After falling for two consecutive trading weeks, the S&P 500 started this week on a mixed note. It stayed range bound on Monday and staged a brief recovery.
Wall Street’s gains were substantial on Tuesday, but traders remain cautious. New Home Sales will come from the States today. Tomorrow the Jackson Hole Symposium will get underway and impact the broad markets. NASDAQ and Fragile Sentiment, Central Bankers Awaited On New Home Sales will headline U.S data today. But tomorrow’s Jackson Hole Symposium looms large … Continue reading Jackson Hole Summit Begins to Loom Large for Investors, US Futures Point to Lower Open
European stock markets move sideways after a largely positive session in Asia. The DAX tried to move higher in early trade but was knocked back by stronger than expected PMI readings, which revived tapering concerns and saw the EUR/USD moving higher again. The FTSE 100 meanwhile started lower but managed to recover losses. Eurozone peripherals … Continue reading Strong European PMI Data Revives Tapering Concerns