Opinion – Tuesday 25 August 2020

Despite the fact that talks on the next U.S. Stimulus Bill will not start for another couple of weeks at the earliest, COVID-19 treatment optimism boosted markets. The U.S. Food and Drug Administration (“FDA”) said it had granted emergency use...

Opinion – Monday 24 August 2020

Both the S&P and NASDAQ closed at new all-tine highs on hopes the U.S. Economy is rebounding faster than anticipated. Markit’s U.S. PMI data for August was stronger than expected, showing strength versus July’s data. Strength was broad based in both...

Opinion – Friday 21 August 2020

U.S. Indices reversed earlier declines following the release of the Weekly Jobless Claims where labour market data missed expectations. Weekly Jobless Claims climbed back above 1 million, while Wall Street was expecting another decline. Continuing Claims, which...

Opinion – Thursday 20 August 2020

U.S. Indices closed lower following the release of Federal Reserve Meeting Minutes which weighed on the market in the last hour of trading. Language suggested members of the rate-setting Federal Open Market Committee were less willing to provide interest-rate...

Opinion – Wednesday 19 August 2020

Both the NASDAQ and S&-P closed at new all-time highs last night while the Dow struggled after poor earnings from Walmart. Senate Republicans were said to be considering the introduction of a smaller Coronavirus-stimulus package according to Senate aides. The...

Opinion – Tuesday 18 August 2020

U.S. Indices closed mixed as there was still no breakthroughs on a stimulus agreement, though White House Chief of Staff Mark Meadows met with House members over the weekend to try and revive stalled negotiations. There was also news on the vaccine front....