All Articles Tagged - US500

Daily Market Comment – BoJ shocks markets with policy tweak; yen soars, stocks tumble

Posted on December 20, 2022 at 10:04 am GMT

Bank of Japan makes surprise tweak to its YCC policy, insists it’s not tightening Dollar slumps 3% against yen, Nikkei plunges as markets see move as exit from stimulus Gold supported as broader market mood remains downbeat BoJ widens yield target range The Bank of Japan ended weeks of speculation about a policy pivot and took its first step on Tuesday to move away from years of ultra-loose monetary policy. In its first adjustment to its yield curve control policy [..]

Daily Market Comment – Stocks steadier, dollar softer as markets weigh recession risks

Posted on December 19, 2022 at 10:16 am GMT

Weak PMIs heighten recession fears in the US, dollar slips from highs But equities attempt to end losing streak as investors pare back rate hike expectations Chinese stocks struggle amid surging virus cases as authorities pledge to boost growth Bank of Japan in focus as speculation of a policy shift intensifies Poor PMIs cast doubt on Fed’s dot plot Trading got off to a muted but somewhat more optimistic start on Monday in a week where volumes are expected to [..]

Nasdaq plays catchup after soft US CPI and Oracle earnings add to optimism – Stock Market News

Posted on December 14, 2022 at 10:37 am GMT

Wall Street is making a fresh dash upwards ahead of key central bank decisions, starting with the Fed on Wednesday. The softer-than-expected inflation report out of the US has injected renewed optimism, which was already building up from the positive headlines around China’s reopening and some impressive earnings from Oracle. But how sustainable is this latest rebound? Dow Jones jumps back above 34,000 The Dow Jones has been outperforming the broader market for the last couple of months now and [..]

Commodities year ahead 2023: Gold and oil outlook tied to Fed and Ukraine

Posted on December 13, 2022 at 9:17 am GMT

The entire commodities spectrum rallied in the first half of 2022 as the war in Ukraine sparked major supply concerns for energy and agricultural commodities. But heading into 2023, it is demand concerns that have taken over and are clouding the outlook. Gold and oil have lost their shine amid worries that the Fed and other central banks may overtighten, and that China is not doing enough to boost its economy after a year of jumping in and out of [..]

Daily Market Comment – NFP awaited as Fed rate hike bets cool, dollar plunges

Posted on December 2, 2022 at 10:19 am GMT

Dollar resumes slide as US yields tumble after soft inflation and PMI data But Wall Street rally takes a breather amid some caution ahead of NFP report Yen surges to 3½-month high, weighs on Nikkei, as BoJ speculation intensifies ISM PMI revives hopes of early Fed pivot Treasury yields slipped sharply on Thursday, hitting multi-week lows, after closely watched gauges for the United States pointed to a slowing economy. The Fed’s favourite inflation tracker – the core PCE price index [..]

Daily Market Comment – Markets steady despite Fed pivot hopes disappearing over the horizon

Posted on November 18, 2022 at 10:31 am GMT

Dollar bolstered but gains limited after Bullard calls for Fed rate to hit at least 5% Higher Treasury yields pressure Wall Street but rebound already underway Yen shrugs off Japanese CPI jump, pound wobbles on gloomy UK budget Fed ratchets up hawkish rhetoric The bombardment of hawkish talk from Fed officials continued to set the tone on Friday, as the week ends on a somewhat more sombre tone than from how it started. Hopes that slowing inflation will allow the [..]

S&P 500 rebound stalls near 200-MA as retailers take the earnings spotlight – Stock Market News

Posted on November 16, 2022 at 3:46 pm GMT

Wall Street is in the midst of another relief rally as investors pile into stocks again following the latest price indicators out of the United States reaffirming that inflation has peaked. Impressive earnings from retail giant Walmart added to the upbeat mood on Tuesday. But as the rebound begins to lose momentum, the other retailers reporting this week are unlikely to refuel the rally. Premature optimism? The S&P 500 is flirting with the key 4,000 level again, having bounced back [..]

Daily Market Comment – Fed’s Waller tempers rate pause bets, relief rally cools

Posted on November 14, 2022 at 10:40 am GMT

Dollar and yields edge up after Waller says Fed not done with rate increases But stocks evade sharp selloff as China property bailout adds to optimism Cryptos off lows despite FTX hack, gold pares gains, oil stays cautious Fed dampens hopes of early pause The US dollar got off to a steadier start on Monday and stocks were mixed after a top Fed official played down the significance of last week’s softer-than-expected CPI report in overnight comments. Speaking at an [..]

Daily Market Comment – Stocks pare post-Fed losses ahead of NFP on China hopes; BoE sinks pound

Posted on November 4, 2022 at 10:22 am GMT

Dollar off highs, stocks turn positive as China reopening chatter lifts mood But NFP report could bring Fed tightening fears back into the fore Pound left reeling after BoE hikes big, warns of long recession Hopes of China reopening ease Fed gloom The run-up to the Fed meeting and its aftermath was a rollercoaster ride that didn’t end well for stocks. Investors hoping for a dovish pivot instead got a Fed chief leaning further towards the hawkish end of the [..]

Daily Market Comment – Caution sets in after risk rally as Fed in focus

Posted on October 31, 2022 at 10:09 am GMT

Stocks wobble at start of FOMC week following surprise tech rebound Dollar edges up as rate hike expectations strengthen again Pound and aussie slip ahead of BoE and RBA decisions, commodities struggle Equities in another show of resiliency US futures slipped early on Monday and European shares were mixed as the Apple-led risk rally faded somewhat, with investors turning more cautious ahead of the Fed’s highly anticipated policy decision on Wednesday. Wall Street unexpectedly surged on Friday despite US data [..]

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