Morning market update: Positive data steadies markets

Global markets steadied overnight following the wild volatility of recent sessions, brought on by fears about slowing economic growth. The main US indices were more-or-less flat after some key economic data came in ahead of expectations. Weekly jobless claims slid to a 14-year low, industrial production increased the most last month since November 2012, and

Morning market update: Data miss hits Wall Street

US markets ended with small losses overnight after the latest round of economic data fell short of expectations. A measure of US consumer confidence underwhelmed expectations, matching other data that revealed Chicago-area manufacturing growth weakened more than estimated last month. In Europe, stocks were generally stronger after a report showed eurozone inflation falling to a

Morning market update: Hong Kong clashes hit markets

Global markets took a collective hit overnight from the violent unrest gripping Hong Kong. An early sell-off on Wall Street stemmed from pro-democracy clashes in Hong Kong, which pushed the Hang Seng Index down two percent yesterday. Confidence received a much needed shot in the arm following the release of better-than-expected US consumer spending data,

Morning market update: Growth concerns sink markets

There was a sea or red on global markets overnight amid intensifying concerns about falling commodity prices and slowing growth. US stocks closed sharply lower as traders fretted about the likelihood Chinese leaders will lower the nation’s economic growth target from 7.5%. A decline in US economic activity in August, measured by the Chicago Federal

Midday update: Markets gain on Fed

The Dow Jones closed just short of another record overnight, as markets in Europe and the US gained ground following the latest Fed meeting. Wall Street swung higher after the Fed stuck to its view that interest rates will remain near zero for a considerable time after stimulus wraps up in the next few months.

Morning market update: Mixed night on markets

There were mixed results on global markets overnight, with gains kept in check by disappointing US jobs data and tensions involving Russia. Trading was choppy in the US after data revealed an unexpected increase in weekly jobless claims. In Europe, the major markets started in positive territory after a poll on the Scottish referendum put

Morning market update: Lack of data hurts markets

Most global markets sustained losses overnight amid a lack of economic catalysts. On Wall Street, attention shifted to tonight’s presentation by Apple, where the tech giant is expected to reveal the hotly anticipated iPhone 6, along with other new product announcements. Shares in Apple have risen to an all-time high ahead of tonight’s product launch.

Morning market update: Apple rots markets

US markets put in a mixed performance overnight, weighed down by a sharp fall in Apple shares. Apple crashed more than four percent, dragging the S&P500 and tech-heavy Nasdaq down along with it. Traders dumped Apple after rival, Samsung, unveiled its latest smart watch overnight. Apple is due to announce a major product release this