MeritKapital News
Investors focus on U.S. data
Stocks rose ahead of a series of earnings reports later in the day and after fresh labour-market data provided insight on the pace of the recovery. The S&P 500 ended Thursday up 13.13 points, or 0.30%, to 4460.83. The Dow Jones Industrial Average fell 14.88 points, or 0.04%, to 35499.85. The Nasdaq Composite dropped 51.13…
Read MoreTreasury yields falls post inflation data
The Dow and S&P 500 closed at all-time highs, shrugging of inflation report. The Dow closing higher by 0.60%% and the S&P 500 advanced by 0.2%. The Nasdaq composite traded 0.1% lower. CPI rose 5.4% from a year earlier. For the month of July, and 0.5% from previous month. Core inflation however, just rose by…
Read MoreTreasury Yields Advance Higher and US indexes at All-Time Highs
The Dow and S&P 500 closed at all-time highs following senate passing $1 trillion infrastructure bill. The Dow closing higher by 0.46%% and the S&P 500 advanced by 0.1%. The Nasdaq composite slid 0.49%, registering its second negative session in the last three sessions. The dip came as treasury yields advance, weighing on growth-oriented areas…
Read MoreGlobal Markets Mixed amid COVID-19 Delta Variant Concerns
Major US indexes ended mixed amid concerns over the covi-19 delta variant on the US Economy. The Dow closing 0.3%, the S&P 500 off 0.09% and the Nasdaq adding 0.16%. The 10-year US treasury yields had only a minor change as investors digested the jobs data and comments from the Federal Reserve while awaiting key…
Read MoreA robust jobs report on friday lifts bond yields
Sharp losses in gold and oil prices brought the Asian markets down this Monday. Driven by stop loss sales, gold traded as low as $1,684, while brent sank 2%. At the same time US Dollar reached a four-month high against the euro after a strong US jobs report lifted the bonds yields. Investors are still…
Read MoreAsian Stocks Dip as China Crackdown Widens
Major US indexes ended green yesterday as US economy continues to recover from the COVID-19 pandemic. The Dow rose 0.78%, the S&P 500 also followed with a rise of 0.60% and Nasdaq rose by 0.78%. The 10-year US treasury yields ended 4 bps up on the day, yielding around 1.2235 after weekly jobless claims data…
Read MoreOil Continues Fall as Crude Inventory Stockpiles Rises
Major US indexes ended mixed as July hiring data disappoints and as concerns rose regarding coronavirus infections and impact. The Dow dropped 0.92%, the S&P 500 also followed with a fall by 0.46%. The Nasdaq, however, rises by 0.13%. The 10-year US treasury yields ended 1 bps up on the day, yielding around 1.1820. Oil…
Read MoreRwanda raises over u.s.$600 million in fresh international bond sale
US equity contracts fluctuated in the wake of a record S&P 500 close on robust earnings which have weathered the spread of the more contagious Covid-19 variant as well as a burst of inflation attributed to pandemic-linked bottlenecks. Focus is on the key US jobs data due later in the week (Friday) which could stoke…
Read MoreOil falls by more than 3% on concerns of oversupply
Major US indexes ended mixed as investors balance unease about the spread of a more contagious coronavirus variant against another round of encouraging company earning. The Dow dropped 0.28%, the S&P 500 followed with a fall by 0.18%. The Nasdaq however rises by 0.06%. The 10-year US treasury yields ended 5 bps down on the…
Read MoreMarkets open higher with us jobs report on the agenda
We start this eventful week on a positive note with Asian stocks higher this Monday despite China reporting a slowdown in a manufacturing activity. The US Jobs report for July on Friday will be the highlight of this week. We also have a Reserve Bank of Australia policy decision on Tuesday and Bank of England…
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