All Articles Tagged - US500

Daily Market Comment – Dollar slips further as easing rate hike bets bolster stocks

Posted on August 1, 2022 at 9:37 am GMT

Dollar spun around by mixed data, eventually resuming its slide along with yields Tech and oil earnings stretch S&P 500’s monthly gain to 9% But some caution as weak Asian manufacturing PMIs lift yen Fed rate hike bets continue to waver The US dollar has started August on the backfoot as markets are increasingly convinced that the Federal Reserve’s rate hike days are numbered, while Wall Street has just notched up its best month since November 2020, cheered by more [..]

Daily Market Comment – ECB hikes big, euro unimpressed; stocks wobble on earnings, growth doubts

Posted on July 22, 2022 at 9:34 am GMT

Euro jumps then falls on ECB’s surprise 50-bps hike as Lagarde fails to inspire confidence Weak PMIs, Snap’s ad warning and rise in US jobless claims re-ignite slowdown concerns Dollar firms but fallout in equities contained by sliding bond yields ECB frontloads rate hikes but new tool troubles euro The European Central Bank threw its rule book out the window on Thursday as policymakers defied their own forward guidance of a 25-basis-point rate hike to lift their three main lending [..]

Daily Market Comment – Euro edges up on Nord Stream relief, awaits ECB outcome

Posted on July 21, 2022 at 9:04 am GMT

Euro buoyed as gas flows resume ahead of ECB decision, but turmoil in Italy Earnings lift S&P 500 to 6-week high but stocks mixed today Gold slumps to one-year low as it loses out to rising rates, bullish dollar All eyes on size of ECB rate hike and new bond tool The euro is clawing higher ahead of the European Central Bank’s widely anticipated interest rate rise – the first in 11 years – later today. There is some uncertainty [..]

Daily Market Comment – Wall Street rallies on earnings boost, euro hits 2-week high on ECB bets

Posted on July 20, 2022 at 9:14 am GMT

Gloom fades further with the help of earnings as stocks rally, dollar retreats Euro extends recovery as ECB decision looms, gas supply fears subside Pound rises on hawkish BoE but political risks cap gains Have stocks reached a bottom? The market mood improved dramatically overnight after Wall Street notched up its best daily gains in almost four weeks. After the recent avalanche of dreadful headlines, things appear to be looking up somewhat, leading some investors to speculate whether the worst [..]

Daily Market Comment – Stocks falter as Apple weighs but dollar remains soft, euro rallies

Posted on July 19, 2022 at 8:45 am GMT

Equity rebound stumbles as Apple dents optimism ahead of tech earnings Euro rebound gains traction on ECB sources as gas flow resumption awaited Dollar stays on the backfoot, aussie jumps on hawkish RBA minutes Wall Street looking shaky again amid uncertainties Market sentiment remained broadly positive on Tuesday but there was a greater sense of cautiousness amid worries about the earnings outlook, ongoing recession fears and some apprehension ahead of the policy decisions by the European Central Bank and Bank [..]

Daily Market Comment – Sentiment improves on data, easing Fed fears; stocks and euro edge up

Posted on July 18, 2022 at 9:14 am GMT

Strong US retail sales and softer inflation expectations lift Wall Street Dollar knocked off highs as 100-bps Fed rate hike bets pared back Euro tries to distance itself from parity but Italy and gas supply risks cap gains WTI oil tests $100 on summer demand after Biden’s Saudi trip bears no fruit Stocks set for positive start to week Equity markets got off to a buoyant start on Monday as recession panic continued to subside following some encouraging data out [..]

Daily Market Comment – Stocks stage mild rebound, pound climbs as Johnson set to quit

Posted on July 7, 2022 at 9:27 am GMT

Stocks in recovery mode despite hawkish Fed minutes, which spur yields higher Lower commodity prices might be aiding sentiment as WTI falls below $100 Pound catches a bid on speculation PM Johnson is about to resign Recession gloom eases as stocks edge up The cloud has started to lift slightly over the markets even as recession risks remain elevated and worries about overtightening by the Fed and other central banks persist. The broad pullback in government bond yields appears to [..]

Daily Market Comment – Euro pinned near 20-year low as recession worries mount but stocks inch up

Posted on July 6, 2022 at 9:17 am GMT

Euro languishes near two-decade low, dollar stands tall amid heightened recession angst Stocks show sign of life, oil edges higher but copper slips to new lows Fresh political storm adds to pound’s woes as Johnson’s future in doubt 2Y/10Y yield curve inverts ahead of Fed minutes Euro hammered by energy crisis Market sentiment remained mired in recession anxiety as the latest spike in natural gas prices fuelled concerns that the energy crisis will drag Europe into a major economic slump. [..]

Daily Market Comment – Dollar softer after spike as Fed rate hike bets recede further

Posted on July 4, 2022 at 9:04 am GMT

Markets steadier despite recession signs as Fed tightening bets scaled back Dollar edges down while lower yields shore up Wall Street Aussie leads the gainers ahead of expected RBA rate hike A fragile calm amid recession red flags Trading got off to a relatively calmer start on Monday, with the US dollar backing away from more than two-week highs and global equities moving higher on the back of Wall Street’s gains on Friday. European government debt was under slight pressure [..]

Daily Market Comment – Dollar stalls, stocks given a lifeline as rate hike bets scaled back

Posted on June 24, 2022 at 9:21 am GMT

European and US PMI data underscore recession risks, dampen price outlook Falling commodity prices add to reduced inflation expectations Investors go back to the drawing board for central bank rate hike paths Stocks rejoice as yields slip too, but dollar consolidates Recession risks loom large Speculation that the major economies in Europe and America are on the verge of tipping into a recession continues to intensify as the flash PMI reports for June have provided fresh evidence that growth is [..]

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