August 20 was the third consecutive down day for the Dow Industrials as the index tumbled 358 points. The U.S. stock market had managed to hover near record highs, even as other markets (oil, precious metals, housing) had long since fallen from old highs. The 34-year bull market in 30-year U.S. government bonds ended months […]
Before I get into the “why,” know that the residential real estate market never fully recovered. Annualized new home sales this past July stood at 507,000, vs. the July 2005 peak of 1.39 million. The chart and commentary from the August Elliott Wave Theorist offer: The percentage of Americans who own a home is still […]
US Stocks closed in negative territory on Friday, with the Fed’s decision to not raise interest rates bringing Global growth concerns back into the spotlight, as well as some consideration of the impact that keeping interest rates as they are may have on US corporate earnings. The Dow finished Friday’s session 289 points lower at […]
Asian shares rose on Friday after the U.S. Federal Reserve held off on raising interest rates, but gains were capped by renewed concerns about the health of the global economy, in particular China. However, Japan’s Nikkei average fell by nearly 2 percent to 18070.21. However, in terms of currencies USD was on the defensive, having […]
Asian stocks edged up to a three-week high on Thursday while the Dollar drifted lower against other currencies as investors consolidated positions ahead of a nail-biting U.S. Federal Reserve policy decision. Japanese shares headed higher on Thursday despite trade data for August coming in below market expectations. Exports rose 3.1% from a year ago, less […]
US markets saw small gains after the markets prepared for the possibility of an interest hike in the US in tomorrow’s Fed meeting. On Wall Street stocks rose yesterday with the tech heavy Nasdaq gaining 1.14%, the Dow Jones up 1.40% and the S&P up by 1.28%. Dollar/Yen is currently around 120.14, having fallen 0.2%. […]
Asian Stocks continued to lack direction and US stocks closed in negative territory after caution remained high on investors’ minds on whether the US will raise interest rates on Thursday as well as more worse than expected economic data came out of China, adding to the possibility that we may see further stimulus from the […]
US Stocks ended Fridays session in positive territory with the S&P500 posting its biggest weekly gain since July as the debate on whether the US Fed will raise interest rates this week intensified. Asian shares however came under pressure after more muddy economic data came out of China, with worse than expected industrial production raising […]
US stocks ended the session in positive territory after a volatile session in which Apple and biotech stocks led the charge. Asian shares also climbed higher but gains were limited by uncertainty over whether the Federal Reserve will raise interest rates next week. The Dow closed 76 points higher at 16330, the S&P500 rose 10 […]
US Indices fell yesterday after waning shares in Apple and energy companies, which dropped in line with the oil markets. On Wall Street, stocks fell yesterday with the tech heavy Nasdaq dropping 1.15%, the Dow Jones down 1.45% and the S&P finishing 1.39% lower. Dollar Yen is currently trading at around the $120.6 level, with […]
After positive trade data from China, all major US indices posted gains, with the Dow Jones Industrial Average closing up 2.42% at 16 492.68, the tech heavy NASDAQ closing up 2.73% and the SP 500 closed up 2.51% at 1 969.41. After yesterday’s solid gains across American and European equity markets, investor sentiment was also […]
Asian equity markets rallied on Tuesday after a six-day losing streak and USD firmed up against the Japanese Yen. However, positive reaction towards China’s export numbers (a smaller fall than expected) was muted, as a fall in Chinese imports added fears of a more sustained slowdown in the world’s second largest economy. In addition, on […]
US stocks ended the session in the red after a mixed August payrolls report raised questions over the uncertainty of a rate rise this month. Asian shares were lacking a clear trend as they dipped in and out of positive and negative territory following an extended weekend in the region. The Dow closed the week […]
US stocks finished the session in slightly positive territory after recent volatility caused by the slowdown in China’s economy. The Dow climbed 0.16% to close at 16374, while the S&P500 rose 0.12% to finish at 1951. However, Asian markets extended losses as investors showed caution over today’s US job report and the recent Chinese turmoil. […]
US stocks rebounded from the previous session as the Chinese economic slowdown, the commodity rout and the threat of an interest rate hike in the US kept markets volatile. The Dow climbed by almost 2% to finish the session at 16,351, while the S&P500 finished 1.8% higher at 1948. The biggest mover was the tech […]
The United States yesterday saw the ISM Manufacturing PMI come out at 51.1, lower than the previous result of 52.7. This, combined with poor manufacturing data out of both China and Europe, led to another day of indices in the red. The Dow and S&P both closed down by almost 3%, with the Dow dropping […]
Both US and Asian shares ended the previous sessions lower after worse than expected Chinese manufacturing data raised concerns over the strength of the world’s second largest economy. US Stocks posted their worst month since 2012 after comments from the Fed kept investors wary of a potential rate hike in the states as early as […]
Both Asian and US shares continued their rally after better than expected US GDP figures calmed investors nerves and boosted market sentiment. The Shanghai composite Index gained 1.9% to 3,143.02 points. Yesterday the Dow rose 2.2% to close at 16654 and the S&P500 moved 2.5% higher, closing at 1987. USD moved further away from Monday’s […]
Both US and Asian stocks closed in positive territory, with Wall St posting its biggest daily gain in four years, as a lift in Chinese shares calmed investors fears, whilst FOMC Member and President of the New York Federal Reserve William Dudley cooled expectations of a rate rise next month, boosting markets. The Dow climbed […]
An initial US stock rally proved to be short lived during yesterday’s session; the Dow fell 204 points to close at 15666, while the S&P500 fell 25 points to close at 1867. Despite the Central Bank cutting interest rates again today – the fifth time it has done so in nine months – the Shanghai […]
Worldwide markets plummeted yesterday, with the plunging Shanghai composite affecting global indices. The FTSE100 saw its value drop by over £70 billion; and with other indices taking a beating, there was a significant degree of nervousness prior to the opening of the US markets. This nervousness proved to be fully justified as the clock struck […]
US stocks collapsed during Friday’s session as the slowdown in China, the commodity rout and the threat of the Fed raising interest rates gripped the market. Taken altogether, this had the effect of causing the Dow to slump to its biggest daily drop in four years, leaving the index more than 10% off its May […]
Asian stocks plunged across the board on Friday after a Chinese Factory data fell at its fastest pace since 2009, with investors moving out of equities and into save haven bonds and gold. The Shanghai Composite dropped by another 4.27%, whilst the Hang Seng and Nikkei were down by 1.41% and 2.98% respectively. US stocks […]
Asian shares tumbled on Wednesday, pressured by lower oil prices and a slowdown in China. US stocks ended in negative territory after a volatile session in which the latest Fed minutes raised concerns over the strength of the global economy, questioning whether rates will be raised next month. The Dow closed 162 points lower at […]
US stocks retreated on Tuesday, hurt by poor corporate earnings from retail giant Wal-mart, a drop in commodity stocks and the slowdown in China’s economy. Asian shares collapsed to two year lows in the previous session as Chinese stocks continued their downward spiral due to growth fears for the world’s second largest economy. The Dow […]
Asian equity markets fell to a two-year low last night – the Shanghai Composite was the heaviest hit, dropping by over 6% - on concerns that slowing demand in China will weigh on the trade-reliant region. The Hang Seng dropped by 1.14%, while the Nikkei also closed lower, by -0.32%. Yesterday’s US session saw both […]
US stocks ended Friday’s session higher at the end of a volatile week, with promising economic data and an agreement on a third bailout programme for Greece helping indices to end on a high note. The Dow rose 60 points to close the week at 17477, the S&P500 climbed 9 points to finish the week […]
US stocks finished the session flat as a collapse in oil prices dragged resource stocks lower, despite better than excepted results from Cisco. Whereas Asian shares ended the session mostly positive but have finished the week in steep negative territory in the aftermath of Chinas surprise currency devaluation earlier in the week. The Dow closed […]
US Stocks pulled back from negative territory to finish flat, taking their cue from the energy sector and a rebound in Apple shares and the cooling fears of a slowdown in China. Asia continued the theme by posting gains, taking heart from Wall Street and the measures of the Chinese Central bank to slow the […]
A wide range of markets have fallen in response to the People’s Bank of China’s Yuan devaluation. The PBOC let the Chinese currency fall sharply for a second straight day, and the large fall of 4% in the Chinese currency dampened sentiment for risky assets globally, with equities, currencies and commodities coming under pressure as […]
