Opinion – Tuesday 11 June 2024

U.S. Equity Markets closed higher on Monday despite risk-off in Europe following the EU Parliamentary elections over the weekend which saw the Far-Right parties make notable gains, with French President Macron ultimately calling a snap election. Equities clawed back...

Opinion – Monday 10 June 2024

U.S. Equity Markets closed slightly lower on Friday after a trading session that saw plenty of two-way price action in response to the hot Non-Farm Payrolls report, which also heavily weighed on bonds and gave a rally to the U.S. Dollar. Stocks had clawed back losses...

Opinion – Thursday 6 June 2024

Equity Markets closed higher on Wednesday led by new all-time highs in both the NASDAQ 100 and S&P 500 as markets digested a soft ADP, a Bank of Canada rate cut and hot US ISM Services PMI. Stocks were trending higher as US players arrived and extended to record...

Opinion – Wednesday 5 June 2024

The risk tone was cautious, with equity futures trading negative in premarket, before paring losses as US traders arrived. Cash equities opened with a soft bias, and after some fleeting choppiness after the JOLTs jobs data, resumed to the downside as growth concerns...

Opinion – Tuesday 4 June 2024

U.S. Equity Markets ultimately finished the Monday session mixed. Growth fears initially weighed on sentiment after the US Manufacturing ISM headline fell by more than expected. Within the data the Prices Paid component slipped beneath all analyst expectations. The...

Opinion – Thursday 30 May 2024

A session which lacked fresh macro catalysts saw US equity futures lower, with higher yields once again acting as a headwind for stocks. The docket was quiet, but a 7 Year Treasury Auction catalysed another sell-off in Treasuries, resulting in the curve bear...