Central banks in the US, UK, Japan and China will provide an update on monetary policy next week, with markets anticipating a 25bps rate cut from the Fed. Other important releases include: US industrial production, housing data and Q2 current account; UK inflation and retail sales; Eurozone flash consumer confidence; Germany investor morale; China industrial output, […]
US Morning Briefing Aug 15th 2019
Walmart report transcends volatile pre-market session The S&P 500 futures trade 15 points, or 0.5%, above fair value in a volatile pre-market session. Futures were pulled lower after China threatened to retaliate against the upcoming 10% tariff rate on Chinese imports, but solid results and guidance from Walmart (WMT 112.71, +6.51, +6.1%) has lifted futures back into positive […]
US Market Morning Briefing August 14th 2019
Stock market inverting as 10-2 spread inverts U.S. equity futures have backtracked from yesterday’s relief rally, as weakening global data continues to pressure equities and further invert the U.S. Treasury yield curve. The S&P 500 futures are down 32 points and trade 1.1% below fair value. Chinese stocks started the day broadly higher after the […]
US Morning Briefing for the 13th of August 2019
Risk sentiment remains under wraps The S&P 500 futures trade six points, or 0.2%, below fair value as geopolitical angst and economic uncertainty continue to dampen risk sentiment. In Hong Kong, flights were suspended for a second consecutive day as government protesters again filled the airport’s international hub. Hong Kong’s Hang Seng dropped 2.1% on […]
US Morning Briefing 12th of Aug 2019
Lingering China worries weigh on U.S. futures to kick off trading week The S&P 500 futures trade 18 points, or 0.6%, below fair value following a turbulent week on Wall Street, while investors continue to assess U.S.-China trade relations and the Hong Kong government protests. The Hong Kong protests have yet to materially affect U.S. […]
Market Prep for Week 33
Next week the US will be publishing inflation rate, retail sales, industrial production, housing data and flash Michigan’s consumer sentiment. Elsewhere, other important releases include: UK unemployment, wage growth, inflation and retail sales; Eurozone trade balance and industrial production; Germany Q2 GDP figures; China industrial output, retail sales, fixed asset investment and house price index; […]
US Market Briefing for the 9th of August 2019
Volatility persists with futures under early pressure U.S. equity futures have backpedaled from yesterday’s rally, leaving the S&P 500 futures down 15 points, or 0.5%, below fair value. There is no confirmed catalyst for the negative disposition, but there remains doubt among some investors about the global economy. In China, data showed producer prices unexpectedly […]
US Morning Prep for 8th of August 2019
Markets higher in a much calmer morning U.S. equity futures, along with global stocks, have ticked higher in a much calmer morning, as upbeat Chinese data and European economic indicators help tame some of this week’s volatility. The S&P 500 futures trade three points, or 0.1%, above fair value. Asian equities rose after Chinese exports […]
US Morning Briefing for the 7th of August 2019
Global indices stabilize as investors weigh central bank easings The S&P 500 futures are trading four points, or 0.1%, below fair value after yesterday’s rebound trade, while investors assess more central bank easing and the continued decline in U.S. Treasury yields. Three more central banks around the world cut their interest rates overnight as forecasts […]
US Morning Briefing for 6th of Aug 2019
Relief rally as stocks poised to bounce back from Monday’s drubbing U.S. equity futures recoup prior losses and now point to a higher start on Wall Street after the stock market had its worst day of the year yesterday. The S&P 500 futures are trading 14 points, or 0.5%, above fair value after being down […]