The Daily

December, 9th 2016 Daily Market Commentary       Economic News: S. stock-index futures were little changed as investors assessed a rally that’s putting the S&P 500 Index on course for its biggest weekly gain since the presidential election in November. Banks boosted European stocks to their highest level since January after the European Central [...]

December, 6th 2016 Daily Market Commentary   What to watch out for:   K. Supreme Court begins BREXIT hearings (Dec. 5th) Senate hearing on AT&T Time Warner takeover (Dec. 6th) India’s rate decision (Dec. 6th) Bank of Canada rate decision (Dec. 7th) European Central Bank monetary policy meeting (Dec. 8th)   Economic News:   Optimism [...]

December, 5th 2016 Daily Market Commentary   ECONOMIC NEWS The ‘NO’ vote won the Italian Referendum, and as such the Italian PM Renzi is resigning The euro clawed back losses and equities climbed as contagion from political turmoil in Italy was contained. The common European currency pared declines, after reaching its weakest point in 20 months. Commodities: Metals: [...]

November, 22nd 2016 Daily Market Commentary   ECONOMIC NEWS Rising concerns about risks to Italian lenders’ financial stability from the upcoming referendum brought an end to a three-week rally in European shares. U.S. stocks fell from near all-time highs, after equities capped their first monthly advance in four, as technology shares plunged to overshadow rallies in [...]

November, 22nd 2016 Daily Market Commentary   ECONOMIC NEWS The Euro was on a record losing streak last week with 10th straight days of losses, something that has never happened before according to the Financial Times. Global funds sold about $11 billion of equities and bonds in Asia’s emerging markets after Donald Trump’s victory in the U.S. [...]

November, 15th 2016 Daily Market Commentary   ECONOMIC NEWS U.S. stock-index futures eked out gains as investors awaited further indications of Donald Trump’s potential policy actions, after the initial surge that greeted his victory petered out. German economic growth slowed to the weakest pace in a year last quarter, a reminder of the fragility of the euro area’s recovery [...]

November, 2nd 2016 Daily Market Commentary   ECONOMIC NEWS European shares fell for an eighth day, intensifying a global selloff, as a gauge of market turmoil posted its longest jump since 2011. U.S. stock-index futures retreated, indicating equities will extend losses into a seventh day, as investors assess the chances of a Donald Trump presidency, while the [...]

November, 1st 2016 Daily Market Commentary   ECONOMIC NEWS Bank of Japan and the Reserve Bank of Australia decided to leave rates unchanged (CNN Money) Bank of England announced Mark Carney will stay in his role until 2019 (CNN Money) U.S. stock-index futures rose, after an unexpected pickup in Chinese manufacturing eased global-growth concerns ahead of Wednesday’s [...]

October, 31st 2016 Daily Market Commentary   ECONOMIC NEWS U.S. stock-index futures were little changed after equities slid to a six-week low, as investors prepared for this week’s Federal Reserve meeting and the final days of the presidential race. The pound is the world’s worst-performing currency this month, trailing behind about 150 peers, as the first signs of how [...]

October, 28th 2016 Daily Market Commentary   ECONOMIC NEWS   The yen is set for its biggest monthly loss since May amid speculation the Bank of Japan will maintain monetary stimulus as the Federal Reserve prepares to raise interest rates for the first time since December. Russia left its benchmark interest rate unchanged following last month’s unprecedented pledge by [...]