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....

Opinion – Monday 17 August 2020

U.S Indices recovered from earlier losses to close flat on Friday in a low-volume trading session. Investors weighed stimulus headlines with economic data. Speaker of the House Nancy Pelosi (D-CA) said stimulus negotiations would not restart unless Republicans were...

Opinion – Friday 14 August 2020

Despite a much stronger than expected Weekly Jobless Claims, both the Dow and S&P closed lower. Weekly Jobless Claims fell below 1 million for the first time since March. Continuing Claims, which represent those that have filed for Unemployment for at least two...