – or more than half of the world’s population – will have been able to vote in at least one election by the end of this year. Plebiscites to watch in the coming mo...
2 months ago
What impact will the UK election have on the pound and the FTSE 100?
With opinion polls suggesting that the general election on 4 July is likely to lead to a change of government after 14 years of Tory rule, many traders and investors are wondering what impact this will have on UK markets such as GBP/USD and the FTSE 100....
2 months agoIs a rising yen positive for the price of gold?
Last Thursday, the Bank of Japan may have intervened in the currency market to support the battered yen.This kind of intervention could be made easier in future with a possible change in US monetary policy from the Federal Reserve. In times of rising or h...
2 months ago
As China’s third plenum begins, here’s what you need to know
China’s third plenum begins this week, running from Monday to Thursday. China’s ruling Communist Party usually holds seven plenums every five years, and the third plenum has in the past been a forum for important economic and political announcements. This...
2 months agoWhat Kamala Harris could mean for the stock market
US president Joe Biden withdrew from the presidential election on Sunday, endorsing vice president Kamala Harris as the likely Democrat candidate, with betting offices seeing a 92% probability of her nomination. Meanwhile, Trump's chances of winning the p...
2 months ago
Market update: what’s next for US and European equity markets?
Yesterday, sentiment in equity markets swung sharply as traders and investors digested the implications of slowing global employment, substantial job cuts – as Intel [INTC] announced as many as 18,000 cuts – and a fresh rate-cut cycle following the Bank o...
2 months agoMarkets in sell-off mode – is this a repeat of the 1987 crash?
The first modern global financial crisis, Black Monday, occurred in the autumn of 1987, when the Dow Jones plummeted 22.6% in a single day – the largest single-day drop in history. This event exposed the interconnectedness of global financial markets and...
2 months ago
Market update: Weak yen helps markets rally
After a day of turmoil and significant losses, equity markets rallied overnight, helped by weakness in the Japanese yen, as the unwind of the so-called “carry trade” appears to have slowed, for now at least.A weaker yen supports Japanese equity indices an...
2 months ago
Market update: Global markets simmer down
Global markets were calmer overnight, and sentiment improved further as the Bank of Japan indicated that it wouldn’t raise interest rates in the country in a period of market turbulence. However, US banking giant JP Morgan warned yesterday that in its opi...
2 months ago