MID MORNING MARKETS 29-01-18

OVERNIGHT SPI FUTURES +30 US EQUITIES – S&P500 +34 (+1.18%), Dow Jones +224 (+0.85%), Nasdaq +95 (+1.28%). More record highs Main themes – President Trump pitches investing in the US to international companies at the World Economic Forum in Davos, Switzerland and also warns about the consequences of unfair trade. US dollar down half a… Continue reading MID MORNING MARKETS 29-01-18

MID MORNING MARKETS 20-12-17

OVERNIGHT SPI FUTURES -11 US EQUITIES – S&P500 -9 (-0.32%), Dow Jones -37, Nasdaq -31 (-0.44%) Main themes – Technology sector underperformed. FANGS show broad weakness. Apple -1.1% after Nomura Instinet downgraded to Neutral from Buy, saying stock’s gains for the iPhone X supercycle are in the late innings and the supply-demand balance for the… Continue reading MID MORNING MARKETS 20-12-17

MID MORNING MARKETS 19-12-17

OVERNIGHT SPI FUTURES +29 US EQUITIES – All reached intra-day highs S&P500 +14 (+0.54%), Dow Jones +140, Nasdaq +58 Main themes – Major indices hitting intra-day records Positive day regarding tax bill – House of Representatives expected to hold a tax bill vote on Tuesday, the biggest aspect of which is a cut in the… Continue reading MID MORNING MARKETS 19-12-17

MID-MORNING MARKETS 15-12-17

OVERNIGHT SPI FUTURES +-3 US EQUITIES – S&P500 -11 (-0.41%), Dow Jones -77, Nasdaq -19 Main themes – Stronger than expected retail sales data – up 0.8%. ECB and BofE leave rates unchanged EUROPEAN MARKETS – All lower after ECB left rates unchanged. STOXX -0.46%, UK FTSE -0.65%, German Dax -0.44% and French CAC -0.78%.… Continue reading MID-MORNING MARKETS 15-12-17