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

Gold Gains on Falling Yields, Nasdaq 100 rises to double top ahead of key tech scores

GOLD AND NASDAQ 100 OVERVIEW: Gold prices rise on Monday, supported by a weak US dollar and dropping Treasury yields. Meanwhile, the Nasdaq 100 slips on cautious market sentiment ahead of key corporate earnings, with Microsoft and Alphabet releasing quarterly results on Tuesday. This article looks at the key tech stocks to watch in the … Read more

Markets this week: Gold, Nasdaq, US Dollar; Earnings, US PCE, Euro-Zone and US GDP

The US dollar rose slightly while global equity markets were largely unchanged last week as a positive start to the earnings season was overshadowed by concerns that central banks are not yet done tightening. The MSCI All Country World Index was largely unchanged, and the US Dollar Index (DXY Index) rose 0.1%. In equities, the … Read more