MeritKapital News
Investors are concerned with the growth outlook
U.S. stock index futures dropped after Amazon.com Inc. gave a lackluster sales forecast for the current period and investors remained concerned about Beijing’s tightening regulations. The slump in futures came after a rally on Wall Street that pushed stocks back toward all-time highs on Thursday amid easing concerns over the world’s largest economy and the possibility of…
Read MoreOil edges higher on inventory drawdown
Major US indexes ended mixed as Fed keep the benchmark lending rate near zero. The Dow dropped 0.36%, the S&P 500 also followed with a fall by 0.02%. The Nasdaq however rises by 0.70% as FAANG earnings impress. The 10-year US treasury yields ended 1 bps down on the day, yielding around 1.2360. The DXY…
Read MoreNigeria holds rate, to launch digital currency
In the U.S, equities traded lower as megacap technology stocks including Apple Inc & Microsoft tumbled ahead of their earnings reports due after market close. The tech-heavy NASDAQ 100 was heading to its biggest one day drop in more than two months as all three of the major American indexes fell from their all-time highs.…
Read MoreTunisia suspends government, parliament amid protests
US stocks notched another set of records on Monday ahead of the Fed meeting on Wednesday. The DOW and S&P closed 0.24% higher each while the NASDAQ gained a comparatively muted 0.03% as strong performance in big tech just outweighed selling in Chinese tech. Yield on 10Y USTs closed higher at 1.2896%. The BoE looks…
Read MoreMarkets open down on regulatory clampdown in China
We start this week in a risk off mood with Asian shares dropping to a seven-month low as regulatory concerns grow in China. Delta variant continues spreading around the world with some German politicians calling for tough restrictions on unvaccinated people. Bitcoin surges and oil is down this Monday. Attention this week will be on…
Read MoreStocks gain as earnings top forecasts
The U.S. stock market fluctuated as strong corporate earnings results and an accommodative stance by the European Central Bank were offset by a larger-than-expected increase in initial jobless claims. The S&P 500 ended on Thursday down 8.79 points, or 0.20%, to 4367.48. The Dow Jones Industrial Average fell 25.35 points, or 0.07%, to 34823.35. The…
Read MoreFitch affirms Mozambique at ‘CCC’
U.S. stock-index futures rose, with global equities set for the biggest three-day rally since April, as earnings optimism outweighed concerns about growth hiccups and coronavirus flareups. September contracts on the S&P 500 Index and Nasdaq 100 Index rose at least 0.2%, each closing 4,358.69 & 14,631.95 respectively while the Ten-year Treasury yields declined two basis points to…
Read MoreStocks rebound from monday losses
Wall Street stocks bounce back after Covid Delta-fueled retreat. The Dow, S&P 500 and Nasdaq all climbed as focus shifts back to optimism over economic growth and recovery in corporate profits. The Dow rose 1.62%, the S&P 500 edged up by 1.52% and the Nasdaq by 1.57%. The 10-year US treasury yields plunged to a…
Read MoreSpiking COVID-19 cases put damper on risk sentiment
US stocks tumbled on Monday as concerns over rising COVID cases weighed on recovery optimism; also adding to the headwinds were increasing US-China tensions with the latter blamed for a hack on a Microsoft Exchange email server. The DOW slumped the most, shedding 2.09% while the S&P and the NASDAQ slid 1.59% and 1.06% respectively.…
Read MoreMarkets open in a risk off mood with us yields at february lows
We start this week in a risk off mood with Asian shares dropping to one-week lows amid fears of rising Covid-19 cases and inflation concerns. Safe haven assets, including the yen and gold are trading higher. Oil prices stumbled more than 1% after OPEC plus group has reached an agreement to boost the output. This…
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