Markets mixed after powell’s house panel testimony
July 15, 2021In Wall Street, the S&P closed 0.12% higher from its opening levels closing at 4,374.30 after recovering from an early stumble and then losing much of its momentum by late…
U.S. june CPI print well above expectations
July 14, 2021Stock markets in the U.S. we would say had a session of mixed moves as much focus was on the June CPI print which came well above expectations once again…
Hang Seng trades higher as China approves Tencent acquisition
July 13, 2021US stocks notched records on Monday ahead of a packed schedule of earnings releases. The DOW led gains, up 0.36% and just shy of 35,000pts, while the S&P and the…
Stock markets near record highs, pboc easing in China
July 12, 2021We start this week on a positive note with Asian shares rising this morning following record highs of US stock market and a policy easing in China. The focus this…
Nigerian senate approves $6.2 billion external loan request
July 8, 2021Contracts on the S&P 500 and Nasdaq 100 signaled a retreat from new records set Wednesday in the underlying gauges. Despite the retreat the index ended up +.34% higher from its…
Beijing probes Didi on cybersecurity
July 7, 2021In Asia, with Beijing’s cybersecurity probe of ride-hailing giant Didi Global Inc. taking center stage, stocks fell Wednesday and Treasuries held a rally on concerns about the economic recovery from…
Australia’s ASX lower as RBA dials back QE
July 6, 2021The UK announced plans to end COVID restrictions in total from July 19 – measures as social distancing and capacity limits at venues as well as mandatory face masks will…
Stocks climb as jobs report dims hawkish FED bets
July 5, 2021U.S. equity futures slipped Monday as investors mulled the outlook for Federal Reserve stimulus support and OPEC+ tension over oil. The S&P 500 ended Friday up 32.40 points, or 0.75%, to 4352.34.…
OPEC+ Impasse and NFPs ahead
July 2, 2021Further strong data prints out the US (Initial Jobless Claims 364k vs BBG cons. 388k, US June Manufacturing PMI 62.1) added to the positive sentiment on the day, sending US…
Russia posts strong GDP and employment numbers
July 1, 2021US stocks closed mostly higher on Tuesday following a strong print in ADP payroll numbers; the June print came at 692,000 against an expected 600,000. The S&P rose 0.13%, inking…