Morning market update: Draghi fires markets

There was a rally on global markets overnight, ignited by dovish comments from ECB chief, Mario Draghi. The S&P500 soared to a new record high, settling just two points shy of the 2000 barrier on comments from Draghi and M&A activity involving fast food giant, Burger King. There similarly outsized gains in Europe, which followed

Morning market update: Markets weighed by Ukraine

Global markets were mostly weaker on Friday night, with the S&P500 pulling back from its record close achieved in the prior session. Stocks had treaded water for most of the session, but came under pressure after NATO condemned the recent entry of Russian troops into Ukraine, reigniting concerns about the troubled hotspot. All the economic

Morning market wrap: Fed minutes cap markets

Global markets put in a mixed performance overnight as attention turned towards the Fed’s monetary policy minutes for July. In the US, all eyes were on the Fed meeting minutes, which showed officials debated whether to start raising interest rates soon amid rising price pressures and healthy jobs growth. This contrasted with recent expectations the

Morning market wrap: Markets extend winning run

International markets continued their winning run overnight, buoyed by positive US housing and inflation data. Construction on new US homes surged more than expected in July, according to a Commerce Department report. Separate data revealed consumer prices rose just 0.1% last month, lowering pressure on the Fed to raise interest rates. Apple was a highlight

Morning market update: Record night for markets

The record-breaking run on Wall Street continued overnight, with the Dow punching through the key 17000 barrier for the first time ever. The landmark performance on the Dow was fuelled by data showing US employers added 288,000 jobs in June, smashing expectations for a 214,000 gain. In further good news, the unemployment rate surprisingly fell

Morning market update: Lacklustre night for markets

It was a lacklustre finish to the month for global markets overnight, with most major indices logging only minor moves in either direction. There were small declines on Wall Street after June Chicago-area manufacturing activity missed expectations. Still the first half of 2014 was a very strong one for US markets, with the S&P500 surging

Morning market update: Markets rise, growth concerns linger

Most major global markets strengthened on Friday night, with European indices slightly underperforming their American counterparts amid concerns over eurozone growth. End of quarter portfolio rebalancing was cited as a reason behind the late session rebound in the US. Tech shares were among the leading gainers on the Street. Across the Atlantic, European equities endured

Morning Marketing Update: Records on Wall Street

US markets enjoyed a solid finish to the week on Friday night, with both the Dow and S&P posting fresh record highs. The record breaking week on Wall Street was largely driven by expectations the Fed will maintain a go-slow approach in tightening monetary policy. Those expectations were shaped by Janet Yellen’s comments mid-week, when

Morning Market Update: Markets Rise, Gold Surges

There were further gains on global markets overnight, as the focus shifted from Iraq to an improving US economy. In the US, data showed Philadelphia-area manufacturing activity soaring in June to the highest reading since last September. Initial jobless claims also fell from the previous week, brightening the outlook for US jobs growth. The data

Morning Market Update: Fed Fuels Market Gains

Global markets were mostly stronger overnight, with the gains coming despite worsening tensions in Iraq. After treading water for most the session, Wall Street bounced strongly in the final hours of trading following the Fed meeting for June. In somewhat of a surprise, Fed chair, Janet Yellen, indicated she was in no hurry to raise