MeritKapital News
Wall Street rose on good earnings data
Risk appetite was noted in all sectors of the market on yesterday trading session. Retail sector were the biggest contributors to the gains, while the Nike inc. rose 12% after the release of the report for the second quarter and FedEx, which rose 3.4% on announced plans to cut costs by $ 1 billion next…
Read MoreWeak holiday shopping data put pressure on U.S. markets
Moderate growth noted yesterday on the Wall Street after falling during the last sessions. Investors remain wary of index performance given weak U.S. holiday sales and continued pressure on bond yields. The Dow Jones rose 0.28% to 32,849.74, the S&P 500 added 0.10% to 3,821.62 level while the Nasdaq Composite traded flat at 10,547.11 points.…
Read MoreRates hike from Fed and ECB push markets lower
Risk-off moods remain on the markets – the tightening of the rhetoric of the Fed and the ECB last week minimized the hopes for Christmas rally, expected by some investors of the event. However, this week’s exchange turnover is expected to be reduced due to the approaching Christmas holidays. Asian markets are also in red…
Read MoreECB and Bank of England raised the rates. Stay in hawkish tone
Negative reaction of the U.S. markets on the eve of the Fed meeting and pessimism in high-tech sector – as reacts to the planned stronger tightening. The Dow Jones fell 2.25%, to 33,202.22; the S&P 500 lost 2.49%, to 3,895.75; while the Nasdaq dropped 3.23%, to 10,810.53. Added pessimism yesterday’s rhetoric of the ECB. However, additional…
Read MoreChristmas rally? Not today. Fed’s rhetoric stay hawkish
The Fed raised the rate by 50bp to 4.25-4.50% and kept the hawkish rhetoric. After a sharp slowdown in inflation in October and November, when the numbers came out well below forecasts, many investors decided that the Fed would soften the rhetoric and would not raise the rate above 5%. However, the updated forecasts and…
Read MoreCPI data gave new impulse to the markets, Fed meeting on eye
Positive reaction of the markets to the decline in consumer inflation price in the US – on Wall Street good dynamics in the high-tech Nasdaq. The Dow Jones Industrial Average gained 0.3% to 34,108.64, the S&P 500 added 0.73% to 4,019.65 while the Nasdaq Composite rose at 1.01%, to 11,256.81. Sovereign benchmark yields also dropped significantly,…
Read MoreU.S. inflation data on the focus
Rather confident dynamics of Wall Street indices on the eve of the publication inflation data in the US today, the market is waiting for 7.3%, and in case of figures below this level, it will be a definite positive for the market. The New York Fed’s monthly survey showed that inflation expectations, both one-year and…
Read MoreWall Street focus on Fed meeting later this week
U.S. markets ended last week in red, tech giants showed worst performance. During Friday’s trade, Dow Jones fell 0.9% to 33,476.5, the S&P 500 lost 0.7% to 3,934.4, while the NASDAQ dropped 0.7% to 11,004.6. On the bond markets, UST 10Y rates were at 3.584%. Treasury yields, meanwhile, continued their ascent, but that had little impact on…
Read MoreOptimism reigns on the Wall Street
Confident positive reigns on the markets, the Wall Street ended higher the last session after weekly decline as investors focused on rise in jobless claim which can be sign of slower rate hikes in the future. The Dow Jones rose 183.56 points, or 0.55%, to close at 33,781.48; the S&P 500 gained 29.59 points, or 0.75%,…
Read MoreU.S. markets looking reason to grow but still facing recession risk
Bearish moods on the Wall Street persist, fears of a larger global recession are growing, and the rhetoric of the world’s Central Banks continues to be tough. The Dow Jones Industrial Average was flat, ending on 33,597.92б the S&P 500 lost 7.34 points, or 0.19%, to close at 3,933.92, while the Nasdaq dropped 56.34 points, or 0.51%, to…
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