|Day's Range||28,435.06 - 28,701.60|
|52 Week Range||24,540.63 - 31,592.56|
Treasuries fell and U.S. stock index futures nudged higher on Tuesday as investor fears brought on by the inversion of a key part of the yield curve showed signs of ebbing. The yield on benchmark U.S. debt rose after closing below 2.4 percent on Monday, though the spread between three-month and 10-year rates remained in negative territory. Traders remain on edge following increased volatility at the end of last week after European data disappointed and the U.S. yield curve inverted -- a key recession indicator for many in the market.
Asian shares drifted higher on Tuesday after two days of losses as U.S. 10-year Treasury yields edged up, but the outlook remained murky as investors weighed the odds of whether the U.S. economy is in ...
Risk aversion hits the markets early, as Theresa May prepares to lay down her Brexit plans in a bid to gain support for her deal. A resignation?
As bond yields in Australia and New Zealand plumbed all-time lows in Monday trading, Asian stocks are heading for the biggest slide of 2019 and measures of market volatility are surging, albeit off low levels. MSCI’s gauge of Asia-Pacific shares was down about 2 percent as of 1:20 p.m. Monday in Hong Kong, set for the largest drop since October. The Nikkei Stock Average Volatility Index jumped as much as 31 percent, the most since October, and the equivalent gauge for Hong Kong’s Hang Seng Index climbed 11 percent, though the low starting point highlights how placid things had become prior to Friday.
Li Ka-shing, the self-made billionaire who over seven decades turned a plastic flower business into a global empire spanning ports and property to telecommunications and retailing, last March announced he would retire. Twelve months later, Victor Li, 54, has learned a tough lesson about being the follow-up act to a legendary figure in Hong Kong and investors have been pretty unforgiving so far. The stock price of the family’s flagship company, CK Hutchison, has dropped 16 percent in the year since Li Ka-shing announced his retirement.
West Texas crude and gold declined. After the Federal Reserve announced yesterday that it had no plans to raise rates in 2019, stocks resumed the year’s upward charge. “It’s a confirmation that the market was right that we didn’t need such aggressive Fed policy,” said Hank Smith, co-chief investment officer at Haverford Trust, which manages $8.5 billion.
Growth outlook, Brexit Chaos, and Trade fears weigh on global indices with no end to the turmoil in sight.
Traders woke up to Federal Reserve Chairman Jerome Powell’s comments that the central bank would keep interest rates on hold for “some time” as global risks weigh on the U.S. economy and inflation remains muted. It’s the most intense day for earnings in Hong Kong since October 2017, with the benchmark gauge on the brink of a bull market and traders looking for any signs the good times will continue to roll. Tencent, the biggest component of Asia’s benchmark index, comes into its latest report on a wave of investor optimism.
Shares in Asia mostly rose on Thursday after the U.S. Federal Reserve announced it was keeping interest rates on hold, and indicated that no more rate hikes would be coming in 2019.
U.S. negotiators are worried China is pushing back against American demands in the trade talks, according to people familiar with the discussions. Let’s start in Hong Kong, where the local dollar has emerged as one of the losers amid the screaming rally in Chinese stocks this year. Investors are selling the currency for the yuan and buying mainland shares, according to strategists at Bank of America Merrill Lynch.
A rally in equities sputtered out after a report that U.S. and Chinese negotiators remain at odds on aspects of their current trade talks. Treasury yields narrowed and Texas crude declined. The S&P 500 Index ended the session little changed Tuesday on word that Trump administration officials are concerned that China is pushing back against U.S. demands.
FOMC meeting in sharp focus, Brexit Blocked, markets flat but big moves are in store.
Another FOMC meeting comes into focus while traders wait anxiously for news on U.S./China trade talks.
The Pound was the leader of the pack, with a vote against a no-deal departure and a Brexit extension providing much-needed support.
No-Deal Brexit is off the table, at least that’s what the UK says, but it may not matter. If the EU doesn’t agree the UK may have no choice.
The pound jumped as the U.K. parliament voted to reject a no-deal Brexit. The S&P 500 Index climbed for a third day, wiping out last week’s losses and reaching a four-month high as it held above the key 2,800 level. The U.S. data signaled a positive start to the year for the world’s biggest economy and little pressure on the Federal Reserve to raise interest rates, just as investors were digesting disappointing numbers from Japan and Australia.
May’s Brexit deal gets voted down again, now lawmakers must decide what to do next and that decision will move the market.
The city’s two main benchmarks are hardly doing badly, but gauges on the mainland -- after a grim 2018 -- are eclipsing them and just about every other worldwide. While onshore shares slid on Wednesday in a volatile trading day, the renewed enthusiasm for yuan-denominated stocks means the Hang Seng Index is lagging the Shanghai Composite this quarter by the most since 2015. The gap in performance has widened enough to make A shares pricier than stocks in Hong Kong for the first time since October.
U.S. stocks capped a second day of gains, while Treasuries rallied after weak inflation data bolstered bets the Federal Reserve can stay patient. The pound fell as the U.K.’s Brexit turmoil deepened. While the S&P 500 Index pushed its two-day gain to 1.8 percent, Brexit and renewed turmoil for Boeing dominated headlines throughout the day.
Theresa May secured legally binding changes to the Irish Backstop but the AG says its not enough to protect the UK.