|Day's range||16.04 - 21.07|
|52-week range||11.03 - 36.20|
The relationship between President Trump and Fed Chairman, Jerome Powell has been a contentious one the past few months.
Hong Kong’s tumbling equity market is stoking fears for the economy, as well as the stability of the capital markets.
TP ICAP, the world's largest inter-dealer broker, on Tuesday reported lower first-half profits as its broking business was hit by weak trading results at its investment bank clients, but said trading activity had revived in June and July. The company, which brings together buyers and sellers in financial, energy and commodities markets, said underlying profit before tax fell 3.6% to 134 million pounds for the six months ended June 30. Revenue at TP ICAP's biggest business global broking fell 6% in the first-half, against a backdrop of double-digit revenue declines at major investment banks, its biggest customers.
European governments have started a series of internal ballots this morning designed to break a deadlock on who to nominate as the next chief of the International Monetary Fund, succeeding Christine Lagarde. An as-yet-unnamed British candidate - who is not expected to be Bank of England governor Mark Carney - will join them.
Wall Street abruptly reversed its gains on Thursday as U.S. President Donald Trump tweeted that he would impose an additional 10% tariffs on $300 billion in Chinese imports, sending the long-running U.S. China trade war that has rattled markets for months back to center stage. Trump's remarks also sent U.S. Treasury yields lower, with the 10-year yield dropping to its lowest level since November 2016.
Richly priced assets has left many investors wrestling with some tough questions: what to buy if everything is trading at a premiums?
The prospect of lower interest rates in Europe and the U.S. has driven the stock market into a bullish stampede. The S&P 500 Index (SPX) broke out to a new all-time high — and did it strongly, blasting through the old highs at 2,940-2,950 points. The Nasdaq Composite Index (COMP) as well as the Invesco QQQ Trust exchange traded fund (QQQ) are a bit further behind, although not much.
Fund managers are the most bearish they’ve been since 2008, and they’re rushing into bonds and defensive sectors. But with pessimism so high, the odds may favor more upside.
It’s rare on Wall Street for a technical analyst’s core insight to be confirmed by a Nobel-prize-winning economist. The far more common situation is for academics to deny that technical analysis has any value whatsoever — and for technicians to return the favor.
Aside from a punchy increase in US consumer confidence, I am not sure we heard news in European/US that we hadn’t already heard and interpreted in Asia yesterday. However, the US reaction was certainly vastly different from how Asia traded yesterday and there has been a clear bid in safe-haven assets.
The Latest on Market Volatility, Apple, Chip Stocks, and MoreVolatility surged after the return of the trade warThe CBOE Volatility Index, which is also tracked by the iPath S&P 500 VIX ETF (VIX), a gauge of fear in the stock markets, has been
In our opinion, there are a number of elements to the unfolding global market economics that play into our future expectations. China becomes one of the biggest unknowns simply because we believe the best information we have at the moment is shaded and hidden in terms of true values. Let’s take a minute to discuss a few of them…
Alessio de Longis, OppenheimerFunds portfolio manager for the Global Multi-Asset Group, talked to Yahoo Finance On the Move about whether investors should be worried about the inverted yield curve.
With Uber pricing near the bottom of its range last night, all eyes are on how it performs this morning. But investors might also take note that technology stocks are at a key technical level. And as tech goes, so may go the market, according to All Star Charts Institutional’s Top 10 Charts of the […]