MeritKapital News
OPEC+ PRODUCERS AGREE STICKING TO GRADUAL EASE OF SUPPLY
As is usually experienced with a shirt trading week given U.S & U.K having a holiday on Monday markets in the U.S were a bit wobbly with most major stock indexes closing mixed as losses in technology and health care companies offset gains elsewhere in the market. The S&P 500 SPX gave up an early…
Read MoreTurkey posts budget surplus in November
US stocks closed mixed on Monday as New York and parts of Europe tightened COVID-19 restrictions even as a vaccine rolled out in the US. The DOW retreated from an intraday high to close 0.62% lower while the S&P shed 0.44%; the NASDAQ gained 0.50% however. Yield on 10Y USTs closed about flat at 0.8931%.…
Read MoreGhana Likely to Look to the Capital Markets In 2021
S&P 500 futures ticked higher after the benchmark closed at an all-time high gaining 0.3% on Thursday, boosted by positive vaccine news and seeming progress on U.S. stimulus talks. The Dow Jones Industrial Average and the Nasdaq Composite also rose 0.35% & 0.5% respectively. U.S policy makers have continued to negotiate over additional stimulus to…
Read MoreSouth Africa GDP rebounds in Q3
The NASDAQ inked yet another record on Monday albeit in a depressed session for stocks amid continued delays in the next US stimulus package and increasing COVID-19 cases. The NASDAQ rose 0.45%, marking the sole gains of the day, while the DOW and the S&P shed 0.49% and 0.19% respectively. Yield on 10Y USTs fell…
Read MoreAnother renewed stimulus hopes, HERE WE GO AGAIN!
Renewed stimulus hopes added to optimism over progress on coronavirus vaccines may have led to the biggest spike seen in a year with the 10-year treasury yield. As the 10-year Treasury yields are on the march toward 1% again, investors have been seen contemplating what sort of ripple effect this might have on other markets.…
Read MoreEventful week with OPEC meeting and Non-Farm payrolls
We start this eventful post US holiday week with a Cyber Monday and futures pointing sightly down. It is a big week for US data with November jobs report on Friday and a testimony of Jerome Powell and Steven Munchin on Cares Act on Tuesday. The significant news is on OPEC not reaching an agreement…
Read MoreMarkets ending the week on a cautious note
With the US markets closed for Thanksgiving yesterday, markets were quiet with little movements across the board. In the Asian markets, the mood seemed to be mixed as China’s industrial profits rose to its fastest monthly pace in almost nine years in October which is a further sign that the economic recovery is gathering pace…
Read MoreWeak data from US pushed the markets lower
US stocks traded lower on Wednesday as the jobless claims data and household incomes came below expectations: initial jobless claims rose for the second consecutive week – 778k vs 730k expected while the household incomes fall 0.7% vs 0.1% expected. S&P lost 0.2%, Dow dropped by 0.6%. On the side note, FOMC Meeting Minutes showed…
Read MoreInvestors Overlook Ivory Coast’s Political Upheaval to Chase Higher Yields
Futures in New York climbed 1.4% after closing at an eight-month high. Overnight, we witnessed the Dow Jones Industrial Average rose 1.4% to close above 30,000 for the first time, while the S&P 500 gained 1.6%, to close at 3,635.41, also a record high with Nasdaq Composite adding 1.3%. Positive vaccine news as well as…
Read MoreBank stocks higher as Turkey eases lending rules
US stocks closed higher on Monday on reports that former Fed Chair Janet Yellen could become the Biden administration Treasury Secretary and positive results from the AstraZeneca COVID-19 vaccine. The DOW led, up 1.12% while the S&P and the NASDAQ closed 0.56% and 0.21% higher respectively. Yield on 10Y USTs closed higher at 0.8537%. British…
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