US Equity Market Trading Update
US stocks lost steam today, despite the release of better-than-expected second-quarter GDP figures and jobless claims data.
The US Commerce Department reported that America’s economy shrank by a less-than-anticipated annual rate of 1% in the second quarter of this year, as a surge in government spending mitigated a record decline in inventories. The decline in GDP [...]
UK Equity Markets Retreat
The pressure of recent gains – which had taken UK and US markets to their best levels of the year – coupled with some poor earnings figures, proved too much today as UK equity markets retreated.
The FTSE 100 struggled for momentum all day after the energy sector was hit by poor profit announcements. Antofagasta [...]
Optimism on US Market Trading
As soon as there is fear of a stock market correction something good happens and stocks rally. This theme has gone on for a few months now, and it has happened again today.
The release of better-than-expected US consumer confidence and housing market data provided US equity markets with another shot of adrenaline this afternoon; the [...]
American Financial Trading Update
US stocks continued to add to last weeks gains, as banks and resource shares prolonged their rally.
‘You’ve moved to a stage where investors accept that it’s a bull market and are worried that they’re missing it,’ said Hugh Johnson of Albany. ‘The underlying economic numbers confirm that it’s a bull market.’ [1]
Recovery hopes continued [...]
US Financial Markets Continue to Rise
Wall Street’s ascent remained intact today, as an unexpected expansion in Germany’s services and France’s manufacturing industries lifted investor morale.
A surge in existing US home sales fuelled optimism, giving US equity markets the ammunition to move to levels last seen between October and November 2008. By around 3:30pm, the Dow Jones Industrial Average had shot [...]
US Equity Market Trading News
US equity markets commenced the trading session in the red, as a report released this afternoon revealed that the embattled American labour market is struggling to recover.
Wall Street managed to recoup its earlier losses within the first hour of trading, however, after AIG announced that it plans to pay back the government. The release [...]
UK and US Financial Markets News
Financial stocks were in vogue this afternoon, with the likes of Bank of America, Citigroup and JPMorgan up by more than 1% to $16.79, $4.04 and $41.49 a share respectively. Goldman Sachs rose 1.9% to $160.21 after Pali Research upped its recommendation to ‘buy’ and said it anticipates continued strength in Goldman’s fixed income business.
Credit-card [...]
US Share Trading Update
Wall Street opened modestly higher this afternoon, following steep declines in the previous session, as bargain hunters scoured the market in search of attractive opportunities.
Financial stocks were in vogue this afternoon, with the likes of Bank of America, Citigroup and JPMorgan up by more than 1% to $16.79, $4.04 and $41.49 a share respectively. [...]
American Markets Update
Wall Street opened sharply lower today despite the release of upbeat regional manufacturing data in the US. A report released this afternoon revealed that manufacturing in the New York region expanded for the first time in more than a year.
The Federal Reserve Bank of New York’s general economic index rose to a reading of [...]
Dow, S&P 500 and US Markets Report
The Dow and S&P 500 commenced the day’s trading session in the red, as investors locked in profits for fear the rally had gone too far.
There seems to be a growing consensus that we have come up too far too fast; Charles Knott, of Knott Capital Management, today told Bloomberg news that he thinks [...]