Posts Tagged ‘stocks’
Turkey 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 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 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…
Read MoreEU stimulus delayed after Hungary and Poland veto the budget proposal
The nervousness in markets, spurred by the renewed public health restrictions around the world, dominated the sentiment yesterday, leading to profit-taking emerging in risk assets. Japan and South Korea raised their public health alert levels, while New York City announced that it had stopped in-class teaching and cut subway and bus services. The market reaction…
Read MoreStocks surge as Moderna announces successful COVID-19 vaccine trials
US stocks were buoyed by the 94.5% success rate in the Moderna COVID-19 vaccine to ink fresh records. The news overshadowed the rising infection rates and hospitalisations currently being seen in the US with Moderna saying it plans to submit an Emergency Use Authorisation with the FDA in the coming weeks. The DOW rose 1.59%…
Read MoreBiden’s lead is widening, NFP numbers on the horizon
While the election saga continued in the US and Trump’s chances of winning keep decreasing with more votes being counted, the markets sustained its positive sentiment on the day, pricing out the uncertainty of the next president and welcoming the democratic lead, although risk assets gave up some of their daily gains after US investors…
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