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U.S. Indexes rallied on Monday, paring some of the downside seen on Friday. U.S. President Trump announced China will face a 100% tariff from November 1st, late on Friday, but later suggested that everything will be “fine”. Treasury Secretary Bessent...
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U.S. Indexes plummeted on Friday while havens rallied as US President Trump reignited trade concerns. In response to China’s rare earth export controls, Trump threatened massive tariffs on China, noting that other countermeasures are also under consideration. He...
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U.S. Indexes closed higher on Wednesday with upside led by the NASDAQ as tech stocks, namely NVDA, outperformed while the Dow lagged. Progress on the government shutdown was lacking, but there was some optimism in France regarding political instability and optimism on...
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U.S. Indexes closed lower on Tuesday, with weakness seen in the wake of reports in the Information that internal data shows the financial challenge of renting out NVIDIA (NVDA) chips and its impact on margins. This hit the large-cap tech sectors and weighed on Indices...
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U.S. Indexes closed primarily green with outperformance in the NASDAQ on Monday thanks to the rally in AMD shares. AMD has signed a deal with OpenAI, with OpenAI to deploy 6 gigawatts of AMD GPUs based on a multi-year agreement. Sectors were predominantly firmer, with...
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U.S. Indexes closed the final session of the week mixed, with the tech-heavy Nasdaq 100 (-0.4%) lagging, and the small-cap Russell 2000 (+0.7%) outperforming. The former was weighed on by weakness in NVDA, AMZN, META, TSLA, and PLTR, which saw large-cap sectors...
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U.S. Indexes added to recent gains despite early weakness following the government shutdown. Outperformance was in the NASDAQ 100 while sectors were more mixed. Health Care was the clear laggard as the sector continues to benefit from President Trump’s...
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U.S. Indexes broadly saw slight strength to settle around highs as they saw a bid through the US afternoon and into Month/Quarter-end, although the Russell 2000 did still close marginally in the red. There was little headline driver for the paring of losses seen,...
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U.S. Indexes saw mild gains to start the week as NVIDIA gains (PT raise at Jefferies) supported in light newsflow, with Fed speak coming via Williams, Musalem, and Hammack, and US data in Pending Home Sales, which was better than expected. On the Fed footing, little...
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U.S. Indexes closed the final session of the week in positive territory following strength in wake of the US PCE report for August, which saw all the major metrics print in line. Treasuries saw two-way action on PCE, while the Dollar sold off. In the FX space, the...
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U.S. Indexes closed lower, and it was largely one-way traffic from the sell-off at the open, albeit on no particular headline driver. The Dollar saw notable gains as it attempted to retrace its WTD losses, so far, which weighed on all G10 FX peers. The Australian...
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U.S. Indexes closed lower, putting the recent rally on standby for now. The sector breakdown saw Energy outperform amid a rebound in crude prices; meanwhile, Consumer Discretionary and Technology lagged. NVIDIA (NVDA, -2.8%) pared some of Monday’s upside on the...
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U.S. Indexes closed higher on Monday, owing a large part of the gains to a strategic partnership announced between NVIDIA and OpenAI. The deal is to see NVDA invest up to USD 100 billion in OpenAI, deploying 10GW of AI centres, first to deploy in 2026. NVDA (+3.9%)...
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U.S. Indexes closed higher on Friday led by the S&P 500 hitting fresh record highs while the majority of sectors were green. Upside was led in Tech with the heavy cap stocks outperforming, leading to the NASDAQ 100 outperforming, while the Russell 2000 pared from...
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