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U.S. Indices closed lower as both stocks and Treasuries were sold on Wednesday, while the Dollar saw a notable bid in the wake of a hawkish Fed Chair Powell. In the FOMC rate decision, the central bank held rates at 4.25-4.50%, as expected, with Governors Waller and...
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U.S. Indices closed on Tuesday amid a deluge of earnings, which saw Industrials reside as the sectoral laggard and hit by Boeing (BA) (-4%) and UPS (UPS) (-10.5%) post-results, with the latter weighed on as it did not provide revenue or operating profit guidance amid...
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U.S. Indices closed mixed on Monday with markets chopping to the US/EU trade announcement. The news of the deal, which includes a 15% tariff, was initially hailed by markets as a step in the right direction, but sentiment on the deal swiftly turned. European officials...
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U.S. Indices closed higher on Friday amid trade optimism ahead of a key risk week. Sectors were predominantly firmer with outperformance seen in Materials, Industrials and Consumer Discretionary, while Energy, Communication, and Real Estate lagged. The outperformance...
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U.S. Indices closed higher while Treasuries were hit on Wednesday, with focus on trade updates. The US announced a trade deal with Japan where Japan will pay a 15% tariff on imports to the US, down from the previous 25%, while focus has also been on a touted EU deal,...
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U.S. Indices closed the day mixed on Tuesday, as the tech-heavy NASDAQ 100 lagged and was weighed on by weakness in mega-cap names Nvidia, Microsoft, Broadcom, and Netflix, while the Russell 2000 pared Monday’s losses. Amid a lack of tier 1 data and Fed blackout...
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U.S. Indices were predominantly bid on Monday, with upside led by the NASDAQ thanks to gains in the heavyweight tech stocks, while the equal-weighted S&P (RSP) and Russell underperformed. Sectors were more mixed, with strong outperformance in communication and...
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U.S. Indices were choppy on Friday, with early upside faded amid mixed sectoral performance. Utilities, Consumer Discretionary and Real Estate outperformed, while Energy, Healthcare and Communication lagged. The focus on Friday was largely on commentary from Fed...
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U.S. Indices chopped to a cool PPI and mixed messages about Fed Chair Powell’s future. Equities finished the day green with outperformance in the Russell after the prior day’s underperformance, while Nasdaq lagged after Tuesday’s outperformance....
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U.S. Indices closed mixed as the focus of the day was largely on the June CPI report, which was mixed on the headline and core prints, initially sparking a dovish reaction. However, once the internals of the report were digested, like the 0.7% rise in core goods, it...
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U.S. Indices closed with slight gains on Monday, with the upside seen predominantly in the US session, paring weakness overnight in response to Trump’s 30% tariff letter to the EU and Mexico. Sectors were mixed, with Communication and Financial stocks...
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U.S. Indices closed in the red but well off the earlier lows, while T-notes were sold across the curve while the U.S. Dollar was strong. The focus continues to lie on Trump’s tariff letters, with the latest seeing a 35% tariff on Canada, while the EU letter is...
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U.S. Indices closed higher on Wednesday, tracking Europe higher throughout the morning. US indices peaked around the US open before paring into the European close, before pushing higher into the US close. Sectors were predominantly green with Utilities, Communication...
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U.S. Indices saw slight losses on Tuesday amid a lack of tier 1 US data or Fed speak, as President Trump’s tariff updates dominated the news – after sending out 14 trade letters on Monday, Tuesday he noted the tariffs will start to be paid on August 1st,...
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