MeritKapital News
Equities rise, bond prices fall on FEDs resolve to battle inflation
US Stocks rose, and prices of Treasuries declined further as investors continued to take in Federal Reserve’s intention to curb inflationary pressures even if it means larger interest rate increases. The S&P 500 rose 1.1% to 4,511.61, Nasdaq 100 went up 1.9% to 14,108.82 and DOW gained 0.74% to 34, 807.46.FED’s call for stronger actions…
Read MoreEquities falter, bonds yields rise on FED chair’s hawkish comments
US stocks wobbled, and Treasuries yields rose due to comments from FED Chair Jerome Powell that suggested a more hawkish stance than after last week’s FOMC meeting. Powell stated that the Fed is ready to hike interest rates by 50 bps at the next policy meeting if necessary. The S&P 500 fell 0.04% to 4,461.18…
Read MoreEquities rebound shortlived, oil rises as investors monitor diplomatic efforts to end war
U.S. stocks recovery faded while oil prices rose as traders continued to observe diplomatic efforts being deployed to end the 4-week-old war in Ukraine. The S&P 500 was at 4,463.12 while Nasdaq 100 was at 13, 893.84.WTI crude oil rose 3.2% to circa $108 per barrel as investors gauged the ongoing war as well as…
Read MoreEquities rise, oil rallies on mixed cues from Russia-Ukraine talks
Mixed signals emanating from the ongoing peace talks between Russia and Ukraine drove oil prices above $100 per barrel. U.S. stocks were up as traders continued to digest FED’s move to further raise interest rates in the coming months. WTI crude rose 2.9% to $105.95 a barrel, at the same time, the S&P 500 rose…
Read MoreEquities rise on FEDs optimistic view on combating high inflation
The Federal reserve’s reassurance to investors at the FOMC meeting held yesterday that the US economy can weather the storm amid inflationary pressures and geopolitical tensions sent the prices of stocks northwards. The Fed increased rates by 25bps and indicated rate hikes at all six remaining meetings in 2022. The S&P 500 rose 2.2% to…
Read MoreStocks rise, oil falls on hopes of a ceasefire
A seeming positive feedback emanating from the ongoing negotiations between Russia & Ukraine and China’s move to ease regulations on foreign listings sent equity prices northwards. The S&P 500 closed 2.1% higher at 4,262.45 while Nasdaq 100 increased by 3.2% to 12,948.62. WTI crude oil was at $98.58 per barrel on the hopes of progress…
Read MoreStock futures fall on impending FED rate hike and uncertainty over ukrainian war
The lingering war in Ukraine and the imminent U.S. FED monetary tightening stance sent stock futures southwards. The S&P 500 futures fell 0.6% while the Nasdaq 100 contracts dropped circa 0.5%. High inflation combined with a volatile rise in commodities due to the war in Ukraine, and the Fed’s expected rate hike this week, are…
Read MoreEquities fall as bonds yields rise on inflation risk
Stocks fell, and Bonds yields rose as investors’ concerns grew over the inconclusive meetings of a possible ceasefire and FED’s intended hike in interest rates to curb inflation. The S&P 500 fell 1.3% while Nasdaq 100 dropped 2.1%. The yield on 10-year UST’s rose 4pbs to 2.04%. The Federal Reserve is expected to begin a…
Read MoreEquity futures rise as risk off sentiments wane
Negative news emanating from the ongoing war in Ukraine and a flaming inflation data from the U.S. did not deter markets from stepping away from the risk off mode. As expected, US inflation rose to 7.9% in February from 7.5%, the highest seen in the last 40 years. S&P 500 futures rose 0.5% while Nasdaq…
Read MoreEquities bounce back, short lived even as geo-political tensions show signs of thawing
Signals of dampening tensions in the Russia/ Ukraine conflict sent stock prices northwards as market participants reappraised the risks associated with the ongoing conflict. Market sentiment picked up in the last 24 hours after a top foreign policy aide to Ukraine’s president said the country is ready to discuss Russia’s demand for neutrality if it’s…
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