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Sunday marked a record increase in global coronavirus cases with a 230k increase in cases recorded. The pool of countries contributing the most to the increase in cases is comprised by the usual suspects US, Brazil, India and South Africa. In the US, Florida keeps hitting daily records in number of infections with Sunday’s reading…

UNITED STATES We came to work yesterday to see a sea of green and futures pointing higher, the screens were being lifted and Brent moved all the way up to $43.5/b levels. It looked like the week would end on a good note and with a happy mood… and then “screech, halt, thud” happened. The…

Despite the increasing rate of new infections in US (record one-day jump of 62,000 new infections on Wednesday), the stock market closed the day higher with Nasdaq hitting another record high level (10,492.5), appreciating by 1.4% while S&P gained 0.8%. The yield on 10Y USTs closed 2.4 bps higher at .665% level. Improved demand for…

UNITED STATES Futures on the S&P 500 dipped after the gauge closed lower (Futures on the S&P 500 Index fell 0.3%) snapping its 5-day win streak as investors continue to grew weary of the economic, public-health and policy response to the coronavirus pandemic with almost six shares falling for every one that gained. Benchmark Treasury…

UNITED STATES US stocks resumed trading on a high following the Fourth July Weekend, brushing off concerns over surges in new COVID-19 infections. The tech-heavy NASDAQ gained 2.26% to post a new record while the DOW and the S&P gained 1.78% and 1.58% respectively. Yield on 10Y USTs closed slightly higher at 0.6759%. UNITED KINGDOM…

UNITED STATES US stocks closed higher on Wednesday supported by improving economic data and news of a potential coronavirus vaccine by BioNTech, S&P gained 0.5%, Nasdaq added 1%. The yield on 10Y USTs advanced by 21 bps to 0.67%. However, the number of new virus cases in US topped 50k/day for the first time and…

UNITED STATES In the U.S markets earlier in the day we witnessed the DOW and S&P 500 booked its best quarterly performance in 20years despite eventually sliding after the gauge rounded out a 20% second-quarter surge with U.S. consumer confidence posting its biggest rise since 2011., while the NASDAQ COMPOSITE had its best quarter since 1999, recovering…

UNITED STATES US stocks rebounded on Monday even as the prospects of a resurgence of COVID-19 lingered with several states re-imposing restrictions on business opening. The DOW led gains, up 2.32% while the S&P and the NASDAQ gained 1.46% and 1.19% respectively. Yield on 10Y USTs closed lower at 0.6234%. UNITED KINGDOM UK Q1 GDP…

UNITED STATES The US has got it bad, at least that is what seems to be grabbing the markets’ attention lately. With the COVID cases rising to have surpassed 10 mio globally and states pausing the lockdown easing, the fears of the “second wave” of the virus (or the “uncontained first wave” in some opinions)…

UNITED STATES A stronger shift in the markets late in the day has come as a nice surprise yesterday, pushing equities, bonds and oil up in the matter of minutes after a generally weaker tone during the European session, especially after the US Initial Jobless claims data for the week came as a small miss…