Weekly Summaries

Weekly Summaries

Equities move sideways as US dollar bounces back on strong employment figures

Equity Markets US markets dipped on Thursday as investors pondered better-than-expected figures regarding the labour market, as well as a report that the Whitehouse is re-considering its proposal to increase the corporate tax rate. Source: CNBC.com Private job growth figures for May released by the ADP overnight came in at 978,000, a b...

June 4, 2021
Read More >
Week Ahead: Equities remain jittery as inflation fears remain, Crypto crashes

Equity Markets US equity markets are coming off a mixed week. The S&P 500 registered a second straight down week for the first time since February, while the Dow posted its fourth negative week in five. The NASDAQ gained 0.31% last week after a 4 week losing streak as dip buyers finally appeared to snap up beaten-down tech stocks. Analysts ...

May 24, 2021
Read More >
Week Ahead: Traders look to Fed as inflation fears resurface

Equity Markets US equity markets experienced considerable volatility last week as the Dow and S&P 500 both saw all-time highs but finished the week down -1.1% -1.4% respectively.  US CPI figures coming in much higher than expected had investors reassessing the Fed’s policy path given the unexpectedly high rise in inflation. Looking to...

May 17, 2021
Read More >
Equities rally as Central Banks take dovish tone

Equity Markets US markets had a broad rally last night with the Dow Jones again hitting all-time highs and the NASDAQ breaking its 5 day losing streak, with strong employment data and rising commodity prices giving investors optimism in the global recovery. Source: CNBC.com US reporting continued this week, with a mixed bag of results....

May 7, 2021
Read More >
Week Ahead: US employment and the RBA headline a full economic calendar

Equity Markets US Indices took a breather on Friday, easing off all-time highs that were hit during the week on strong tech earnings. US earnings in the week ahead see a less cluttered calendar with only a handful of big names reporting on Tuesday, Wednesday and Thursday. Source: Interactive Investor The Australian market will see thr...

May 3, 2021
Read More >
Week Ahead: Big tech reports and the Fed back in action

Equity Markets US stocks bounced back with a broad rally, the S&P 500 set an intra-session all-time high as investors returned to buy the dip after Thursday's tax increase inspired sell-off. Earnings on Friday included Schlumberger Limited (SLB.NYSE) who beat Q1 earnings expectations and gave positive forward guidance on growth for the seco...

April 26, 2021
Read More >
Bidens tax plan tanks Wall St, BOC’s hawkish surprise

Equity markets US markets dropped last night, reversing what was looking like a positive session to finish as the worst single session in the month of April across the major US indexes. Sparking the sell off was a report that the US administration was eyeing a proposal to increase the capital gains tax rate on wealthy individuals, almost doub...

April 23, 2021
Read More >
Week Ahead: US reporting season continues, Central banks meet

Equity Markets US stocks rose Friday, capping off a very strong week with the Dow, S&P 500 and NASDAQ all closing at record highs. Investors were focused on encouraging economic figures that indicate the global economy is recovering well and a strong start to US earnings season. Looking ahead for this week US reporting season continues...

April 19, 2021
Read More >
European and US markets hit all time highs, Bitcoin breaks out, the Dollar slides

Equity markets US stocks jumped overnight to reach record levels as stronger than expected print on retail sales and a sharp improvement in the number of new jobless claims cheered the investors. Source: Yahoo Finance US reporting season kicked off this week with impressive results so far from Finance heavyweights JP Morgan, Goldman, BOA and...

April 16, 2021
Read More >
Rising yields have markets seesawing, US dollar rising

Equity markets US markets dropped sharply overnight as inflation fears returned on the back of Treasury yields hitting their highest levels in more than a year. Investors are concerned the Federal Reserve will allow inflation to accelerate, after Wednesday’s policy meeting where they reaffirmed their commitment to easy money policies. As...

March 19, 2021
Read More >
DOW hits all time highs, Nikkei back to bubble era prices and Bitcoin’s wild ride.

Going into the month’s last day of trading, Global markets have performed well despite a sell off this week. Continued hopes that we’re on a path to economic recovery, with COVID vaccines rolling out and the subsequent drop in cases, have supported markets and drawn in investors. Global Equities Major US Indices all saw record highs, with the...

February 26, 2021
Read More >
US markets again hit all time highs and Gold loses its lustre

Equity markets US markets dipped last night with the Dow finishing down for the first time in 4 sessions. This came as the streak of better-than-expected economic data came to an end with initial jobless claims unexpectedly jumping to a one-month high last week. Retail giant and Dow 30 component Walmart (WMT) also weighed on the index dropping ...

February 19, 2021
Read More >
Week Ahead: All time highs for US markets, China drives oil rally and Bitcoin boost.

World equity markets finished modestly positive for a week sparse of economic news. US markets again hit all time highs on the back of strong corporate earnings, continued optimism in fiscal stimulus and COVID progress as the US infection rate eased to its lowest level since October. Equity Markets US The NASDAQ outperformed with Twitter (TW...

February 15, 2021
Read More >
Vaccine progress, Aussie QE extended and Silver rally fizzles

Major global markets rallied convincingly this week with strong corporate earnings from the US, commitments from central banks to keep accommodative measures in place and good progress in US COVID vaccinations gave investors optimism. Equity markets The S&P 500 climbed to a record this week, with the NASDAQ and Dow Jones touching on all time ...

February 5, 2021
Read More >
Week Ahead: Equities slide, US Dollar rallies and Reddit raids silver?

Wall Street suffered a 2% sell off on Friday capping off a poor week for global equity markets. All major European, Asian and US Indices finished decidedly in the red as stimulus euphoria post the new US administrations inauguration seems to have faded. Equity Markets US Indices posted their worst week since October with the Dow sliding over 3% ...

February 1, 2021
Read More >