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U.S. Indices closed mixed again on Wednesday, while the Dollar finished flat with Bonds strong. Sectors were mixed, with Utilities, Tech, and Energy outperforming, with Tech names largely boosted by Oracle (ORCL) after rallying post-earnings with a chunky RPO of USD...
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U.S. Indices closed mixed, with the S&P and NASDAQ 100 seeing slight gains, while the RUSSELL lagged, weighed by higher US yields. Amid Fed blackout, the US highlight on Tuesday was the Preliminary BLS Benchmark total payroll revisions for March 2025, which were...
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U.S. Indices closed little changed on Monday, although outperformance was seen in the NASDAQ 100 thanks to gains in the Tech and Consumer Discretionary sectors. On the flipside, Utilities, real Estate and Consumer staples underperformed while overall breadth was weak...
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U.S. Indices closed mixed, as stocks were choppy, bonds rallied, and the Dollar was soft after another weak US jobs report. The headline print missed analyst expectations at 22k, with three of the last four months printing below the breakeven estimate (see more...
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U.S. Indices closed mixed, while T-notes were bid and the Dollar soft. The mixed equity performance saw the Nasdaq and S&P outperform, largely a function of upside in Google and Apple, leading to the Communication and tech sectors outperforming. The upside was...
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U.S. Indices closed in the red on Tuesday, as participants returned from the long Labour Day weekend, but were hit by the broader risk aversion amid numerous factors. In particular, but not limited to, the US appeals court ruling on Trump tariffs as illegal,...
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A quiet start to European trading following Monday’s subdued session due to the Labour Day Holiday in America. Gold is the notable exception having hit a high at 3509 overnight before selling off, trading at 3485 as I go to post. The Euro is weaker, trading with a...
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U.S. Indices closed lower on Friday with underperformance in the NASDAQ while the Dow outperformed. Sectors, however, were mixed, with Tech and Consumer Discretionary posting the largest losses, while Consumer Staples and Health Care outperformed. The focus on Friday...
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U.S. Indices closed higher on Wednesday, with the Russell outperforming and the NASDAQ lagging. Sectors were predominantly firmer, with Energy the clear outperformer while Communication lagged. Tech was bid ahead of NVDA earnings after-hours. T-notes continued to...
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U.S. Indices closed higher with outperformance in Industrials, Financials and Tech, while Consumer Staples, Real Estate and Communication lagged. Stocks had initially pared from highs into the closing bell ahead of a last minute rally. Note, today is the effective...
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U.S. Indices closed lower as the moves on Monday were largely an unwind of the post-dovish Powell moves on Friday. Stocks and bonds were sold while the Dollar was stronger. Stocks were lower with all Indices in the red, while small caps took the largest hit after...
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U.S. Indices closed at record highs on Friday. Fed Chair Powell set the tone of trade for Friday after he alluded to a September rate cut (more below), despite many expecting the Fed Chair to signal a wait-and-see approach given data is due between now and September...
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U.S. Indices saw two-way action on Wednesday but ultimately closed mixed with a downward bias. The big-tech weakness continued to weigh on Indices, while the equal-weight S&P was marginally lower. Elsewhere, T-notes were firmer for a lot of the session but...
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U.S. Indices sold off on Tuesday, with weakness led by the mega-cap tech stocks, seeing the NASDAQ underperform, with the Financial Times citing the tech weakness to a MIT paper questioning returns from new technology, which has punctured Wall Street enthusiasm....
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