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,
Global markets rebounded overnight, with US stocks snapping a three session losing streak driven by economic growth concerns and fighting in the Middle East. The bulls dominated proceedings on Wall Street, as the S&P and Dow Jones recorded their best one-day gain in more than 5 weeks. A surge in new US home sales
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
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.
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
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.
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
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
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
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