Posted by editor on April 06, 2017

Wall Street futures pointed to a slightly higher open on Thursday as markets took a breather after disappointment from the Federal Reserve (Fed) meeting minutes released a day earlier and looked ahead to the widely anticipated meeting between U.S. President Donald Trump and China’s President Xi Jinping.

The blue-chip Dow futures gained 29 points, or 0.14%, by 6:51AM ET (10:51GMT), the S&P 500 futures rose 3 points, or 0.14%, while the tech-heavy Nasdaq 100 futures traded up 8 points, or 0.15%.

Posted by editor on April 05, 2017

The dollar index held on to modest gains against a basket of the other major currencies on Tuesday after data showing that the U.S. trade deficit narrowed in February supported the outlook for first quarter growth.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.16% at 100.55 by 09.05 ET.

The Commerce Department reported that the trade deficit shrank by 9.6% to $43.6 billion, while January's trade deficit was revised down to $48.2 billion from $48.5 billion.

Posted by editor on March 31, 2017

The yen turned flat after early gains on Friday after mixed data on household spending, jobs and prices with China manufacturing coming in on the upside.

Posted by editor on March 30, 2017

Japan stocks were lower after the close on Thursday, as losses in the Transport, Finance & Investment and Construction sectors led shares lower.

Posted by editor on March 29, 2017

Oil prices edged higher on Wednesday, hitting a one-week high as investors looked ahead to weekly supply data from the U.S., while monitoring disruptions to Libyan crude production.

Optimism that an OPEC-led production cut deal will be extended through the end of the year further supported prices.

The U.S. West Texas Intermediate crude May contract reached a session peak of $48.84 a barrel, the highest since March 21.

It was last at $48.80 by 4:00AM ET (08:00GMT), up 43 cents, or around 0.9%, after rising 64 cents on Tuesday.

Posted by editor on March 28, 2017

Stocks recovered while the dollar rose off four-month lows on Tuesday as anxiety over Donald Trump's setback on healthcare reform gave way to tentative hopes for the U.S. president's planned stimulus policies.

Hopes that the Trump administration will now prioritize tax reforms coupled with still-robust economic data and corporate earnings forecasts spurred some investors to look past creeping doubts about Trump’s ability to deliver on campaign promises.

Europe's STOXX 600 (STOXX) rose 0.4 percent helped by financials and pharmaceutical stocks.

Posted by editor on March 27, 2017

A stronger-than-anticipated economic recovery, the return of inflation and the region's financial sector in a "sweet spot" has spurred Morgan Stanley (NYSE:MS) to lift its earnings forecasts and targets for European benchmark indexes.

The U.S. bank now sees earnings per share growth for 2017 coming in at 16 percent for the MSCI Europe with the index rising as much as 8 percent over the next 12 months. For the FTSE 100 (FTSE), the broker sees EPS growth of 24 percent and sees the index hitting 7,700 in a year.

Posted by editor on March 23, 2017

The Japanese yen's recent rise against the dollar has defied conventional market wisdom, but a stronger currency may actually support Japan as it confronts the Trump administration on matters of trade and foreign exchange.

The Federal Reserve's explicit plan to raise interest rates this year, in stark contrast to the Bank of Japan's persistently accommodative monetary policy, should in theory be a reason for investors to move out of the yen and seek yield in the greenback, the so-called carry trade.

Posted by editor on March 22, 2017

Wall St. closed lower on Tuesday, led by financials, as uncertainty concerning the timeline of the Trump administration pro-growth policies weighed on sentiment.

The Dow Jones Industrial Average closed 1.14% lower at 20,668. The S&P 500 shed 1.24% and the Nasdaq Composite closed at 5,793 down 1.83%.

The Federal Reserve’s dovish comments last week concerning the pace of the rate hikes and worries that President Donald Trump will struggle to implement some of his pro-growth policies, which includes tax reform, weighed on Financials and the broader market.

Posted by editor on March 21, 2017

Asian shares hit 21-month highs on Tuesday while the dollar and U.S. bond yields were on the backfoot on the prospect of a less hawkish than previously expected Federal Reserve policy trajectory.
MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 0.3 percent in its eighth consecutive day of gains with tech-heavy Seoul and Taipei shares (KS11) (TWII) hitting two-year highs while Hong Kong's Hang Seng (HSI) scaled 1-1/2-year highs.

Pages

Subscribe to Investment Analysis