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The global economy is now entering a more mature phase of the economic cycle when growth momentum peaks and central banks begin to withdraw support. Against this backdrop, equity returns are expected to be more muted but still positive, supported by solid corporate earnings.
US stocks started the week higher, now well off their March lows as investors largely overlooked risks to US economic growth. The Dow Jones edged 0.3% higher, despite being in the red for most of the session, while the S&P 500 was up 0.7% and the Nasdaq Composite, which dropped midday Monday, was 1.3% higher. Consumer discretionary led the gainers, while the energy sector lagged. European markets meanwhile ended mostly higher with automakers and defensive stocks among the best performers.
All three major US stock market averages notched their second winning week, with energy topping Friday’s sector leaderboard. The sector helped the S&P 500 to a 0.5% gain on Friday and a 1.8% rise for the week, while the Nasdaq fell slightly on Friday but led the major indices for the week with a 2% rally as the Dow Jones ticked up 0.3%. European shares posted gains on Friday but ended lower for the week.
US stocks recovered on Thursday, with the Dow up more than 300 points, the S&P 500 rising 1.4% and the Nasdaq almost 2% led by gains in sectors that take advantage of economic recovery including materials and chipmakers. Meanwhile, European stocks bounced off session lows to end little changed.
All three major US stock indices ended more than 1% lower on Wednesday as oil prices jumped and Western leaders began gathering in Brussels to plan more measures to pressure Russia to halt its conflict in Ukraine. The financial, healthcare and technology sectors led the decline, while energy and basic materials stocks outperformed. European stocks also fell about 1%, snapping a five-day rally.
US equities rebounded from some of the losses seen on Monday that came in the wake of hawkish comments from Fed Chairman Jerome Powell. The Nasdaq led Wall Street’s main indices higher, rising nearly 2%, as investors bought the dip in technology stocks, including Apple, Microsoft, Amazon.com, Meta Platforms and Alphabet. The Dow Jones Industrial Average rose 0.74% and the S&P 500 gained 1.13%. European markets were also higher with the Euro Stoxx 50 up 1.14% for the day.
Wall Street closed lower on Monday, with stocks extending their slide after US Federal Reserve Chairman Jerome Powell hinted at a more aggressive tightening of monetary policy than previously anticipated. While all three major US stock indices ended well off session lows, they snapped four-session winning streaks on the heels of their biggest weekly percentage gains since early November 2020. European stocks also ended mostly lower with the benchmark Euro Stoxx 50 Index down 0.5%.
US stocks closed higher on Friday, extending the recent volatile momentum but booking the strongest weekly gains since November 2020. The Dow ended the week up 5.4%, while the S&P 500 and the Nasdaq gained 6.2% and 8.2%, respectively. European equities were also higher for the week with the Euro Stoxx 50 notching a gain of 4.8%, its second consecutive weekly gain.
Major US indices rebounded from early session losses on Thursday to close higher for the third straight session. Investors continued to digest the Federal Reserve’s latest signal of six interest rate hikes this year, while keeping an eye on volatile commodity prices as a Kremlin spokesperson said that reports of significant progress in Ukraine peace talks were “wrong”. Meanwhile, European stocks were broadly flat for the day.
The S&P 500 closed up more than 2% while the Nasdaq rallied almost 4% on Wednesday as investors shrugged off initial jitters following the US Federal Reserve’s interest rate increase and its signal that more hikes would be need to fight inflation. Earlier European markets also rallied strongly with the Euro Stoxx 50 up 4.0% followed by the DAX at 3.8%.
The three main Wall Street indices rallied on Tuesday, a day before an expected interest rate hike by the US Federal Reserve, while oil prices dropped 7% on hopes of an end to the conflict in Ukraine. The Dow Jones Industrial Average rose 1.82%, the S&P 500 gained 2.14% and the Nasdaq Composite added 2.92%. Meanwhile, European equities, which had been rebounding in recent sessions, dipped after China reported a jump in coronavirus cases and new restrictions.
Major US stock indices closed mostly lower on Monday, led by a more than 2% drop in Nasdaq, as investors sold tech and big growth names ahead of this week’s Federal Reserve meeting and an expected hike in interest rates. The Dow ended flat, with financial and healthcare shares giving the index some support. Meanwhile, European shares maintained their outperformance, with the Euro Stoxx 50 advancing by another 1.5% and the DAX recovering another 2.2%.
Signs of progress on the diplomatic front in Ukraine has clearly rekindled risk appetite on financial markets last week, despite erratic and wide-raging variations. Wall’s Street weekly performance was disappointing, but in Europe, the Euro Stoxx 50 gained 8.4%. This is despite persistent uncertainties about the Russian-Ukranian conflict and the ECB’s hawkish tone, due to growing inflationary pressures.
Global equity markets slid on Thursday as US inflation hit almost 8% and the European Central Bank sped up the end of its massive stimulus program.
Global stock markets rallied in Europe and North America on Wednesday after three straight days of selling as investors looked optimistically toward a possible de-escalation of the Russia-Ukraine war, with foreign ministers from both countries set to meet in Turkey later today. The day was market by significant gains in the major European indices, with the DAX, CAC 40 and Euro Stoxx 50 all rallying by over 7%.
US equity markets ended lower again on Tuesday with the S&P and Nasdaq closing 0.7% and 0.3% lower. Sectoral losses were led by Consumer Staples and Healthcare, down over 2% each. European markets took a breather – the DAX and FTSE were flat while the CAC was down 0.3%.
Wall Street’s main indices fell sharply on Monday, with the Nasdaq Composite confirming it was in a bear market, as the prospect of a ban on oil imports from Russia sent crude prices soaring and fueled concerns about rising inflation. Amazon, Microsoft and Apple were among the top individual drags on the S&P 500 while the financial sector fell 3.7%. European markets proved a bit more resilient after sharp drops at the start of the trading but still ended the day in the red.
Stocks fell on Friday to close another down week, as investors worried that risks surrounding Russia’s was on Ukraine may be spinning out of control, and oil prices skyrocketed after the White House said it was considering a ban on imports of Russian crude. US equities failed to hold early gains that followed stronger than expected US jobs data, as the major market indices succumbed to investors jitters ahead of the weekend, with the Dow Jones and S&P 500 each falling 1.3% for the week, and the tech-heavy Nasdaq Composite tumbling 2.8%. European markets also ended sharply lower with the DAX and CAC, down 4.4% and 5%, respectively.
Wall Street ended lower on Thursday, with growth stocks denting the Nasdaq. The Dow Jones Industrial Average fell 0.29%, the S&P 500 shed 0.53%, while the Nasdaq Composite dropped 1.56%. Meanwhile European markets fell sharply yesterday, with Germany’s DAX down more than 2% to a 13-month low. Across sectors, travel and retail stocks were the worst performers while mining shares gained.
Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared. All the 11 S&P 500 sectors advanced, with financials jumping 2.6% after falling sharply so far this week. The Dow Jones Industrial Average rose 1.79%, the S&P 500 gained 1.86% while the Nasdaq Composite climbed 1.62%. European markets also recovered some of Tuesday’s losses with the DAX and the CAC up 0.7% and 1.6%, respectively.
Wall Street ended sharply lower on Tuesday, with financial stocks bearing much of the damage for a second straight day as US 10-year Treasury yields slumped to five-week lows amid a flight to safe-haven debt. European market sustained ever bigger losses with the DAX down 3.5% to a one-year low below the 14,000 level.
US markets ended mixed yesterday, with the Dow Jones slipping 169 points, the S&P 500 closing down 0.3%, while the Nasdaq rebounded 0.4%. Defense and cybersecurity stocks helped limit Nasdaq losses while the banks sunk drugging down the Dow Jones. Still, the three major US averages lost roughly 4% in February. Meanwhile European stocks ended a roller-coaster February lower. Shares of European banks suffered the sharpest declines on the region’s exchanges on Monday.
The stock market scored an amazing comeback last week, initially selling off on the deteriorating Russia-Ukraine situation, then rallying on optimism that the conflict could have only a minimal impact on the US economy. The S&P 500 closed the week with a 0.8% gain after falling as much as 5.5%, the Nasdaq Composite increased 1.1% after plunging as much as 7%, the Dow Jones nearly broke even after losing 5.3% midweek.
US stocks ended sharply higher on Thursday, led by a 3% gain in the Nasdaq, in a dramatic market reversal as US President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine. European markets which closed before the US sanction were announced, fell sharply with the DAX and CAC down 4% and 3.8%, respectively.
Wall Street’s main indices fell on Tuesday, with the S&P 500 confirming a correction, as the Ukraine-Russia crisis kept investors on edge after Russian President Vladimir Putin recognised two breakaway regions in the country and ordered troops to the area. Similarly European stocks ended a roller-coaster session mostly lower, with the DAX 30 falling for a fifth consecutive day to its lowest closing level since March 2021.
Global stocks hit three-week lows and oil rose on Monday as worries increased that Russia will invade Ukraine. European stocks dropped 1.65% to their lowest in more than four months. Shares in companies exposed to Russia and Ukraine fell heavily. Markets in the United States were closed for a holiday.
US stocks closed lower on Friday to wrap up a second straight week of losses, as investors sought safety from the tensions between Russia and Ukraine ahead of the long Presidents Day weekend. War worries outweighed news that otherwise might have lifted investors’ spirits, including an increase in sales of previously-owned homes last month and comments from key Federal Reserve officials suggesting that the central bank might raise interest rates by a quarter point rather than a half point. For the week, the S&P 500 fell 1.6%, the Nasdaq Composite closed down 1.8%, and the Dow Jones average slid 1.9%.
US stocks slid on Thursday, with the S&P 500 marking its biggest daily percentage drop in two weeks, as investors shifted to defensive sectors and safe havens such as bonds and gold as geopolitical tensions between Washington and Russia over Ukraine flared.
Wall Street bounced off session lows Wednesday with the S&P 500 crossing into positive territory by the closing bell after the US Federal Reserve released meeting minutes, which said that while the central bank intends to begin raising interest rates to combat inflation, its decisions would be made on a meeting-by-meeting basis. Meanwhile European markets ended broadly flat for the day.
Wall Street ended sharply higher on Tuesday, as signs of de-escalating tensions along the Russia-Ukraine border sparked a risk-on session. All three major indices notched solid advances, with tech providing the biggest boost and putting the Nasdaq, which gained 2.5%, out front.
US equities closed mostly lower on Monday, with the Dow down 170 points, S&P 500 shedding 0.4%, and the Nasdaq near the flatline, in a session dominated by fears of imminent war in Eastern Europe and anxiety over the US Fed’s next move. The US embassy in Kyiv is relocating its operations to Lviv in the west of Ukraine amid a rapid buildup of Russian troops near the border, while Russia’s Foreign Minister Lavrov suggested he was ready to keep using diplomacy to defuse tensions. European stocks were hit particularly hard earlier in the day with the pan-European Stoxx 600 index declining by 2.7%.
Stocks fell sharply on Friday as rising fears of a Russian invasion of Ukraine added to a spike in near-term inflation expectations and weakened consumer sentiment. For the week, the Dow Jones average fell 1%, S&P 500 shed 1.8% to fall back below its 200-day moving average and the Nasdaq Composite retreated 2.2%.
Major global stock indices fell on Thursday under pressure from crucial US inflation data, falling technology shares and rising benchmark bond yields. On Wall Street, the Dow fell 1.5% on Thursday, while the S&P 500 and Nasdaq Composite lost 1.8% and 2.1%, respectively. The latter are now down about 5% and 9%, respectively for 2022. The pan-European Stoxx 600 also fell after clinging to gains throughout most of the session.
Big Tech gave major U.S. stock indexes a boost on Tuesday and European shares ended largely unchanged as a sharp fall in oil prices took the shine off bumper profits from oil company BP.
Wall Street shares finished broadly lower on Monday, while European stocks rose following five straight weeks of declines.
The S&P 500 and Nasdaq Composite erased early losses to finish higher Friday to conclude their best week so far this year, led by continued strength in quarterly earnings reports and a better than expected January jobs report. For the week, the Dow Jones added 1.1%, the S&P 500 gained 1.5%, and the Nasdaq jumped 2.4%. In Europe, all main bourses tumbled on Friday, as investors began expecting central banks to tighten monetary policy quickly to tame inflation and cool a rapidly growing economy.
US equity markets dropped sharply on Thursday, snapping a four-session winning streak after Meta Platforms’ dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech. European markets were also lower with major indices in the region losing in excess of 1%.
Global stocks rallied on Wednesday to close higher as strong earnings from US technology companies and OPEC+ plans for moderate oil output helped to counter jitters over weak economic reports. The Stoxx index of 600 European companies rose 0.45%, up for a third straight session, to recoup nearly half its losses during January’s global rout in shares. On Wall Street, the Dow Jones rose 0.63%, the S&P 500 gained 0.94%and the Nasdaq Composite added 0.5%.
All three Wall Street benchmarks advanced on Tuesday although seesaw trading reflected investor uncertainty about how to play the current market. Similarly European stocks closed the first session of February on a strong foot with gains of 1.1% for the Stoxx 600 index.
US stocks surged for a second day Monday at the end of a volatile month for Wall Street where the tech-heavy Nasdaq (down 8.9% in January) narrowly avoided its worst ever start to the year and the S&P 500 (down 5.3% in January) recorded its weakest January performance since 2009. Consumer discretionary was the worst performing sector in January, slipping 9.7% while the energy sector was the only segment that ended the month in positive territory, aided by oil hitting their highest level since October 2014. European stocks closed marginally higher on Monday, with the Stoxx 600 up 0.6%. On a monthly basis, the Index shed 4%, in its worst month since October 2020.
Stocks ended on a high note Friday with a furious late rally to wrap up a roller-coaster week, as a strong earnings report from Apple helped technology stocks rebound from the beating they had suffered so far this year. The S&P added 2.4% for its best session since June 2020, the Dow Jones average swung from an early 350-point loss to end with a 565-point gain, and the Nasdaq Composite surged 3.3% but still remains on track for its worst month since the 2008 financial crisis. For the week, the S&P and Dow rose roughly 1% while the Nasdaq ended flat, offering no hint of the volatility that happened along the way. In Europe, the Stoxx 600 fell 1.8% for the week, the fourth straight weekly loss for the pan-European index.
Wall Street gyrated wildly on Thursday with all three major indices ending lower for the day. The S&P 500 once again narrowly avoided correction confirmation at the end of a session marked by a rally, selloff and recovery as investors juggled positive economic news with mixed corporate earnings, geopolitical unrest and the prospects of a more hawkish Federal Reserve. Equity markets in Europe closed higher on the back of an upbeat earnings season.
The S&P 500 ended lower on Wednesday, taking an abrupt nosedive that reversed earlier solid gains after the Federal Reserve released a hawkish statement at the conclusion of its two-day policy meeting. All three major U.S. stock indexes gyrated wildly in the final minutes of a session that ended with the Dow joining the S&P in negative territory and the Nasdaq eking out a nominal gain. European markets recovered sharply yesterday with the DAX, CAC and FTSE up between 1.3% and 2.2%.
US stocks ended lower on Tuesday with interest rate sensitive tech stocks weighing most heavily as uncertainties surrounding an increasingly hawkish Federal Reserve and rising geopolitical tensions contributed to the market’s churn. In a pattern similar to Monday US stocks whipsawed between steep losses and modest gains. Equities ended well off session lows, where the S&P flirted once again with confirming a correction. European markets recovered partially from Monday’s decline with gains capped to less than 1%.
US stocks turned positive at the of end a volatile session on Monday, after trading sharply negative, amid a spike in volume with dip buyers emerging after a sell-off triggered by investors dampening risky assets ahead of the US central bank meeting later this week. The Dow Jones added as much as 100 points after plunging more than 1,100 points at the lows of the session, the S&P gained 0.3%, and the Nasdaq rose 0.6%, after being down 4.9%. Meanwhile European stock markets closed at multi-month lows, in what was the worst session since 26th November.
Stocks capped their worst week in nearly two years with another record of intense choppy trading on Friday, sending the S&P 500 tumbling below its 200-day moving average, a level of support that had held up since May 2020. Both the S&P and Dow closed out their third straight week of losses, down 5.7% and 4.6% respectively, while the Nasdaq Composite plunged 2.7% Friday and 7.6% for the week, its worst weekly decline since March 2020. European shares were relatively more resilient but still dropped 1.5% for the week.
A rebound on Wall Street fizzled on Thursday as investors lost conviction that an early rally had legs, with the Nasdaq and S&P 500 both falling more than 1%.
Wall Street’s main indices ended lower by around 1% on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher US Treasury yields and the Federal Reserve tightening monetary policy. European markets bucked the trend, closing mostly higher as strong earnings updates from the like of Burberry, Richemont and ASML pleased investors.
Wall Street sold off sharply on Tuesday driven by surging bond yields and earnings misses. The tech-heavy Nasdaq led the declines after falling 2.6% to its lowest level since October. European equity markets closed roughly 1% lower.
European shares recovered from Friday’s losses on Monday as investors focused on company earnings and US Federal Reserve policymakers entered a quiet period ahead of their meeting next week. Markets in the US were closed for a public holiday.
Stocks wrapped up their second straight losing week on Friday albeit the major US indices ended the day in the green notwithstanding uninspiring bank earnings that marked the start of the earnings season. For the week, the S&P 500 fell nearly 1%, while the Dow and Nasdaq finished slightly in the red. In Europe the Stoxx 600 index was down 0.7% for the week.
Nervous global stock markets tumbled on Thursday after a drumbeat of hawkish remarks from Federal Reserve officials made clear that US interest rates could rise as soon as March, putting an end to ultra-easy monetary conditions. The three major US averages lost between 0.5% to 2.5%, with the Nasdaq being the relative underperformer. Meanwhile European equity markets ended mostly flat, pausing a two-day advance as losses in defensive stocks were matched by gains in automakers and technology stocks on hopes of improving semiconductor supply.
US stock indices rose on Wednesday after data showed that while US inflation was at its highest in decades, it largely met economists’ expectations, cooling some fear that the Federal Reserve would have to pull back support even more forcibly than already expected. The S&P 500 and the Nasdaq outperformed the Dow as growth stocks outperformed value. In Europe, markets extended gains for a second session as investors welcomed upbeat earnings from a number of continental companies.
US stocks indices gained ground on Tuesday with Nasdaq leading the advance as investors were relieved that Federal Reserve Chair Jerome Powell’s testimony to Congress did not include any major surprises. The technology-laden Nasdaq closed up 1.4% making its biggest daily gain so far this year while the S&P snapped a five-day slump.
Wall Street’s three major indexes staged a late-session comeback on Monday as the Nasdaq managed to eke out a tiny gain and investors swooped in to hunt for bargains, while the S&P 500 and the Dow Jones Industrial Average finished well above their session lows. In Europe, markets ended lower extending their first weekly drop in three weeks.
Stocks ended a rough week, with money flowing out of growth stocks and into value stocks as Treasury yields surged across the board. The Nasdaq 100 Index fell for a fourth straight session Friday, concluding its worst week since February, as investors reconsidered high-flying tech stocks as rates rise. For the week, the Nasdaq plunged 4.5% and the S&P 500 sank 1.8%, while the Dow Jones was off only 0.3%. But the S&P closed just above its 50-day moving average, a key technical reading that has attracted dip buying in the past. Major indices in Europe were down for the week after reaching record highs in the early days of the year.
US stocks extended losses from the previous session on Thursday, with all three major indices closing marginally lower. Big tech stocks continued to decline as investors rotated out of high valuation names into rate-sensitive stocks after Fed minutes on Wednesday showed the central bank is ready to remove its economic support and hike rates sooner than expected. European stocks followed the negative narrative, falling from record levels.
US stocks ended sharply lower on Wednesday after the FOMC minutes showed the Fed will likely raise rates sooner than earlier anticipated and could reduce its balance sheet shortly after it raises rates. The Dow Jones sank 1.1%, after closing at a record level the day before; the S&P 500 lost 1.9%; and the Nasdaq finished 3.3% lower. Tech shares resumed the slide, as soaring Treasury yields raised concerns over tech valuation. Meanwhile, European equity markets closed at a fresh record level on Wednesday, led by gains in automakers as investors pile into cheaper sectors amid the prospects of higher interest rates.
US stocks traded mixed on Tuesday. The Dow Jones extended the record rally, boosted by financial stocks gains amid expectations of higher yields, while investors kept betting on stocks that would benefit from a robust economic recovery. Meanwhile, the S&P swung between gains and losses, to finish little changed around a record high. On the other hand, the tech-heavy Nasdaq Composite dropped 1.2% as tech losses dragged the index amid a spike in bond yields. Meanwhile European stocks extended gains, with the pan-European Stoxx 600 closing at a new record.
Wall Street’s New Year optimism overpowered concerns about the coronavirus and inflation on Monday, with US and European equity markets advancing in parallel. Both the S&P and Dow Jones closed at a record high after rising more than 0.6%, while the Nasdaq Composite jumped 1.2%. European shares also made new highs, on hopes of steady economic recovery.
The major US averages traded lower for the last session of 2021 after some late selling action, but closed out the year with strong gains. The S&P 500 Index fell 0.3% and ended December about 4.5% higher, the third-best month of the year and best December since 2010. For the year, the S&P 500 Index was up about 27% to outpace the Dow and the Nasdaq by a wide margin.
Major global stock indices closed mixed on Wednesday as uncertainty over the surge in Omicron variant infections tempered optimism that harsh new curbs on business and travel may not be needed. After a weak session in Asian shares, European stock markets traded mixed. In the US, the Dow Jones and S&P 500 both closed at all-time highs. The Dow has risen six straight trading days, in the longest winning streak since a seven-session run from March 5-15 this year. However, the Nasdaq Composite edged lower.
US stocks traded mixed on Tuesday amid low liquidity with the S&P 500 swinging between small gains and losses, and closing 0.1% below a record high hit on Monday. Meanwhile, Europe’s major stock indices closed higher, with Germany’s DAX at a five-week high, the pan-European Stoxx 600 near record highs and France’s CAC 40 at a fresh all-time high.
Main US stock indices rose sharply on Monday after an extended Christmas break as traders remained optimistic that the new variant outbreak will not derail the economic growth. The Dow remained just 0.4% from its record high, the S&P extending gains to a new record high, and the Nasdaq Composite jumped to the highest since mid-November. In contrast, European markets were slightly higher in a holiday-thinned trading session with many markets still closed due to the Christmas festivities.
The major US averages recovered last week as concerns that the omicron variant would derail economic growth receded, with president Biden saying that the US will not go back to lockdown. Hopes that the massive democratic spending bill will be revived also lifted sentiment as president Biden insisted that he and senator Manchin will “get something done”. Meanwhile, European markets were muted on Christmas Eve amid thin trade.
US stock indices closed broadly higher on Wednesday after investors cheered positive economic data and the White House said it was resuming talks on a massive social spending and climate change bill with a holdout senator. The positive sentiment helped European markets edged higher as well after trading mixed for most of the day.
Wall Street rose on Tuesday, recovering from a three-day losing streak as investors again turned to risky assets. The Dow Jones added more than 550 points, the S&P jumped around 1.8% and the tech-heavy Nasdaq Composite climbed 2.4%. Technology, retail, airlines, cruise lines and entertainment stocks led the gains. It was a similar story in Europe, with the main indices closing more than 1% higher, recovering from over two-week lows reached on Monday.
Global equity markets tumbled on Monday as investors dumped travel stocks, big tech, and other growth shares, amid rising virus cases and setback in President Biden’s social spending bill. The Dow ended down more than 430 points to the lowest since December 3rd. The S&P fell 1.1%, making the biggest 3-day drop since September while the Nasdaq declined 1.2%. In Europe, the Stoxx 600 erased 1.4%, with auto stocks leading losses, and Frankfurt’s DAX shedding 1.9%.
US stocks ended lower Friday, after a volatile session with a volume 30% higher than in the last month as investors assess a more hawkish shift in global monetary policy and the spread of Omicron. On the week, Nasdaq declined nearly 3% and the Dow and the S&P 500 slipped 1.7% and 1.9%, respectively.
European shares rose on Thursday after Britain and Norway hiked interest rates and the ECB trimmed its bond buying program. Elsewhere, US stocks ended in the red as the technology and consumer discretionary sectors took a hit following the Federal Reserve’s decision to accelerate its reduction in asset purchases, while Omicron variant infections continued to rise across the globe.
US stocks cut their losses and moved higher on Wednesday as the market got past one of the big uncertainties heading into year-end. The Federal Reserve signaled a more aggressive unwinding of its monthly bond buying, as expected by the market, and forecast multiple rate hikes on the way next year. The technology sector led the market rebound. In Europe, the major stock markets closed mostly above the flatline as investors were investors geared up for the Fed’s last meeting of the year.
US equity markets extended losses for a second consecutive session on Tuesday, led by a rout in technology stocks amid expectations of reduced stimulus and higher interest rates. Elsewhere, Europe’s major indices closed mixed, with Germany’s DAX underperforming its peers, as gains in basic resources and banks were partially offset by losses in tech and travel stocks.
The three major US indices fell in regular trading on Monday amid concerns around economic risks from the Omicron variant as well as central bank efforts to rein in inflation. The Nasdaq Composite led the declines as investors rotated out of technology stocks with high valuations into shares of Covid-19 vaccine manufacturers amid increasing demand for booster shots to fight the Omicron variant. Shares of airlines and cruise line operators also slumped amid fears that the new variant could slow travel. Meanwhile, European stocks erased early gains to trade near the flat line on Monday.
Wall Street closed lower on Thursday as investors banked some profits after three straight days of gains and turned their focus toward upcoming inflation data and how it might influence the Federal Reserve’s meeting next week. The Nasdaq was down more sharply than the S&P 500 while the Dow was virtually flat. Markets in Europe also closed lower, as investors weighed the impact of tougher Covid-19 restrictions in the UK on the region’s economic recovery, while fearing that other countries could follow suit.
Wall Street closed slightly higher on Wednesday with the three major indices managing their third straight day of gains after test data showed the Covid-19 vaccine from Pfizer and BioNTech offered some protections against the new Omicron variant. The S&P finished less than a point below where it closed before a steep sell-off. Elsewhere in Europe markets closed yesterday’s session in negative territory, with retail stocks leading losses.
US and European shares rallied on Monday after easing concerns about the Omicron coronavirus variant led investors to buy stocks that will likely perform well in a rising interest rate environment. Energy and banking were big movers in Europe while industrials and consumer staples were the S&P’s strongest sectors.
US stocks fell sharply on Friday, amid mixed economic data along with a series of hawkish remarks by Federal Reserve officials, while fears over the new Omicron Covid-19 variant mounted. The technology-heavy Nasdaq Composite plunged as much as 1.9% to the lowest since October 18th while the S&P dropped 0.9% to trade near levels not seen since October 15th amid a sharp fall in big techs stocks. Meanwhile European stock markets erased early gains and closed near 2-month lows.
Stocks on Wall Street reversed earlier session gains yesterday to close sharply lower, after the Centers for Disease A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a shifting pandemic. All three main indexes advanced, with investors favouring value over growth, and economically sensitive small caps and transports outperforming the broader market. By contrast, European markets ended lower yesterday, with tech stocks leading the decline as almost all sectors and major bourses slid well into the red.
Stocks on Wall Street reversed earlier session gains yesterday to close sharply lower, after the Centers for Disease Control and Prevention confirmed the first case of the Omicron variant in the US. The S&P closed 1.2% lower, after rallying more than 1.9%, while the Nasdaq Composite lost 1.8%. By contrast, European shares closed in the green, partially recovering from the multi-week lows hit in the previous session
Equities globally extended their decline yesterday following hawkish remarks from Federal Reserve Chair Jerome Powell and as concerns about the Omicron variant re-emerged. Stocks were pressured by remarks from Moderna’s CEO saying he expects existing vaccines to be less effective against the Omicron variant, along with Regeneron which likewise flagged the efficacy of its therapeutics on the new variant.
Markets staged a broad-based comeback on Monday that saw the S&P 500 jump 1.3% after President Joe Biden said economic lockdowns are currently off the table and there will be no new travel restrictions. European markets also ended higher on Monday, led by a recovery in the travel & leisure sector as investors waited for insight on the new coronavirus variant omicron and bought dips of Friday’s dramatic rout.
Investors will come back from the weekend looking to determine if the market sell-off tied to a new Covid variant is overdone or if the pandemic recovery timeline is being pushed back. In a shortened session on Friday, Wall Street fell by over 2% while in Europe losses were even higher.
All three main US indices rebounded on Wednesday ahead of the Thanksgiving holiday and a shortened-session on Equity markets in Europe closed mostly in the green on Thursday, with the DAX 30 bouncing back from a three-week low the previous day. US markets were closed yesterday on account of Thanksgiving holiday.
All three main US indices rebounded on Wednesday ahead of the Thanksgiving holiday and a shortened-session on Friday after earlier booking losses following the release of Fed minutes. Economic data gave investors much to think about over the holidays, with consumer spending rising more than expected in October and inflation remaining on an upswing. Elsewhere, European stock markets closed mixed yesterday, with Frankfurt’s DAX 30 hitting a new three-week low.
The S&P and the Dow Jones wavered along the session to close higher on Tuesday as gains in financial and cyclical stocks outweighed the tech losses. Meanwhile, the Nasdaq tumbled 0.5%, as higher yields dragged down the tech stocks. Elsewhere, European stock markets closed mostly in the red as concerns over potential new restrictive measures across Europe continued to weigh on sentiment.
US stocks waver on Monday with both the S&P 500 and the Nasdaq erasing earlier gains to close below the redline as higher yields weighted on growth stocks. Elsewhere, European shares were flat, under pressure from fears of a resurgent coronavirus pandemic.
Wall Street finished mixed Friday, as energy shares dragged down the S&P 500 index to a slight loss while strength in tech shares lifted that Nasdaq Composite to a record high. In Europe, the gains evaporated with Friday’s session
US stocks cut early session losses to close higher on Thursday as strong earnings outweigh inflation jitters. Both S&P and Nasdaq closed at a new record high fuelled by gains in technology and retailers’ shares.
US stocks drifted lower on Wednesday as inflation concerns outweighed upbeat earnings reports. Meanwhile European stocks closed barely unchanged, hovering at all-time highs.
US stocks marched toward a fresh record high on Tuesday as investor sentiment was bolstered by strong economic data and decent corporate earnings releases. In fact, by the close of trade, the S&P 500 had closed just a fraction beneath its all-time closing record, in a move that also brought the index’s year-to-date gains back above +25%, whilst Europe’s Stoxx 600 hit an all-time high as it posted its 16th gain in the last 18 sessions.
US stocks cut earlier session gains to close around the flatline on Monday, as higher yields weighed on tech stocks. There wasn’t a particular driver behind the declines, through Tesla weighed on sentiment after more Musk induced speculation about selling more of his holding permeated. European equities outperformed, with the Stoxx 600 reaching another record high, just as other indexes including the CAC 40 and the DAX ascended to fresh all-time high of their own.
Wall Street rallied on Friday, led by technology and communication services, but the major averages finished lower for the week on escalating inflation fears. Meanwhile, European shares closed their sixth straight week of gains at a new high on Friday, as strong results from Richemont rounded off a robust earnings season.
The S&P 500 stabilised yesterday after two successive days of declines thanks to a bounce back among the more cyclical sectors. Meanwhile in Europe, the advance was even more prominent, where the Stoxx 600, the DAX and the CAC 40 all reached fresh records.
Wall Street closed sharply lower on Wednesday, extending their losses throughout the day and adding to Tuesday’s sell-off as surging consumer prices curbed investor risk appetite, and stoked worries of a protracted wave of red-hot inflation. Meanwhile, European equities outperformed, with the Stoxx 600 up for the day to reach an all-time high, just as the DAX and the CAC 40 also hit new records.
The long equity advance finally petered out yesterday as the S&P 500, the Nasdaq and Europe’s Stoxx 600 all fell from their record highs in the previous session although the equal weighted S&P 500 was almost flat, showing that there wasn’t huge breadth to the US weakness.
US stocks rose Monday following the passage of President’s Joe Biden’s infrastructure bill, extending last week streak of record highs.
Stocks rallied to fresh record highs Friday following a stronger than expected jobs reported. All three major market indices closed at new all-time highs, even after a late drop in tech stocks. For the week, the S&P 500 gained 2%, pushing its year-to-date gains to 25% while the Nasdaq rallied 3.1% for its best weekly showing since April.
Markets had another buoyant session yesterday as they received a dovish surprise from the Bank of England. In response, markets shifted gear and pushed back pricing of future rate hikes, which in turn lead to a sharp rally across the curve in sovereign bond markets in major economies. And with investors lowering the odds of a near-term removal in monetary policy support, equities took another leg higher, with the S&P 500 advancing for the 15th time in the last 17 sessions to reach a fresh all-time high.
Wall Street’s main indices extended gains on Wednesday to close at a new record high for the fourth consecutive session after the Fed said it will begin winding down its monthly asset purchases later this month but gave no clue on the timelines of rates hikes. Positive data supported European markets ahead of the Fed, where the Stoxx 600 advanced to hit another all-time high.
World shares continued to perform strongly and a number of major indices climbed to fresh all-time highs yesterday. The S&P 500, the Nasdaq, the Dow Jones and Europe’s Stoxx 600 all hit new records, whilst France’s CAC 40 exceeded its previous closing peak made all the way back in 2000. Positive earnings news helped bolster those indices.
Risk assets got off to a strong start to the month as a range of global equity indices advanced to all-time records yesterday, including the S&P 500, the Nasdaq, the Stoxx 600, and the MSCI World Index.
The Standard & Poor’s 500 index rose 1.3% last week, lifting October’s monthly advance to 6.9%, as US corporations’ Q3 financial results continued to come in mostly above estimates. In Europe, the Euro Stoxx 50 ended the month 5.0% higher after registering its highest percentage gain since March 2021.
Another string of positive surprises lifted stocks yesterday, with the Nasdaq and S&P 500 reaching yet another record high.
US equities traded mixed on Wednesday as some meaningful losses from social media companies Twitter and Snap and index giants Visa and Mastercard weighed on the markets. Meanwhile, Microsoft and Google pushed to all-time highs on better-than-expected Q3 results. In Europe stocks saw a weaker session as Germany cuts its growth forecast for 2021 from 3.5% in April to 2.6% yesterday on the back of supply disruptions.
Strong earnings and a number of positive surprises in an array of economic data helped push the S&P 500 and the Dow Jones Industrial to new record highs, while the Nasdaq fell short of beating its record set on 30th September. On the other side of the Atlantic, European equities notched solid gains as well, with most major European markets finishing well in the green territory, lifting the Euro Stoxx 600 just a fraction below its record high.
Major equity indices marched higher yesterday, with the small cap Russell 2000 and Nasdaq Composite both outperforming the S&P 500. Meanwhile European equities were almost unchanged.
US equities remained resilient with the S&P 500 posting a 7th consecutive advance to hit an all-time high for the US equity markets closed last week in positive territory with gains of over 1%. The Dow Jones closed higher on Friday, reaching a new high while the S&P 500 and Nasdaq both had a negative end of week session.
US equities remained resilient with the S&P 500 posting a 7th consecutive advance to hit an all-time high for the first time in 7 weeks. Other indices forged ahead too, with the Nasdaq moving to just -1.04% beneath its own all-time record. In Europe the major indices were weaker with the Stoxx 600 retreating ever so slightly, but it still remains only -1.29% beneath its August record.
Another day of positive earnings has now put the S&P 500 just a whisker below early September’s record high. This has come even as investors have become increasingly sceptical about the transitory inflation narrative, as well as fresh sings that Covid-19 might be a serious issue once again this winter.
Whilst inflation concerns are still very much bubbling under the surface of markets, risk appetite strengthened further yesterday thanks in no small part to decent earnings reports. The S&P 500 advanced for a 5th consecutive session to leave the index just 0.38% beneath all-time closing high from early September. Earlier Europe’s Stoxx 600 also moved higher.
Prospects of faster rate hikes put a dampener on equities yesterday, especially earlier in the day, though the S&P recovered to close just –1.13% beneath its all-time closing high from early September. It was a different story in Europe however, where the Euro Stoxx 600 fell –0.50% in line with the losses elsewhere on the continent.
The S&P 500 registered its best week since July last week on the back of decent earnings and is now less than –1.5% off its record high from early September. The Index rose +1.82% higher for the week while the Stoxx 600 in Europe gained +2.65%. Interest rate sensitive sectors were among the outperformers on both sides of the Atlantic.
Yesterday was a strong day in the markets with the S&P 500 moving back to within 2.2% of its all-time closing high from last month. This came about thanks to decent corporate earnings releases, a mini-collapse in real yields, positive data on US jobless claims, as well as a further fall in global Covid-19 cases that leaves them on track for an 8th consecutive weekly decline.
The S&P 500 snapped a 3-day losing streak on Wednesday boosted by gains in tech shares as yields moved lower. European indexes posted a more solid performance than the US, though the sectoral balance was similar, with tech stocks outperforming while banks fell back from their 2-year high the previous session.
Equity markets struggled for direction yesterday as they awaited the publication of inflation data and the start of the US Q3 earning season, both scheduled for later today. By the close of trade, the major US indexes had posted modest losses as they awaited the next catalyst.
Wall Street’s main indexes closed at session lows on Monday on thin trading, with the S&P 500 retreating 0.7% as a rally in some commodity prices such as oil, coal and aluminum rekindled fears of persistent inflation and concerns over a global slowdown. Meanwhile European equities remained largely muted, searching for direction after a volatile week.
Wall Street edged lower on Friday after the latest labour market data reinforced views that the US economic recovery is uneven and far from complete. Still, US indices booked weekly gains as Washington reached a deal to raise the debt ceiling into December and worries over a spike in inflation prompted by soaring energy prices eased. The S&P 500 climbed 0.8% for the week, for its best week since August.
Markets continued to rebound yesterday, thanks to the near-term resolution on the US debt ceiling, alongside subsiding gas prices, which took the sting out of two of the most prominent risks for investors over the last couple of weeks. That provided a significant boost to risk appetite, and by the close of trade, the S&P 500 had recovered +0.8% in its 3rd consecutive move higher, which puts it back to just -3.0% beneath its all-time high in early September, whilst Europe’s Stoxx 600 was also up +1.6% and closed before a later US sell-off.
It was a wild session for markets yesterday, with multiple asset classes swinging between gains and losses as investors sought to grapple with the extent of inflationary pressures and potential shock to growth. However, US equities closed out in positive territory and at the highs as the news on the debt ceiling became more positive after Europe went home. The S&P 500 rallied to finish +0.41% and is now slightly up on the week.
Risk appetite returned to markets yesterday with major equity indices managing to post a decent rebound from Monday’s losses. However, it is worth noting that many were only recouping those declines rather than advancing to new heights. The S&P 500 was up +1.25% so still just beneath where it started the week after Monday’s -1.3% decline, whilst the Nasdaq was up +1.2%. It was the 4th straight day that the S&P 500 moved more than 1% in either direction, the longest such streak since November 2002.
Tech led the sell-off on both sides of the Atlantic yesterday with the Nasdaq down –2.1% and Europe’s Stoxx Technology index falling by -2.4%. Meanwhile, the S&P 500 shed another –1.3%, with the index now down -5.21% from its all-time closing high back in early September. The current selloff looks to be coming from a generalised set of concerns, with those worries given a fresh impetus by yet another rise in energy prices yesterday as oil hit multi-year highs. In turn, that let to renewed fears about inflation accelerating even further than current forecasts are implying.
Wall Street rallied on the first trading day of October boosted by favourable economic data, a potential oral treatment against Covid-19 and optimism over the passage of an infrastructure bill. For the week however, all the three main indexes posted losses with the S&P 500 and the Nasdaq posting their biggest weekly percentage drop since February. In Europe, markets closed lower on Friday as fears of rising inflation and the need for tighter monetary policy, at a time when the economies are still fragile, continue to hit sentiment.
Markets wrapped up the quarter in a notable risk-off manner as they awaited fiscal developments in the United States, with the S&P having now lost just over –5% since its closing peak back on September 2. US equities lost ground later in the session, with the S&P 500 down –1.19% as part of a broad-based decline, though Europe’s Stoxx 600 managed a smaller –0.05% loss.
Risk assets made a tentative recovery yesterday, with the S&P 500 up +0.16% and Europe’s Stoxx 600 up +0.59%. However, unless we get a big surge in either index today, both indices remain on track for their worst monthly performance so far this year.
US markets sold-off sharply yesterday with the S&P and Nasdaq ending -2% and -2.8% lower, the largest fall in over four months. US 10-year Treasury yields saw another leg higher, up 3bps to 1.53% as market participants attribute the move to inflation fear. European stocks also saw sharp declines with the DAX down -2.1%, CAC down -2.2% and FTSE down -0.5%.
Interest-sensitive growth stocks struggled yesterday while cyclicals broadly posted fresh gains on the back of higher yields and growing inflationary pressures. The Nasdaq underperformed the S&P 500, which was down only –0.28%. European equities were also pretty subdued, with the Stoxx 600 down –0.19%, though the Dax was up +0.27% following the results of the German election.
Wall Street ended Friday’s session little changed, with the Dow Jones and the S&P 500 extending gains for the third day while the Nasdaq Composite closed virtually unchanged. In Europe shares mostly fell on Friday as investors booked some profits after a mid-week rally.
Wall Street ended higher again yesterday as the S&P and Nasdaq closed 1.2% and a 1% higher with clear signs of a risk-on sentiment. European stocks broadly rose with the DAX and CAC rallying 0.9% and 1% while the FTSE ended marginally lower by 0.1%.
The S&P 500 was up just shy of 1% yesterday as markets reacted positively to a somewhat more hawkish tone from the Fed. Meanwhile in Europe, the Stoxx 600 gained 1% to narrowly put the index in positive territory for the week. This continues the theme of a relative outperformance among European equities compared to the US, with the Stoxx 600 having outpaced the S&P 500 for 5 consecutive sessions now.
Markets were a little bit more stable yesterday following their rout on Monday as investors looked forward to the outcome of the Fed’s meeting later today. That said, it was hardly a resounding performance, with the S&P 500 unable to hold on to its intraday gains and ending just worse than unchanged as investors remained vigilant as to the array of risks that continue to pile up on the horizon. Europe saw a much stronger performance though as much of the US decline came after Europe had closed.
Global equity markets slid last week for a second consecutive week for the first time since the Spring. Notably the S&P 500 closed below its 50-day moving average on Friday for the first time since mid-June and only the second time since early-March. European equities similarly fell back, with the Stoxx 600 index also trading under its trailing 50-day average for the first time since mid-July.
Prospects of less monetary stimulus weighed on US equities yesterday with the S&P 500 falling back -0.16% after moving between gains and losses for much of the session. European equities topped their US peers, with the Stoxx 600 up +0.44% as bourses across the continent moved higher.
Wall Street gained more than 0.6% on Wednesday, further recovering from the recent losses as energy shares were boosted by a 3% jump in oil pirces while a slew of economic data somehow stabilised sentiment. Earlier, European markets closed in negative territory, after weak data out of China fan global growth worries while soaring inflation in the UK fueled taper fears.
The S&P 500 sold off steadily throughout yesterday’s session to reverse Monday’s slight gain and end -0.6%, at its lowest level in just over three weeks. Europe’s Stoxx 600 was largely unchanged as it close before US equities took a second leg lower.
The S&P 500 snapped a 5-day losing streak on Monday and Europe’s Stoxx 600 also recovered its poise after a run of 4 declines. Energy stocks were the biggest winners on both sides of the Atlantic given fresh moves higher for commodities.
The sell-off on Wall Street accelerated on Friday with the S&P falling for the 5th straight session and down 1.7% for the week amidst high valuation worries and ongoing concerns that the delta variant could slow down economic growth. European equities similarly fell back, despite a dovish ECB meeting, as the Stoxx 600 ended the week -1.2% lower.
Markets maintained the risk-off sentiment yesterday even after investors got reassurance that the ECB wasn’t in a rush to withdraw stimulus and with some positive data releases from the US.
Markets had another risk-off session yesterday as investors cast increasing doubt on the sustainability of current valuations. Upcoming central bank meetings (including today’s ECB decision) have added to these jitters, given the prospect that monetary stimulus might start to be withdrawn. By the close of trade, both the S&P 500 and Europe’s Stoxx 600 had fallen back, thanks to an underperformance among cyclicals on both sides of the Atlantic.
Markets continued their upward ascent yesterday even though the US markets were closed for Labour Day thanks to hopes that, the weak US jobs data, would reduce the likelihood that the Fed would shortly begin to withdraw their monetary stimulus.
Global markets saw some divergence last week as ECB members grew more hawkish and Fed officials stuck to their more dovish tones, with economic data partially reinforcing both views. US equities finished the week just off their highs with the S&P 500 just worse than unchanged on Friday but finishing up +0.58% over the course of the week. European equities, which are more cyclically focused, underperformed as the Stoxx 600 ended the week marginally lower.
It was a familiar story for markets yesterday as the major US indexes edged ever higher to fresh records while Europe’s Stoxx 600 closed less than 0.3% away from its own record high. Meanwhile, all eyes will today be on the US employment report particularly after last week’s Fed chair Powell’s comment at the Jackson Hole symposium.
Markets continue to creep higher as we await the all-important US jobs report tomorrow. That was in spite of a mixed bag of data releases yesterday. By the close of trade, the MSCI World index reached all-time highs once again, even though the S&P 500 sold off late in the session to close only +0.03% higher – just short of its record. Meanwhile the dollar weakened for the 8th time in the last 9 sessions, as the greenback has had to deal with Fed Chair Powell’s dovish Jackson Hole speech last week, alongside more hawkish rhetoric from the ECB and the domestic impact of the delta variant.
Equity indices fell back yesterday on both sides of the Atlantic as a strong inflation figure in the Euro Area and disappointing macro-economic data in the US weighed on sentiment.
US equity indices closed at yet another record high on Friday as the much-awaited Fed chair’s speech at Markets continued to power ahead yesterday will global equity indices reaching new heights thanks to dovish remarks from Fed Chair Powell at Jackson Hole last Friday. All eyes this week will be on Friday’s US August jobs report after Powell said in his speech that there has been “clear progress toward maximum employment” and that he has in favour of beginning to taper the Fed’s asset purchases this year.
US equity indices closed at yet another record high on Friday as the much-awaited Fed chair’s speech at Jackson Hole didn’t provide much in terms of new information. The economy is recovering, substantial progress has been made and the labour market is showing some “clear progress”. Given these conditions, the Fed could consider a tapering starting this year but made it extremely clear that it won’t be associated to a rate hike story which is completely separate and not on the table.
yesterday after a succession of fresh highs, courtesy of hawkish remarks from a number of Fed officials alongside further turmoil in Afghanistan. However, those moves were fairly contained overall, with the major indices still just shy of their all-time records.
Risk assets put in another strong performance yesterday that saw a number of equity indices hitting all-time highs once again as investors looked forward to Fed Chair Powell’s speech tomorrow at the Jackson Hole symposium. On Wall Street it was the cyclical industries and small caps which powered the advance in clear evidence of a risk-on move. In Eur
Risk assets had another strong performance yesterday, and the S&P climbed to yet another all-time high as markets continued their reversal after last week’s delta-related selloff. Further positive Covid developments have been part of the story, with investors taking comfort from the plateauing number of cases at the global level. In addition to that, we’ve also had some interesting developments on the policy front, with hopes for further fiscal spending bolstered by progress in the US House of Representatives on the Democrats’ economic agenda and an announcement by the PBoC yesterday that it shall continue to improve credit support for the real economy.
After a fairly poor performance for risky assets last week, yesterday saw a sizeable rebound as optimism returned to markets once again, with the S&P 500 finishing just short of its all-time high. In some ways it was a surprising outcome, particularly given the weaker-than-expected numbers from the flash PMIs, but there seemed to be increasing optimism that the weakening outlook might actually lead to a more cautious attitude by central bankers when it comes to withdrawing monetary policy support. It was not surprising then to see tech stocks outperform, sending the Nasdaq to a fresh record high.
There was a reversal of fortunes on the US market on Friday as the S&P 500 recorded a gain that pared back the index’s weekly loss to just –0.6%. On the other side of the Atlantic, the Euro Stoxx 600 ended the week down –1.5%, a noticeably underperformance. Meanwhile in Asia, ongoing headlines about Chinese regulation coupled with slowing economic data left both the Nikkei and Shanghai Composite negative on an YTD basis.
Risk the biggest worry for investors along with the question of waning vaccine efficacy. Moreover, nervousness about possible tapering by the Fed ahead of next week’s Jackson Hole speech by Chair Powell, along with a potential Chinese growth slowdown have further played on investors’ minds. In the US, the S&P did manage to pare back its earlier losses to move into positive territory by the close, but other indices on both side of the Atlantic, moved lower on the day.
Global equity markets continued to lose ground yesterday as investors angst ratcheted up further about the spread The lingering concerns about the delta variant meant that the risk-off tone continued yesterday, with investors contemplating a sharp rise in cases across a number of key economies that’s increasingly clouding the outlook for the rest of the year. By the close of trade, the S&P 500 had posted its largest one-day loss in nearly a month after the July FOMC minutes showed that most officials were in favour of tapering bond purchases by the end of 2021.
Global equity markets continued to lose ground yesterday as investors angst ratcheted up further about the spread of the delta variant and the economic consequences of further virus outbreaks. Amidst these jitters, the S&P 500 fell back from its all-time high the previous day and roughly erased the gains of the past three sessions, with cyclicals leading the declines as part of a broad risk-off move. Meanwhile European equities proved a little more resilient even though this masked a sharp regional divergence as southern European assets struggled in particular, with Italy’s FTSE MIB and Spain’s IBEX 35 both moving lower.
Global equity markets continued their ascent to fresh records last week even as the daily moves became smaller. The S&P 500 finished at yet another record, its 48th this year, which is the most at this point of the year since 1995. Similarly European equities rose to their own record close on Friday – its tenth in a row, with the Stoxx 600 marking its longest run of consecutive gains since 2006.
Global stock markets hit record highs on Thursday while the dollar and US Treasury yields edged higher, building on recent strength, as the debate continued over when the Federal Reserve will start to ease stimulus. Meanwhile European stocks equaled their longest winning streak since 2017, closing marginally higher and extending gains for a ninth consecutive session.
There was a bit of a board rally yesterday as equities hit another record high even as bond prices increased on slightly moderating US inflation data. The S&P rose +0.25%, and has now traded in a less than 0.34% range in each of the last 4 sessions. In Europe, the Stoxx 600 reached a new high for an eighth straight session with cyclical largely driving the increase.
Equity markets were once again fairly steady yesterday, with the S&P 500 up +0.10% and the Eurostoxx 50 rising +0.26% as cyclical stocks took the lead again. Energy stocks gained both in Europe and the US as oil prices rebounded following their roughly 10% decline in the first handful of business days this month.
Equity markets were relatively stable yesterday with the S&P 500 down fractionally and the Stoxx 600 ending marginally higher as investors grappled with higher Covid-19 cases counts due to the delta variant and an imminent pullback in monetary stimulus.
US markets closed mixed on Friday even as nonfarm payrolls beat estimates with the S&P inching up 0.2% to another record while the Nasdaq ended 0.4% lower.
Equity markets in the US and Europe enter today’s important payroll report day at record highs as investors yesterday digested July PMI readings, relatively hawkish Fed and BoE comments, along with overall strong corporate earnings.
The S&P 500 ended lower yesterday as slightly hawkish comments by central bank officials and mixed data took the index down 0.5% from its previous day’s record high. Meanwhile European equities rose for a third straight day with the Stoxx 600 gaining 0.6% to hit another record.
Markets were generally quiet for a second day yesterday though sentiment was somewhat improved as strong earnings announcements prompted European and US stocks to close at new record highs.
The first business day of August was slightly starved of newsflow but sentiment progressively weakened as the day developed with the S&P 500 last night. In Europe the Euro Stoxx 50 finished +0.67% as sentiment in Europe held up.
Global equity markets finished just off all-time highs on Friday with the S&P 500 down -0.37% for the week as growth industries underperformed their cyclicals counterparts. Undoubtedly one of the biggest stories of the week was in Asia where the Chinese government have recently embarked on a widespread regulatory crackdown. This soured sentiment, especially tech, and caused the Hang Seng and CSI 300 to fall sharply. European equities, which are more cyclically focused, outperformed as the Stoxx 600 ended the week marginally higher.
Global equities were once again at all-time highs yesterday, with the MSCI World and Europe’s Stoxx 600 both climbing to fresh records, whilst the S&P 500 closed less than 0.1% away. It was a broad-based advance on both sides of the Atlantic with cyclical industries leading the way, along with energy stocks on the back of a continued recovery in oil prices.
A non-eventful Federal Reserve meeting characterised yesterday’s trading session with the market ending toward the flat line.
Risk-off sentiment prevailed in the market yesterday as the effects of the rout in Chinese equities began to be felt more broadly. By the close of play the S&P 500 and Europe’s Stoxx 600 had both lost ground even if they were off their lows and broadly halved their losses. Meanwhile, it was tech stocks that saw the biggest declines, with the Nasdaq experiencing its worst daily performance since early-May.
Markets were in something of a holding pattern much of yesterday as they awaited tomorrow’s Federal Reserve decision and a raft of corporate earnings releases this week. By the end of the session through the S&P 500 and the Dow Jones had both managed to grind out a gain to reach new all-time highs.
Risk markets bounced back last week, albeit after a pretty poor Monday. Strong earnings seemed to help and global indices rose to new all-time highs by the end of the week.
Investor risk appetite started to show signs of slipping back again after the recent bounce back. Although the EBC dominated attention, some weaker-than-expected US data served to dampen sentiment ahead of next week’s Fed meeting, whilst residual concern about the delta variant’s spread and the prospect of tighter restrictions remained in the background for a number of key economies.
The main story on the markets yesterday was the continued recovery after Monday’s rout, as decent corporate earnings releases outweighed investor concern about the rise in Covid cases and the more-infectious delta variant. In fact, by the close of trade, it was almost as though the slump at the start of the week had never happened.
US markets rebounded yesterday, making up most of Monday’s losses as the S&P and Nasdaq gained 1.5% and 1.6% respectively. Earnings reports continued with Netflix, UBS and United Airlines reporting their quarterly numbers. US 10-year Treasury yields were flat at 1.21%. European indies also climbed more than 0.5%.
US markets started the week with the biggest drop of the year amid a sell-off over concerns about rising Delta variant cases. The S&P and Nasdaq shed 1.6% and 1.1% respectively as the new Covid-19 numbers seem to be overshadowing strong earnings releases. European indices also nosedived, with overall loses in the region of 2.5%.
Risk markets took a step back last week as the highest US inflation reading in nearly 13 years weighed on investors as they wait to see what messages corporates convey during earnings calls over the next few weeks. Overall, the S&P 500 fell -1% over the week while tech experienced larger losses as the Nasdaq decline -1.9%, however, the real laggard were small caps with the Russell 2000 decreasing -5.12%. European equities traded similarly as the Stoxx 600 ended the week –0.64% lower, with bourses such as the IBEX, FTSE 100, CAC and FTSE MIB all underperforming.
US markets dropped even as labour markets and earnings signalled a recovery. The S&P posted a loss of 0.3% while Nasdaq slid 0.7%. European indices also closed in deep red with the FTSE, DAX and CAC down approximately 1% each.
Equities were fairly subdued yesterday as they hovered around their record highs, with the S&P 500 and Europe’s Stoxx 600 both within 0.25% of their all-time highs.
The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.
Global equities put in another strong performance yesterday ahead of today’s US CPI release and the start of the latest earnings season, with an advance across multiple regions sending the S&P 500, the Stoxx 600 and a number of other indices up to fresh all-time highs.
A +1.13% gain on Friday led the S&P 500 to finish the week up +0.40% at a new record high. The Nasdaq Composite rose +0.43% on the week, having now gained in 7 of the last 8 weeks. In Europe, equities were similarly subdued until Friday with the end-of week-rally helping the Stoxx 600 increase +0.19%. Asian equities struggled for a second straight week as the CSI 300 index and the Hang Seng in particular lagged as China proposed new rules to regulate companies seeking to IPO abroad.
US markets tumbled more than 1% from their record levels on a possible risk-off sentiment before staging a small comeback. Treasury yields dipped to 1.25% before recovering to end flat at 1.32%. In Europe, the ECB approved a new monetary policy strategy in which it set a symmetric 2% inflation target over the medium term.
The main story for markets yesterday was once again the continued retreat of the reflation trade which led to another big rally for sovereign bonds. For equities it was a mixed picture, but in keeping with concerns about the recovery from the pandemic, some of the most Covid-sensitive assets were among the worst hit.
The S&P 500 (-0.20%) fell back from its all-time high on Friday. However, the intraday moves were somewhat worse with the Index down as much as -0.87% at one point on the back of losses in cyclical industries. Tech firms were a bright spot with the Nasdaq outperforming the S&P and finishing up +0.17%. Over in Europe, all major indexes all witnessed even larger losses than the US.
It was a fairly subdued session for markets yesterday with the US out on holiday, though risk assets generally performed strongly as investors reacted positively to the latest services and composite PMI readings from Europe.
US markets carved another day and week of gains last Friday on better-than-expected June Non-Farm Payroll data before closing in for a long weekend to celebrate US Independence Day.
An uneventful session on Wall Street saw the S&P 500 edge up to yet another record high to remain well on track for a 5th consecutive quarterly gain, whilst Europe’s Stoxx 600 recovered somewhat from Monday’s losses as well to end the session less than 1% away from its own all-time high.
US markets carved out another winning week with the S&P ending higher by 2.7% to another record while the Nasdaq advance by 2.4%. The gains came on the back of weaker than expected inflation data and President Biden securing an infrastructure agreement with lawmakers.
It was another buoyant day for markets yesterday, with US equities reaching fresh all-time highs as an infrastructure deal was finally reached by President Biden and a bipartisan group of Senators. Europe’s Stoxx 600 similarly had its best day in over a month to close less than 1% shy of its own record.
As investors digested an array of economic data and central bank speakers yesterday, US equities spend the day trading around their all-time records and Treasury yields moved higher as markets continued to readjust following last week’s selloff in various assets.
Markets trended higher on Tuesday building up on the fine start to the week after Powell testified before Congress that the Fed is unlikely to raise rates over only potential rising inflation.
Summer started with an overall quiet day and a bounce for stocks market after Friday weak session. The reflation trade was once again on the table as the S&P 500 outperformed the Nasdaq and the yield curve steepened, with the US 10y Treasury yield rising 8bp to 1.49%, rebound from a 3-month low of 1.35%.
European stocks are expected to open sharply lower on Monday, following jitters in global markets over the more hawkish tone from the U.S. Federal Reserve last week. US stock futures slid early Monday morning after the Dow posted its worst week since October.
The day after a somehow hawkish Fed in the US ended in a way probably no one was expecting with the S&P 500 almost flat, Nasdaq outperformer and a very strong flattening across the US Treasury curve. Meanwhile, futures on the S&P 500 and the Eurostoxx 50 are rather flat this morning while the US dollar is trading largely unchanged.
US equities softened yesterday with the S&P 500 down marginally from its all-time high registered the previous day while Europe’s STOXX 600 saw a slightly stronger performance once again, reaching a new all-time high in its 8th consecutive daily advance.
Global equities continued to reach new highs as they await the next catalysts, with S&P 500, NASDAQ, Europe’s STOXX 600 and the MSCI World all climbing to fresh records.
Markets continued to trade risk-on last week as the focus remains on the reopening of economies and the rebound in growth. The S&P 500 was up 0.4% while the Euro Stoxx 50 outperformed and ended the week 0.9% higher. Stocks continue to trade positively this morning.
Futures on both sides of the Atlantic are slightly up this morning after both regions’ markets continue to hover at or around record levels.
European stocks are expected to open slightly higher on Thursday as global markets gear up for the latest inflation reading from the U.S.
European stocks are expected to open in mixed territory on Wednesday as investors prepare for the next reading of U.S. inflation due tomorrow.
European stocks are expected to open lower on Tuesday as investors look ahead to euro zone growth and employment data for the first quarter, and remain focused on concerns over rising inflation.
U.S. stock futures were little changed in overnight trading Friday ahead of the May jobs report.
European stocks opened slightly higher on Thursday with markets set to follow an upbeat tone set in Asia-Pacific overnight.
European stocks are expected to see a cautious start to the trading day on Wednesday, continuing a lacklustre start to trading in June.
European markets are set for a mixed open on Tuesday after closing out their fourth straight month of gains, with a host of economic data out of the euro zone coming into view.
European markets are set to open in the red Monday ahead of inflation data for some of the region’s biggest economies.
European stock markets are seen opening largely higher Friday, continuing the strong gains from the previous session as optimism over the region’s outlook strengthens as it gradually gets to grips with the Covid-19 pandemic.
European stocks are expected to open flat on Thursday as investors await U.S. weekly jobless claims data.
European share markets are expected to open in positive territory this morning as US stock futures are pointing to a higher open as well.
European stocks are expected open flat on Tuesday, following the strong performance of equities markets yesterday.
Asia-Pacific markets traded mixed Monday, with markets in Japan, Singapore, Indonesia and Malaysia advancing.
Stock futures are higher in overnight trading after major averages rebounded from a three-day losing streak on Thursday led by technology shares.
European stocks are expected to open higher on Thursday, dodging concerns over sharp declines in bitcoin and the U.S. Federal Reserve’s hints that it could taper its asset purchase programs sooner rather than later.
European stocks are expected to open sharply lower on Wednesday, following a global dip in stocks Tuesday.
European stocks are expected to open higher on Tuesday, defying gloomier sentiment seen among global markets at the start of the trading week.
European stocks are expected to open flat to higher on Monday as global investors weigh concerns over a rise in inflation and an increase in coronavirus cases, largely attributed to the spread of a variant that emerged in India.
European stocks are set to open higher to finish the week after Wall Street snapped a three-day losing streak on Thursday, having been rocked by inflation concerns in recent sessions.
Major Asia-Pacific stock markets declined on Thursday, as Wall Street fell sharply with inflation data triggering fears of a rate hike. European stocks are expected to open lower on Thursday as markets around the world get spooked by the latest U.S. inflation data.
European stocks are expected to open largely flat to lower on Wednesday as global markets gear up for key data releases including the latest reading of U.S. inflation.
European markets are expected to open lower on Tuesday following a sell-off in U.S. tech stocks at the start of the week and as global markets turn their focus on inflation data.
European stocks are expected to open higher on Monday, following positive momentum in other global markets.
European markets are set for a higher open Friday as global stocks eye a positive week amid surging commodity prices, while investors await a key jobs report out of the U.S.
European markets are set for a muted open on Thursday as investors monitor a slew of corporate earnings and await the latest monetary policy decision from the Bank of England.
European stocks are expected to open higher Wednesday as investors digest a fresh round of corporate earnings and key economic data out of the euro zone.
European stocks are expected to open in flat-to-lower territory on Tuesday, following similarly mixed sentiment elsewhere.
European stocks are expected to open higher on Monday on the first trading day of May, with the U.K. closed for the May Day public holiday.
Asia-Pacific markets struggled for gains Friday as investors turned cautious, despite a positive finish stateside in the previous session.
European stocks are expected to open higher on Thursday as markets react to the U.S. Federal Reserve’s decision to hold interest rates near zero.
European stocks are expected to open in mixed territory on Wednesday as global markets await comments from the U.S. Federal Reserve.
European stocks opened lower Tuesday as global markets prepare for the U.S. Federal Reserve’s two-day meeting, which begins today, and more earnings.
European stocks are expected to open in flat territory on Monday as investors gear up for a busy week on the data and earnings front.
European markets are heading for a slightly lower open Friday as global stocks wither to end the week, with investors monitoring a slew of economic data and corporate earnings.
European stocks advanced on Thursday following a global rebound in markets after days of negative sentiment.
European stocks are expected to open in mixed territory on Wednesday, reflecting more cautious trade elsewhere globally.
European stocks are expected to open in mixed territory on Tuesday with global markets all showing lacklustre sentiment.
European stocks are expected to open higher on Monday, bucking more mixed momentum in global markets overnight.
European markets are set for a modestly higher open Friday after notching record highs the previous session, as global stocks take heart from strong U.S. economic data and recovery prospects.
European markets advanced modestly on Thursday morning, as investors digest a fresh round of corporate earnings and inflation figures from several major economies.
European markets are set for a fractionally higher open as investors monitor economic data and corporate earnings.
European markets were little changed on Tuesday as investors await key economic data and the beginning of corporate earnings season.
European markets are heading for a muted open on Monday. US futures contracts tied to the major U.S. stock indexes ticked lower during early morning trade on Monday, suggesting Wall Street could see muted trading on Monday after reaching fresh records last week.
European markets are heading for a muted open on Friday, searching for direction after touching record highs in the previous session.
European stocks are expected to open higher Thursday, tracking gains overnight in the Asia-Pacific markets following a rise in the U.S. stock futures.
European stocks are expected to open in mixed territory on Wednesday as investors digest global market moves, particularly a pullback in the U.S. market on Tuesday.
Markets in Europe opened positive today after they were closed for Easter break. US Stock futures dipped in early morning trading Tuesday after the Dow Jones Industrial Average and the S&P 500 both closed at record highs, as strong economic data boosted hopes of a smooth recovery.
Markets in Europe are closed today because it is a bank holiday. US stock futures climbed in early morning trading on Monday as investors cheered a strong bounce in U.S. job growth last month amid accelerating vaccine rollout.
The pan-European Stoxx 600 gained 0.5% in early trade, led by a 1.4% rebound for banks as almost all sectors and major bourses entered positive territory.
US Stock futures dipped in early morning trading Monday after a rush of broad based late buying pushed the S&P 500 to a record high in the final minutes of the previous session. Futures on the Dow Jones Industrial Average fell 188 points. S&P 500 futures and Nasdaq 100 futures also both traded in negative territory.
European stocks advanced at Friday’s open, following global sentiment higher as investors focus on the outlook for growth and inflation amid advances in Covid-19 vaccine rollouts.
European stocks opened lower on Thursday, as investors consider the ramifications of a surge in coronavirus cases in the region, and EU leaders discuss possible blocks on vaccine exports.
European stock markets are seen opening lower Wednesday, continuing the global weakness, as doubts about the speed of recovery from the Covid-19 pandemic weigh on sentiment.
European stocks are expected to open lower Tuesday as concerns over a third wave of Covid infections in the region rattle investor sentiment.
European stocks opened in mixed territory on Monday, with investors watching Turkey closely following President Erdogan’s surprise decision this weekend to replace the central bank’s chief.
European stocks moved slightly higher on Thursday as markets around the world react to the Federal Reserve’s latest outlook on the U.S. economy.
European stocks are expected to open lower on Wednesday as global investors await the outcome from the latest meeting of the Federal Reserve.
European stocks are expected to open higher Tuesday as market attention focuses on the global economic recovery and the latest meeting of the U.S. Federal Reserve.
The pan-European Stoxx 600 climbed 0.7% in early trade, with travel and leisure stocks jumping 2.4% to lead gains as all sectors and major bourses entered positive territory since the start of the pandemic.
European markets are heading for a fractionally lower open Friday, but are on course for a positive week, as a retreat in bond yields eased global jitters about rising inflation.
European stocks are expected to open higher Thursday, as markets react to positive momentum stateside following the final approval of President Joe Biden’s $1.9 trillion Covid relief bill.
European stocks are expected to open lower Wednesday, as markets lose momentum seen earlier in the week following a rally on Wall Street.
European stocks are expected to open mostly higher Tuesday, extending a rally in the previous session that saw Germany’s DAX rise 3.3% and hit a new intraday high.
European stocks are expected to open higher Monday, buoyed by positive U.S. sentiment as the U.S.′ Covid relief bill is expected to be approved by the House of Representatives later this week.
European markets are set for a lower open Friday as another surge in bond yields continues to roil global stocks.
European markets are heading for a lower open Thursday as a rise in bond yields saw jitters return to global stocks once again.
European stocks are expected to open higher at the market open Wednesday, with investors in the U.K. keen to see what taxation and spending plans the British government reveals in the annual budget statement.
European stocks are expected to open in negative territory on Tuesday, retreating from gains made in the previous trading session.
European opened higher on Monday as global markets rally on falling U.S. Treasury yields and boosted by positive news on the coronavirus vaccine front.
European stocks were set to open slightly lower on Friday, as investors awaited a fresh batch of economic data and monitored the gathering pace of vaccinations against Covid-19.
European stocks are expected to open flat on Thursday amid a pause in Wall Street rally and more muted trade in Asia Pacific due to the Lunar New Year public holiday.
European stocks are expected to open steady to slightly weaker as a spike in short-term Chinese interest rates fanned worries about policy tightening in the world’s second-largest economy, although improving corporate earnings and easing market volatility helped balance the mood.
European markets look set to start the trading week on a positive note, like their global counterparts, despite a week of turbulent trading last week after retail investors prompted what Goldman Sachs has called the biggest short squeeze in 25 years. Overnight Sunday, U.S. stock index futures turned positive in volatile trading following last week’s heavy losses — the worst for the market since October.
European stocks opened lower Thursday as global markets react to a sharp sell-off on Wall Street Wednesday.
European stocks are expected to open flat to lower on Wednesday, echoing an uncertain trend seen in other global markets overnight.
European stocks are expected to open in mixed territory on Tuesday, with investors focusing on an emerging battle between vaccine maker AstraZeneca and the EU, and on political uncertainty in Italy.
European stocks are expected to open higher on Monday as investors around the world keep across developments on the coronavirus pandemic, and plans for U.S. stimulus measures.
European stocks opened higher Thursday amid optimism as President Joe Biden takes office.
European stocks are expected to open higher Wednesday, ahead of the inauguration of President-elect Joe Biden.
European stocks are expected to open higher on Tuesday, buoyed by hopes that an economic recovery following the coronavirus pandemic is not far off.
European stocks are expected to start the new trading week flat to lower on Monday, amid a pullback in global markets.
European markets are set to open in negative territory on Friday as a re-emergence of Covid-19 cases in China pulled back the positive sentiment generated by U.S. President-elect Joe Biden’s $1.9 trillion stimulus plan.
European stocks are expected to open higher Wednesday as hopes are boosted that the rollout of coronavirus vaccines worldwide will soon start to bring an end to the pandemic.
European stocks crept higher on Tuesday morning as investors remain focused on the latest coronavirus developments and the state of U.S. politics.
European stocks opened in mixed territory on Monday, following the trend set in their Asian counterparts overnight.
European markets are set to open higher Friday as global investors anticipate that a Democratic-controlled U.S. government will lead to greater fiscal support.
European stocks are expected to open higher on Thursday following a projected win for Democrats in the U.S. Senate and the dramatic scenes seen yesterday when pro-Trump rioters stormed the U.S. Capitol building.
European stocks were modestly higher on Wednesday morning as the coronavirus pandemic and U.S. political developments remain a key focus for investors.
European stocks are expected to open lower on Tuesday as the coronavirus pandemic and the imposition of further restrictions weigh on investor sentiment.
European stocks are expected to open in mixed territory on Monday, the first trading session of the new year.
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