GO Daily News

Overnight on Wall Street: Thursday 12/03/2020
March 12, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets The World Health Organisation declared the COVID-19 a global pandemic which brought another round of extreme volatility in the markets. Wall Street witnessed another dreadful day and was in a sea of red as a lack of details on the stimulus program dampened risk sentiment. Widespread fears...

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Overnight on Wall Street: Wednesday 11/03/2020
March 11, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets After a dreadful Monday, the stock market recovered a semblance of normality as some governments rushed in to support the turmoil in the markets. Investors are being reassured that the combined effect of monetary and fiscal policy which are currently being considered will provide support to ...

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Overnight on Wall Street: Tuesday 21/01/2020
January 21, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets The US markets were closed on Monday for Martin Luther King Jr day. In the European markets, major equity indices closed in the red as Brexit-related headlines dampened risk sentiment. The comments from the UK Chancellor, Sajid Javid revived fears that on the future relationship between t...

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Overnight on Wall Street: Wednesday 18/12/19
December 18, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Wall Street eked out gains, and major US equity benchmarks remain around record levels. Dow Jones Average Industrial gained 31 points to finish at 28,267. S&P500 was relatively flat at 3,192. Nasdaq Composite added 9 points at 8,823. The trade optimism has faded due to a la...

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Overnight on Wall Street: Tuesday 17/12/19
December 17, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Investors are finding support on both the geopolitical and economic front. There are a number of issues that have kept the markets on edge in 2019, but as the year comes to an end, the risks (at first glance) appeared to be dissipating. A partial trade deal, hopes of an orderly Brexit aft...

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Overnight on Wall Street: Thursday 12/12/19
December 12, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets After a mixed start to the day, the FOMC statement helped major US equity benchmarks to close in positive territory. Dow Jones Average Industrial fell by 30 points at 27,911. S&P500 rose by 10 points at 3,142. Nasdaq Composite added 38 points at 8,654. As widely expected, t...

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Overnight on Wall Street: Tuesday 10/12/19
December 10, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets A negative start to the week as sentiment soured in anticipation to the planned December tariffs hike. All US equity benchmarks ended the day in the red: Dow Jones Average Industrial fell by 105 points at 27,910. S&P500 lost 10 points at 3,136. Nasdaq Composite closed 35points...

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Overnight on Wall Street: Wednesday 04/12/19
December 4, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets More bad news hit markets on Tuesday. Alongside tariffs threats on Brazil and Argentina’s metal imports from President Trump, we note that the President is also willing to wait another year to secure a trade deal with China. The US equity benchmarks remained under pressure and closed th...

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Overnight on Wall Street: Tuesday 03/12/19
December 3, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets A bad start for the last month of the year. President Trump threatens to impose tariffs on Brazil and Argentina metal imports. The US President tweeted about reinstating tariffs with immediate effect taking the markets by surprise. Global shares pulled back as investors turned risk-of...

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Overnight on Wall Street: Wednesday 23/10/19
October 23, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Wall Street closed in the red as the sentiment weakened in the final trading hours after the British lawmakers rejected the aggressive timetable for passing the legislation to ratify its deal to leave the European Union. Even though the chaos of Brexit does not directly impact the US mark...

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Overnight on Wall Street: Tuesday 22/10/19
October 22, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Optimistic tones from both China and the US lifted Wall Street which helped major US equity indices to close in positive territory: Dow Jones Average Industrial ended 57 points higher at 26,828. S&P500 rose by 21 points and finished at 3,007. Nasdaq Composite lost 74 points to...

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Overnight on Wall Street: Thursday 17/10/19
October 17, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Economic data and the concerns over Phase 1 of a trade deal weighed on risk sentiment despite a solid start to the third-quarter earnings season. Even though investors are aware that a trade deal in stages is a step forward for both countries, Phase 1 could just be forced on the US and China...

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Overnight on Wall Street: Wednesday 16/10/19
October 16, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Earnings reports and further optimism over Brexit triggered a rebound on Wall Street. Risk sentiment has improved overnight even though the IMF made a fifth-straight cut to its growth forecasts. The first batch of earnings report was bullish enough to calm nerves regarding the global ...

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Overnight on Wall Street: Tuesday 15/10/19
October 15, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Trade optimism faded as the absence of concrete details left investors reeling about the progress of Phase 1. The headlines emerging from both sides are positive but market participants are seeing the reluctance from China to embrace the same enthusiasm when President Trump described the agr...

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Overnight on Wall Street: Thursday 10/10/19
October 10, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Wall Street ended in positive territory despite conflicting trade headlines. It was initially reported that a partial trade deal is still on the table despite the inclusion of top Chinese artificial intelligence startups in a trade blacklist. The optimism on trade talks helped the major US e...

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Overnight on Wall Street: Wednesday 09/10/19
October 9, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Ahead of the trade talks scheduled as from Thursday, the headlines emerging from the US are casting dark clouds over the meeting. Overnight, the US has imposed visa restrictions on Chinese government and Communist Party officials who are believed to be responsible for the detention or abuse ...

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Overnight on Wall Street: Tuesday 08/10/19
October 8, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Risk sentiment remains fragile on Wall Street as trade talks between China and the US are looming. The impeachment inquiry into President Trump and the surprise decision to pull US forces out of north-eastern Syria are also denting sentiment. Unlike the European markets which finished the d...

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Overnight on Wall Street: Tuesday 01/10/19
October 1, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Wall Street reacted much better when the Trump administration dismissed reports that they are considering delisting Chinese companies from US stock exchanges compared to the Asian markets. Major US equity indices ended in positive territory with gains between 0.4% to 0.8%. Source: Bloomb...

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Overnight on Wall Street: Thursday 19/09/19
September 19, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets As widely expected, the US Federal Reserve has cut interest rate for the second time this year by a quarter percentage point to a range of 1.75% to 2%. “In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decid...

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Overnight on Wall Street: Tuesday 17/09/19
September 17, 2019

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Global markets were mostly trading in a risk-off environment. The drone attacks in Saudi Arabia had set a bearish tone in the markets ahead of key central bank meetings scheduled across the week. The energy sector bolstered higher on Monday after fears of supply disruptions arise followin...

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