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: 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


Morning market update: Commodity Market Crash

Title: Commodity Market Crash There were muted moves on global equity markets overnight, in stark contrast to commodity markets, where oil plunged to its lowest levels since the start of 2014. It was a mixed performance on Wall Street, where the S&P500 again failed to charge through 2000. The ISM PMI read signalled US manufacturing


Morning market update: US data lifts markets

On Friday night, global markets closed out the week with modest gains following the release of encouraging US data. A measure of Chicago-area manufacturing activity in August came in well above expectations, which followed separate data that revealed weak growth in American incomes and a decline in personal spending during July. Taken together, the numbers


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