All Articles Tagged - US500

European Open Preview – Dollar gains, euro tumbles; Eurozone flash inflation and US core PCE due

Posted on September 28, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.17% against a basket of six major currencies on Friday, extending the significant gains it recorded in the previous session. The euro, which holds the largest weight by far among those six currencies, edged lower as concerns around the Italian budget intensified. STOCKS: Wall Street roared back on Thursday, with all the major indices closing in the green, aided by gains in tech giants like Apple [..]

European Open Preview – Dollar capitalizes on euro jitters; German inflation coming up

Posted on September 27, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies– is higher by 0.35% on Thursday. This is owed mainly to weakness in the currency that has the biggest weight in this index by far, the euro, which is under pressure amid fresh worries around the Italian budget situation. The kiwi, meanwhile, responded little to the RBNZ rate decision overnight, though it is trading lower overall [..]

European Open Preview – Dollar consolidates ahead of Fed, rate guidance to drive the currency

Posted on September 26, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is practically unchanged on Wednesday (+0.02%), ahead of the Fed decision later today (1800 GMT), where a quarter-point rate increase is seen as a done-deal. The pound moved higher, outperforming its peers amid signs that the EU is finally ready to make concessions on the Irish border. Meanwhile, kiwi/dollar bounced earlier today (+0.23%), with an RBNZ rate decision also being on the menu for today (2100 GMT). STOCKS: Wall Street [..]

Stock Market News – Is Tesla a “buy” once fundamentals take center stage?

Posted on September 25, 2018 at 1:11 pm GMT

A “going private” tweet by CEO Elon Musk and a series of senior executive departures within the span of a few weeks have been weighing on Tesla’s stock and keeping the company in the news. Once the dust settles though and the fundamentals become the primary driver of the corporation’s shares, one has to ponder whether the recent depreciation provides an opportunity to buy. “Am [sic] considering taking Tesla private at $420. Funding secured.” This is the now “famous” (maybe [..]

European Open Preview – Euro pares Draghi-induced gains; trade, Brexit and eurozone politics eyed

Posted on September 25, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is higher on Tuesday, albeit by less than 0.10%, looking to extend the marginal gains it posted in the previous session. Meanwhile, the euro spiked higher after ECB chief Mario Draghi struck a more upbeat tone with regards to the bloc’s economic outlook. The pound also bounced as the UK’s Brexit Secretary Raab downplayed some fears. All these came largely at the expense of the yen, which was the [..]

European Open Preview – Dollar modestly up; sentiment sours as China cancels trade talks

Posted on September 24, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – is higher on Monday (+0.12%), looking set to extend the gains it recorded in the previous session. The safe-haven yen is also a little higher while risk-sensitive currencies such as the aussie and kiwi are lower, following news that China won’t attend the trade talks it had planned with the US. In the UK, the [..]

US Open Preview – European equities march higher as dollar consolidates losses; Canadian data in focus

Posted on September 21, 2018 at 12:12 pm GMT

Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of six major currencies traded higher by 0.1% after touching its lowest since early July of 93.81 earlier on Friday. Still, the index mostly consolidated yesterday’s considerable losses. Dollar-advancing on Friday was most evident against the yen and sterling. The former, unable to attract safe-haven flows, took a beating lately. Evidently, dollar/yen, euro/yen and pound/yen scaled two-, five- and four-month highs on Friday; the latter [..]

European Open Preview – Yen & dollar pummeled amid stock exuberance; key Eurozone and Canadian data due

Posted on September 21, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is higher by a marginal 0.05% on Friday, recouping some of the significant losses it posted in the previous session as risk appetite remained firm and investors pared back more of their safe-haven bets on the US currency. The haven-perceived yen was also on the back foot, performing even worse than the greenback amid this risk-on environment. Meanwhile, the euro and sterling capitalized, both staging a spectacular recovery [..]

European Open Preview – Sterling remains turbulent amid EU summit; UK retail sales coming up

Posted on September 20, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is down by 0.10% on Thursday after ending the previous session practically unchanged, failing to capitalize on a sustained surge in longer-term US bond yields. In the UK, the British pound had a turbulent ride amid Brexit news. Meanwhile, commodity-linked currencies such as the loonie, aussie, and kiwi staged a quiet comeback as worries over global trade eased. STOCKS: It was a mixed session in the US on Wednesday. The Dow Jones (+0.61%) [..]

European Open Preview – Markets brush aside trade concerns; UK inflation in the spotlight

Posted on September 19, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is lower on Wednesday, albeit not by much (-0.12%), giving back the slight gains it posted yesterday. The yen plunged across the board as investors rotated out of safe assets, after the US-China trade confrontation was perceived to be milder than feared. Meanwhile, risk-sensitive currencies like the aussie and kiwi recovered some lost ground. STOCKS: US markets climbed on Tuesday, shrugging off trade worries as the tariff actions by both China and [..]

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