Opinion – Thursday 13 June 2024

The cooler-than-expected inflation data set the tone for the day with stocks closing well in the green with T-Notes firmer across the curve and the U.S. Dollar in the red. The softer-than-expected inflation metrics saw money markets revert to fully price in two 25bp...

Opinion – Wednesday 12 June 2024

Both the NASDAQ 100 and S&P 500 closed at new all-time highs last night while the Russell 2000 and Dow Jones closed lower. The NASDAQ outperformed helped by the 7% gain in Apple Shares following an upgrade from DA Davidson in the wake of the WWDC event on Monday....

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...