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UNITED STATES A rally in tech shares sent the NASDAQ to yet another record close on Monday despite the stalling of talks over the next stimulus package. The NASDAQ’s 1.00% gain saw it notch its 33rd closing record of the year with Tesla notably gaining 11.20%. The S&P closed 0.27% higher while the DOW shed…

UNITED STATES US Treasury curve steepening was at the front of investors’ minds this week as the impressive selloff in the long end UST continues. 30Y US Treasuries widened another 5bp yesterday to 1.42% (+25bps on the week); 10Y increased 5bp to 0.72%, while 2Y yield was little changed at 0.16%. The 2s10s spread reached…

New hopes for faster US economic recovery pushed US indices to the new record highs on Wednesday – S&P 500 advanced by 1.4% to 3,380.35 level meaning that the index gained 50% from its March lows; Nasdaq appreciated by 2.1%. The yield on 10Y USTs rose 0.8 bps to 0.66% supported by the consumer prices…

Investors have begun considering the possibility that a deadlock in Washington could drastically hinder the U.S virus package stimulus package, weighing on the emerging recovery and they are left to wait and watch for signs on progress on stimulus. We witnessed the S&P 500 contracts fluctuate after the benchmark fell for the first time in eight…

UNITED STATES US stocks were mostly higher to kick off the week despite the rising Sino-US tensions. The DOW rose 1.30% while the S&P was up 0.27% – a seventh straight session of gains; the NASDAQ was lower however at -0.38%. Yield on 10Y USTs closed higher at 0.5755%. UNITED KINGDOM UK retail sales returned…

UNITED STATES US stocks closed mostly higher on Friday as the failure by Congress to agree on a stimulus package before its recess was offset by outperformance in jobs with 1.76 million jobs added in July. The DOW and the S&P manged to just eke out gains at 0.17% and 0.06% respectively while the NASDAQ…

UNITED STATES Summer volatility would be a rather appropriate way to describe the markets behaviour this week. With half of investors booking holidays and rediscovering vacation places in their own countries (thanks to COVID), any headlines are sending the indices in exaggerated moves, just to fully reverse on the next bit of information.  European equities…

UNITED STATES FOMC left the rate unchanged on Wednesday meeting with Jay Powell saying that they will stay there. FED chairman mentioned that US requires more fiscal and monetary stimulus in order to offset the shock caused by Covid-19 while the pace of QE will be left unchanged. Stocks ended the day higher – S&P…

UNITED STATES The guess for the U.S markets is we all are stuck playing the waiting game now as stocks in the U.S struggled for a bit of direction yesterday with treasuries even holding steady as well mostly due to Wednesday’s decision from the Federal Reserve’s policy meeting with a keen eye also on U.S…

UNITED STATES US stocks rebounded on Monday as investors awaited the next round of stimulus. The NASDAQ led gains, up 1.67% while the S&P and the DOW rose 0.74% and 0.43% respectively. The Republicans announced their latest $1 trillion plan after Wall Street trading. Yield on 10Y USTs closed higher at 0.6151%. EUROPEAN UNION Germany’s…