City A.M. TV: Daily Market Snapshot (video) April 26, 2021 Since early April, US equity markets have been in a persistent uptrend. That’s been is aided and abetted by (i) notable US dollar weakness; (ii) lower bond yields (resulting in tech outperformance); and (iii) a strong Q1 earnings season, with most US companies surprising markets to the upside. In that respect, and while US equity indices [...]
Set the tone: Central bankers can move markets or ease volatility based on their vocal pitch April 21, 2021 When it comes to absorbing shocks, boosting stocks or reducing volatility markets take their cues from the tone of voice central bankers use
Stimulus cheques from Washington boost US retail spending, but 576,000 file jobless claims April 15, 2021 Stimulus cheques from Washington boost US retail spending, but 576,000 file jobless claims
Bank of America profit doubles as Covid loan losses less than predicted April 15, 2021 Bank of America profit doubles as Covid loan losses less than predicted
US inflation data beats expectations as Americans spend their Covid stimulus cheques April 13, 2021 US inflation rose 2.6 per cent year-on-year in March, ahead of analyst expectations of a 2.5 per cent rise, as more of Washington’s fiscal stimulus filtered down into the real economy. It’s a jump from the 1.7 per cent inflation rate measured last month. The month-on-month rate in March was a 0.6 per cent jump [...]
City A.M. T.V Daily Market Snapshot (video) April 6, 2021 Daily market snapshot: Having largely traded sideways in February and March, US equity markets have broken out to the upside over Easter.
GameStop shares slump as it plans $1bn post-rally stock sale April 5, 2021 GameStop shares slump as it plans $1bn post-rally stock sale
City A.M. TV: Daily Market Snapshot (video) April 1, 2021 City A.M. TV: Daily Market Snapshot (video)
City A.M. TV: Daily Market Snapshot (video) March 25, 2021 Risk aversion continued to work its way through global financial markets yesterday.
City A.M. TV: Daily Market Snapshot (video) March 24, 2021 The rotation out of the recent winners (especially the ‘reflation trades’) continued yesterday. In particular, the oil price was sharply lower (-6%); bond yields continued to ease, with the US 10 year yield off again (by 6bps); and the Russell 2000 was notably weak (-3.6%, i.e. given its ‘reflation’ and energy exposure). On this occasion, [...]