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The main news item over Friday and the weekend was the July non-farm payrolls report from the US. The increase was 528k, much faster than consensus for 250k and compared to 398k in June. This was the strongest payroll gain in five months and the release noted widespread job growth led by gains in leisure,…
European equity markets were relatively muted on Friday, with the FTSE All-Share modestly up +0.2% and the STOXX 600 up +0.3%. However, US equities fell, selling off through the day, led lower by growth sectors after disappointing earnings reports, particularly in social media. The S&P 500 ended down -0.9%, the Dow Jones Industrial Average down…
US equity Indices slumped on Tuesday as traders await inflation data that could add to fears of higher interest rates pushing the economy into a recession. S&P 500 and Nasdaq 100 futures were in the green this week, but European contracts dipped. The S&P 500 Index pushed lower in the afternoon to close down 0.9%, clocking its…
In the UK, the FTSE 100 fell almost 2% on Thursday to close out its worst month since the early days of the Covid pandemic with the Index falling more than 5% over the month of June. US equities rebounded to break a four-day skid in a thinly-traded Friday session that featured multiple flips between…
Equity markets ended last week on a positive note, with rises across the board on Friday, including the FTSE All-Share and Euro STOXX 600 which were both up +2.6% and the S&P 500 up +3.1%. The S&P ended up +6.5% for the week, the Dow Jones up +5% and the NASDAQ up +7%, making it…
A stock bounce reversed in Asia on Wednesday, commodities sank and the Dollar climbed amid ever-louder warnings that Federal Reserve monetary tightening may lead to an economic downturn. An Asia-Pacific share Index shed over 1%, with Chinese technology equities among the worst performers. US and European futures declined as brief optimism from a Tuesday jump in…
Markets closed down significantly on Friday and have started this week poorly. US stocks entered a bear market, Treasury yields spiked to levels not seen in a decade and the Dollar rallied as the fallout from a hot inflation reading continued to rattle global trading already shaken by worries the Federal Reserve will plunge the…
Recently the term “bear market” appear more and more in conversation. But what does it mean? Bears and bulls are common animal metaphors used in the stock market. Think about how these animals attack their prey: a bull would raise its horns upward, while a bear reaches with its head downward. Generally these terms indicate…
A late-day rally lifted US stocks on Friday, after another week-long sell-off sent the S&P 500 briefly into bear market territory. The broad measure ended the session little changed after earlier falling as much as 2.3%, bringing it more than 20% below its 3 January all-time high — the technical definition of a bear market. The…