|Day's Range||30,184.45 - 30,481.86|
|52 Week Range||23,958.18 - 33,484.08|
Trade talks and private sector PMI figures due out of the Eurozone and the U.S will be providing the markets with some further guidance on whether the recent soft patch is likely to extend into the 2nd quarter.
Asian stocks closed lower on Monday, as investors kept an eye on rising U.S. Treasury yields and digested declines in technology stocks seen stateside.
Global Markets Are Mixed on April 20, US Market Fell OvernightEconomic calendar 5:30 AM EST: BoE Monetary Policy Committee member Michael Saunders speaks 7:30 AM EST: German Bundesbank President Jens Weidmann speaks 11:15 AM EST: FOMC member John Williams speaks 1:00 PM EST: Baker Hughes’s US oil rig count
The S&P 500 snapped a three-day winning streak Thursday, as tumbling shares of consumer-staple companies pulled the broad index lower.
U.S. stocks rose Tuesday, driven by strong corporate results, extending Monday’s rally and sending the Dow industrials back into positive territory for 2018. The S&P 500 added 28.55 points, or 1.1%, to 2706.39, as 10 of the index’s 11 sectors traded higher. The tech-heavy Nasdaq Composite rose 124.81 points, or 1.7%, to 7281.10.
Asian markets gained on Wednesday, tracking the firmer lead from Wall Street where investors cheered robust quarterly earnings.
Mixed Global Markets, Improved Risk Appetite on April 17Economic calendar 8:30 AM EST: US building permits (March) 8:30 AM EST: US housing starts (March) 9:15 AM EST: FOMC member Williams speaks 9:15 AM EST: US industrial production (March) 10:00 AM EST: FOMC member Quarles speaks 11:00 AM EST: FOMC member Harker speaks 4:30 PM EST: US API weekly crude oil stock 5:40 PM EST: FOMC member Bostic speaks 7:50 PM EST: Japan’s adjusted trade balance 7:50 PM EST: Japan’s imports and exports
Asian stock markets struggled for direction Tuesday morning, though beaten-up equities in Hong Kong and China got a lift from news of better-than-expected economic growth in the mainland.
Transportation companies boosted major indexes Monday, as some strong corporate-profit reports helped investors look past simmering geopolitical tensions.
Premarket trading was positive Monday as defense stocks responded to a coalition missile strike and Bank of America and Netflix dominated the earnings calendar.
Low Global Market Risk Appetite, Geopolitical Concerns EscalateEconomic calendar 8:30 AM EST: US core retail sales (March) 8:30 AM EST: US NY Empire State Manufacturing Index (April) 10:00 AM EST: US business inventories (February) 12:00 PM EST: FOMC member Kaplan speaks 12:00 PM EST: FOMC member Kashkari speaks 1:15 PM EST: FOMC member Bostic speaks 10:00 PM EST: China’s fixed asset investment (March) 10:00 PM EST: China’s GDP (Q1) 10:00 PM EST: China’s industrial production (March) 10:00 PM EST: National Bureau of Statistics of China Press Conference
Asian stocks saw early gains erode by midmorning Monday, led by declines in Hong Kong and Chinese equities as investors assess airstrikes against Syria over the weekend and focus on the start of earnings ...
U.S. stocks slipped Friday but notched weekly gains, buoyed by rallying energy shares and signs that a trade spat among the world’s top economies was easing.
Global Markets Are Stable on April 13, Improved Risk AppetiteEconomic calendar 8:00 AM EST: FOMC member Rosengren speaks 9:00 AM EST: FOMC member Bullard speaks 10:00 AM EST: US JOLTs Job Openings (February) 10:00 AM EST: US Michigan Consumer Expectations (April) 1:00 PM EST: US Baker Hughes oil rig count 1:00 PM EST: FOMC member Kaplan speaks
Global Markets Are Weak, Syria Tensions EscalateEconomic calendar 5:00 AM EST: Eurozone industrial production (February) 7:20 AM EST: OPEC’s monthly report 7:30 AM EST: ECB publishes an account of Monetary Policy Meeting 8:30 AM EST: US Import and Export Price Index (March) 8:30 AM EST: US initial jobless claims 2:00 PM EST: Bank of England Governor Carney speaks 5:00 PM EST: FOMC member Kashkari speaks
Major U.S. stock indexes climbed, with the Dow adding more than 400 points, as remarks from Chinese President Xi Jinping soothed concerns about a trade war.
Global Market Sentiment Improved, Trade War Concerns EasedEconomic calendar 5:30 AM EST: BoE Monetary Policy Committee member Haldane speaks 8:30 AM EST: US PPI (producer price index) (March) 12:00 PM EST: USDA World Agricultural Supply and Demand Estimates report 4:30 PM EST: US API Weekly Crude Oil Stock 9:30 PM EST: China’s consumer price index (March) 9:30 PM EST: China’s PPI
China’s Premier Xi restores confidence in the financial markets this morning, supporting riskier assets and commodity currencies, with Trump likely to respond later in the day to provide further direction.
Global Markets Are Strong amid Improved Risk AppetiteEconomic calendar 9:00 AM EST: European Central Bank Vice President Constancio speaks 10:00 AM EST: US CB Employment Trends Index (March) 12:45 PM EST: European Central Bank Executive Board member Praet speaks 7:01 PM EST: UK BRC Retail Sales Monitor (March)
Earlier in this series, we discussed the impact of the Federal Reserve’s rate hike on the US dollar (UUP). The Trump administration is looking into the huge US trade deficit. In 2017, the US trade deficit in goods was $796.0 billion in 2017, of which $342.0 billion was attributed to China.