The mood is souring, and rightfully so, after some of the corporate warnings about the stagnant US economy. You also run the risk of a hawkish headline from the Fed next week. The S&P 500 is down 10 points to … Continue reading
The earnings call after the bell from Visa yesterday was sobering. The company said it sees no acceleration of the economic recovery and no acceleration in 2015. In addition, the soft IFO report from Germany and negative revisions and details … Continue reading
The S&P 500 hit a record 1989.26 moments after the open, up 2 points on the day and fractionally above yesterday’s high. The market is wading through a mass of corporate earnings along with the upbeat jobless claims data.
The S&P 500 was choppy in the opening hour of trading but has resolved to the upside, gaining 5 points and hitting a fresh record at 1989. USD/JPY is benefiting from better risk appetite and adding a broader bid into … Continue reading
Big day right across the board in European stock markets. It might be good in the short term that European leaders are letting Putin get away with whatever he wants but there will be a price to pay down the … Continue reading
The S&P 500 is up 12 points and has broken the July 7 all-time high of 1985.59. Low inflation and decent economic data is the perfect combination for stock markets. Get the glasses ready!
The S&P 500 is up 7 points to 1980. The July record high was 1985.59, if that breaks then a test of 2000 is virtually a sure thing. Earnings will continue to manufactured via buybacks, debt and tax avoidance (which … Continue reading
The S&P 500 is at the highs of the day, up 19 points to 1977. We still haven’t recovered all the losses from Thursday but the ability of the market to shake off geopolitical fears (and everything else) is impressive.
Closing changes for the main European bourses: UK FTSE +0.2% French CAC +0.4% German DAX -0.35% Spain IBEX -0.15% Italy MIB +0.65% On the week: UK FTSE +0.9% French CAC +0.3% German DAX +0.56% Spain IBEX -0.11% Italy MIB +0.6% … Continue reading
Merger and acquisition activity is up 75% on last year so far in 2014 reaching the $2 trillion mark, according to Reuters data. This week alone 8 deals were announced which set an all time record for deals valued over … Continue reading