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UNITED STATES What a week we had! The rally encompassing both equities and fixed income markets had traders scratching their heads and bears getting doubling the “overpriced” rhetoric, especially since markets continued to be unresponsive to neither any negative news on the US-China or HK front, nor to the US nationwide unrest, something that in…

UNITED STATES US stocks showed 4th consecutive day of growth yesterday despite mass protests and rising tensions between Beijing and Washington– S&P added 1.4% while Nasdaq appreciated by 0.8%. The yield on 10Y USTs gained 6.1 bps to .747% level. On another note, ISM Non-Manufacturing PMI figures came above expectations – 45.4 vs 44.0. On…

OIL With the expectation that at the OPEC+ meeting Russia and other major oil producers might agree to another one-month elongation agreement of its cut on oil output, we have witnessed quite a rally on oil prices as oil price has gone past $40/bbl. It is worth noting that despite fears of a second wave…

UNITED STATES US stocks closed modestly higher on Monday despite the protests that have rocked cities. The NASDAQ closed 0.65% higher while the S&P and the DOW closed 0.37% and 0.36% higher, respectively. Yield on 10Y USTs closed higher at 0.6591%. UNITED KINGDOM UK residential properties recorded their largest price drop since the financial crisis…

Although last week marked some risk off events including the Hong Kong (HK) unrest as Beijing created national security laws in HK and as the US stated it will revoke HK’s preferential trade status under US Law, the main global equity indices still finished the week positive. What was observed in the US equity markets…

UNITED STATES Equities failed to sustain the yesterday’s gains with tensions between China and US deepening over the Hong Kong security law, passed by China. US has retaliated to the news with threats ranging from possible potential sanctions, expulsion of Chinese students from the US with ties to military schools to ending Hong Kong’s special…

UNITED STATES The S&P closed above 3000 (+1.5%) on Wednesday for the first time in 3 months supported by hopes of a faster economic recovery and despite the new route of US-China tensions over Hong Kong. President Trump‘s administration said on Wednesday that HK is no longer politically autonomous from China, which could spell dire consequences…

UNITED STATES The S&P 500 index trimmed its gains amid U.S, – China tensions, the index closed at an 11-week high as it rose 0.6% and added 1.2% on Tuesday. A bit more attention in the U.S markets would be on the U.S jobless claims reading for the week, which is tomorrow, and Jerome Powell’s…

UNITED STATES Futures for US stocks were about 2% up on Tuesday indicating a strong resumption to trading having been closed on Monday for Memorial Day. Indices had closed in the green on Friday save the DOW which was just lower at 0.03%. EUROPEAN UNION German business sentiment topped expectations in May with the Ifo…

UNITED STATES The market started the day on a weaker note, with equities extending the declines of yesterday as the US-China tensions continue escalating. President Trump has accused China to be behind a disinformation and propaganda attack on the US and Europe. In overnight macro data, US initial jobless claims decreased to 2.4mn from 2.7mn…