US Oil production in America continued its rise, hitting home market concerns that a surge in supplies would further put downward pressures on prices. Synchronized global movements have not helped either, as the rise in American oil production is matched by Saudi Arabia and Russia. The growth in supplies also vastly outstrips oil consumption, at
US The shortened Thanksgiving-week turned out to be the worst Thanksgiving-week since 1939, with the S&P 500 losing around 3.5% over the past week to close at 3,632.5 points as stock markets closed early at 1pm in New York due to the holiday. The S&P 500 is down 10% compared to its high in September
US The Dow Jones Industrial Average closed at 25,989.30 on Friday and a weekly gain of 2.6%. The S&P 500 closed at 2,736.27 down 1.6% w-o-w. The Nasdaq Composite closed at 7,247.83, down 2.14% on the week. The small-cap index Russell 2000 is down 1.41% over the previous week at 1527.533. Despite positive movement on
US The US Indexes soared this week mostly affected by the midterm elections, which caused a relief-rally The Dow Jones Industrial Average closed at 25,989.30 on Friday with a loss of 201.92 points or -0.77% and a weekly gain of 2.6%. The S&P 500 closed at 2,781.01 for a loss of 25.82 points or -0.92%,
US Even though the end-of-October rate increase to 2.25%, it did not catch the market by surprise, the markets experienced some turmoil in the following weeks. Since our last recap on 07/10/2018, there has been a significant correction in the major global indices, most prominently in the US, as you can see on chart below.
US On Monday 1st October, the auction of three- and six-months treasury bills took place. The former have been issued with an average yield of 2.175% against 2.18% of the previous sitting while six-months have been issued averagely at 2.335% compared to 2.32%. Wednesday the EIA published data about WTI stock, which increased by 7.975M
UK Brexit talks continued and the Prime Minister Theresa May has been under increasing pressure during the week, amid Conservatives Annual Conference where her speech will be under scrutiny. Mr Johnson, the former foreign secretary, affirmed itself against the Chequers plan for Britain’s relations with the UK after it leaves the EU in a regular
US On Friday, the biggest revision (since 1999) in Global Industry Classification Standard took place. The new communications sector now include AT&T, Verizon, Century Link, Comcast, 21st Century Fox, Netflix, Walt Disney and, recent entrants, Alphabet and Facebook. Consequently, the Telecom sector which represented 2% of the S&P 500, will now represent 10%. According to
US Over the course of this week several key US data were released. On Tuesday, the Institute for Supply Management’s Manufacturing PMI was released: it fell to 57.3 from the previous month’s 59.3 and missing market expectations of 58.3. On Wednesday, the Federal Open Market Committee (FOMC) left its target range for Fed Funds Rate
US This week, US equities have shown an increase in volatility: on Tuesday 24th, following the breakthrough of the psychological barrier of 3% in the yield of 10y US treasuries, the most important US indexes S&P 500/DOW JONES 30 and Nasdaq 100 have lost about 2% each. On the same day, the VIX, the index
US This week, US equities ended on a low note as the market kept a close watch on rising UST yields and Apple was a drag on the tech sector. The benchmark 10-year yield rose to its highest level in four years. The three major equity indices still managed to finish higher for the week,
US Over the course of last week, the most important data concerning the United States came out on Friday 14th, when the University of Michigan’s Consumer Sentiment was released. The Consumer Sentiment was 97.8, below the consensus 100.5 and the previous 101.4. This drop seems to due to concerns about the potential impact of President
US The US equity market has witnessed a lot of volatility during last week. The trade war with China has weighed on all the three major indices: S&P 500 lost 1.38%, Nasdaq and Dow Jones scored -2.10% and -0.71% respectively. On Monday, the slide of some big Tech firms led the Nasdaq to lead losses.
US Continuing a monthly streak of surprises, after gapping down -0.66% immediately after Gary Cohn’s resignation as economic advisor of the current US administration, the S&P recovered, increasing 3.25% weekly. In particular all the major indexes rallied (Dow +1,77%, S&P +1,74%, Nasdaq +1,93%) on Friday as non-farm payrolls were 313k (vs 210k expected) and wage
US This week, the main events were the inaugural testimony by new Federal Reserve chair Jay Powell to the House Financial Services and Senate Banking Committees on Tuesday and Thursday, respectively, and the announcement that President Trump is planning to impose tariffs on steel (10%) and aluminium (25%) imports. Mr. Powell told lawmakers on Tuesday