Poor start to the week; Chinese shares weighed down: Asia Day Ahead

The major US indices started the shortened trading week in the red (DJIA -0.72%; S&P 500 -0.47%; Nasdaq -0.16%), although the significant narrowing of losses at lunchtime, especially for the Nasdaq, may still reflect some strength among buyers. The energy sector (-2.3%) weighed most heavily on the market’s performance overnight, reflecting a drop in oil … Read more

Asia Day Ahead: FED Chair Takes the stage with Breakneck Comments

Federal Reserve (Fed) Chair Jerome Powell took the stage yesterday with a series of hawkish comments and while Fed funds futures did not register much change in terms of interest rate expectations, US equities seem to take his words more seriously (DJIA -0.30%; S&P 500 -0.52%; Nasdaq -1.21%). The Fed Chair maintained his stance that … Read more