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,
After pausing on Tuesday, U.S. equity markets roared back to breach record highs on Wednesday, whilst European equity markets slipped back for the second day. The SPX and DJIA made approx. 1% gains, the first such gains posted since August, with the DJIA reaching an intraday high and closing out above the 26,000 handle. Apple
The leading U.S. equity indices, the DJIA and SPX, reached record intraday highs on Tuesday, shortly after New York markets opened, with the DJIA breaking through the crucial handle of 26,000. However, the heights were short lived; after rising through the first level of resistance the DJIA index then fell circa 300 points from its
There was no hiding place or relief for the U.S. dollar on Monday, despite USA equity markets being closed for a national holiday. The U.S. dollar index approached its lowest level in three years; falling by circa 0.6%. EUR/USD continued the bullish momentum witnessed over recent weeks, as the major currency pair continued its habit
The USA equity markets were obviously simply pausing for breath on Wednesday, as it was back to the business of setting record highs on Thursday, the SPX rose by 0.81% on the day and has now risen by circa 4% in 2018. Some investment bank analysts are suggesting that stocks have higher to rise, on
It’s been a while since a Trump statement caused a shock in the markets, on Wednesday his administration put a spanner in the works of North American commerce, by threatening to exit the NAFTA free trade arrangement, which allows (largely unrestricted) open border/tariff free trade between; Canada, Mexico and the USA. The free trade area,
The SPX rose by 2.6% last week, in a shortened week when many investors were stumbling back to their desks. And the index continued its recent bullish momentum, rising by 0.13% on Tuesday, with the DJIA rising by 0.41%, as analysts and traders continued to price in the impact the tax reduction plan, now signed
All the major U.S. equities; DJIA, SPX, NASDAQ, closed at record highs on Thursday, with the DJIA finally breaking through the 25,000 barrier, representing a one year return of circa 28%. The indices rose despite the USA suffering crippling weather conditions, with many businesses closed. However, equity trading in the SPX was 30% above the
