Market Pulse

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: Mixed night on global markets

Global markets put in a mixed performance overnight, with US indices extending Friday night’s gains but European equities pressured by growth concerns. Wall Street began the week on an optimistic note, following comments by Fed President Richard Fisher, who played down last week’s market volatility and concerns that US inflation was trending lower. It was

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: 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.

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