MeritKapital News

Asian stocks, US and European futures saw muted trading on Wednesday as investors awaited a policy decision from the Federal Reserve. Focus will be on the Fed members’ projections, or dot plots, for interest rates and whether more of the members would tip a hike in 2023. Previously only 7 out of 18 had seen such a…

US stocks closed mostly high even as treasury yields rose; 10Y yields closed 0.04% higher at 1.4940%. The NASDAQ continued its ascent closing 0.74% up while the S&P gained 0.18%; the DOW was however 0.25% lower. The pound was little changed following the UK’s decision to delay the end of COVID-19 restrictions. Having previously stated…

US bonds yields are trading near three-months lows as investors expect the Federal reserve to maintain the dovish stance at the FOMC meeting this week, while global shares are holding to the record highs. The Federal Reserve meeting is the main event for the markets this week, while some data releases will also be in…

US stocks closed higher even as US inflation overshot expectations; YoY print came at 5.0% against an expected 4.7%. The NASDAQ led gains up 0.78% while the S&P and the DOW were up 0.47% and 0.06% respectively. Treasury yields rose then tanked in the aftermath with the 10Y closing 6bps lower at 1.4318%. UK’s industrial…

All eyes/focus would be closely kept on the US inflation data which is due today. As at yesterday we saw the 10-year Treasury yield extend a slide below 1.5%, signaling support for the view that the rebound from the pandemic will stoke only a transient bout of elevated inflation. The S&P 500 SPX slipped c.0.19% to 4,219.55,…

Despite data showing an increase in job openings in the US, which did not spur significant concern about inflation, the S&P 500 traded near record territory on Tuesday before retreating with only about a half-hour left in the regular trading session. The Dow Jones Industrial Average fell 0.3%, Nasdaq Composite advanced 0.3% while S&P 500…

US stocks started off the week on a soft note with the Fed tapering back to the fore on investor minds; this followed comments by Treasury Secretary Janet Yellen on Sunday that higher interest rates would be welcome. The NASDAQ (+0.49%) made the only gains of the day while the S&P and the DOW shed…

We start this week with positive data on Chinese imports that grew at their fastest pace in 10 years in May due to rising commodity prices. After a benign US job report on Friday, the focus this week will be on US inflation data and ECB meeting on Thursday. UK will release monthly GDP figures…

The weekly data showed a continued recovery in the labour market leading to a fall in US stocks as investors closely watched any potential policy shifts from the Fed. The Friday data on non-farm payrolls and unemployment rate will offer fresh insights into recovery in the labour market, which Fed officials have said they remain…

The US equity market recorded marginal gains on Wednesday as the economic recovery strengthens and inflationary pressures dominated market sentiments. Stocks in the communication, consumer discretionary and materials segment were responsible for the market’s weak performance as investors shifted attention to sectors that will benefit from reflation. The Dow rose by 26 points to 34,600.38,…