Morning market update: Record night on Wall Street

Overnight, US markets continued to grind their way higher with the Dow and S&P 500 notching fresh record highs. US stock futures were pointing to a subdued session following a round of disappointing manufacturing data, which revealed factory output slowed in China, Europe and the US this month. However, the weak manufacturing figures were overlooked


Morning Market Update: Growth signs lifts markets

Global markets rose overnight, lifting the S&P 500 to a record high as concerns about Europe’s economy eased and data pointed to stronger growth in the US. A gauge of confidence among US home builders rebounded this month, whilst producer prices rose unexpectedly in October, boosting confidence in the American economy. In Europe, German stocks


Morning Market update: Stimulus hopes ignite markets

The S&P 500 and Dow Jones climbed to new record highs after European Central Bank president Mario Draghi signalled a potential €1 trillion addition to existing monetary stimulus. Better-than-expected jobless claims data added to the positive vibe on the Street whilst the optimism surrounding Draghi’s comments fuelled similarly healthy gains in Europe. In commodity trading,


Morning Market Update: European woes hit markets

There was renewed weakness on global markets overnight, as traders shifted their attention back to the woeful state of the European economy. European stocks took a pounding after the EU slashed its growth outlook for the eurozone, citing increased geopolitical risks and a weaker global economy. On Wall Street, the Dow Jones swung between small


Morning market update: BOJ stimulates markets

Global markets rallied on Friday night following the announcement of fresh monetary stimulus from the Bank of Japan. The S&P 500 and Dow Jones soared to new record highs, with the latter capping off its biggest weekly gain in almost two years. European equities logged similarly powerful gains after the BOJ’s surprise decision to expand


Morning Market Update: Market soar, ECB to rescue

Global markets enjoyed monster rallies overnight amid hopes the ECB will ramp up the pace of stimulus in response to tepid eurozone growth. The outsized gains followed a report suggesting Europe’s central bank is considering buying corporate bonds to beef up its stimulus program. Strong corporate results in the US added to the positive vibe.


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: Wall Street powers higher

Wall Street rebounded in style overnight, after the Federal Reserve indicated it will wait a while longer before moving to a tightening bias. US markets scored their biggest one-day gains of the year after September’s FOMC minutes reaffirmed the Fed’s intent to be prudent in raising interest rates. The minutes indicated officials wanted to alter


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