Market Summary: The long and the short of it. The World Health Organization (WHO) declared the Wuhan coronavirus a “public health emergency of international concern.” The markets took this news as good-bad news. The stock markets, which tumbled on Thursday due to the rising death toll in the world’s second-biggest economy, steadied slightly on Thursday […]
Market Summary: The long and the short of it. ASIA Asian markets succumbed to the news that the coronavirus has not gone away overnight. Japanese and Hong Kong shares fell, Nikkei 225 is off -1.79% while the Hang Seng dropped -1.83%. The Shanghai Composite is not trading as the Chinese Lunar New Year holidays have
Market Summary: The long and the short of it. The corona-virus once again dominated the markets with both Europe and the Americas nose-diving into the red on opening and following the Asian markets lower. EUROPE The European markets finished sharply lower with shares in the German Dax -2.74% leading the region down, while the French
Market Summary: The long and the short of it. US Markets: Equity markets opened up pessimistically in morning trading and dove into the red. Investors regained their courage on the back of the Federal Reserve’s Chairmen Jerome Powell’s testimony to congress. The Chairman said the U.S. Central bank is done cutting interest rates for the
Market Summary: The long and the short of it. US Markets: Equity markets were again dominated by President Trump’s remarks over the weekend, dashing investor optimism that Washington and Beijing would soon reach a deal to end the paralyzing trade war. Both the S&P 500 and the New York Composite (NYA) dove into the red
Market Summary: The long & the short of it. Most global markets rallied again yesterday on the contradictory comments from the U.S. and Chinese trade negotiators. The financial press decided to highlight the positive narrative and run with more optimistic comments. The S&P 500 nudged higher for another record finish at 3085 for a gain
Market Summary: The long & the short of it. The U.S. Markets awoke on Friday to some positive news. Firstly, a stronger than expected reading of the October jobs report enhanced bullish spirits in the markets. Secondly, the Chinese Commerce Ministry said the world’s two largest economies could reach “consensus on principles” during a “serious
Market Summary: The long & the short of it. U.S. stock markets tippy-toed sideways in yesterday’s trading, the S&P 500 apparently taking a breather in order to digest yesterday’s moves to all-time highs. The S&P 500 finished the day at 3036 for a mild loss of -0.08% and snapping a four-day winning streak. The New
Market Summary: The long and the short of it. We saw an early sell-off in the S&P 500 on the disappointing quarterly earnings released by the bell-weather Caterpillar (CAT) and the electronics giant Texas Instruments (TXN). However, the S&P 500 managed to shrug off the news and close out a resilient session, to finish at