President Trump delivered his first state of the union address early Wednesday morning, which appeared to calm Wall Street investors’ nerves, resulting in USA equity markets rising as the New York session opened. The FOMC announced that the key (upper bound) interest rate would remain at 1.5% at the end of their two day meeting. […]
The key U.S. equity market indices; DJIA, SPX and NASDAQ, sold off sharply during Tuesday, after suffering the first sell off in over a month on Monday. The DJIA lost over 400 points at one stage as the intraday low (just above 26,000) was reached. Some context must be attached to the recent fall; taking
The main USA equity markets, the DJIA and SPX, experienced a modest pull back during Monday’s New York session, whilst the dollar rose moderately as bond rates also rose. Viewers of Bloomberg news and other financial media, will have noted that market experts were immediately lined up to be asked if “the equity markets were
It’s a well-known phenomenon that economic forum meetings convey an air of confidence to investors. Once the forums close we’re generally left with an impression that the political leaders of the world have got our backs and that they’re experts, completely in control and in charge of their brief. The end result is that during
The euro rose versus many of its peers during the afternoon session on Thursday, after Mario Draghi delivered what was generally regarded as a hawkish statement, during his press conference, held after the ECB announced that the interest rates would be kept at 0.00%. Mr. Draghi testified that growth in the Eurozone’s economy was broad
It’s been a while since a Trump tweet, or statement caused a sell off in the USA market indices or the dollar; the USD slumped versus all of its peers on Wednesday after Stephen Mnuchin, the Treasury Secretary, gave an interview at Davos in which he stated that the dollar was too high. An extraordinary
The U.K. pound finally rose through the 1.400 level versus the U.S. dollar on Tuesday, GBP/USD rose to the critical handle for first time since the Brexit referendum decision was voted for in June 2016. In late trading the currency pair, referred to as cable, was trading at just below the intraday Lehigh at 1.400,
Investors in U.S. markets have ignored the Federal government shutdown; the DJIA and SPX rose to record highs as the first day of the shutdown began on Friday, the general mood of optimism continued through to Monday, as U.S. markets reached new record highs. The DJIA closed up 0.55% and the SPX up 0.81%, with
As widely predicted; the USA markets ignored the impending and then actual Federal government shutdown and roared to new record highs, the SPX market breached the 2,800 level for the first time in history on Friday and is now up over 5% in 2018, whilst the DJIA ended the week up 0.21% at the close
Having reached fresh record highs on Wednesday, the key USA equity indices gave back some gains, with the DJIA still holding its position above the (newly breached) handle of 26,000, but closing down 0.37% on the day. Disappointing new housing starts data helped to cool market sentiment in the USA; falling by -8.2% in December,
