Market Pulse

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

Morning Market Update: Mixed Night on Global Markets

There were mixed results on global markets overnight. US markets recorded modest gains, whilst European equities were pressured by ongoing concerns over Iraq. Wall Street opened lower after reports emerged of fresh mass killings in Iraq, fuelling fears of civil war. However stocks recovered after data revealed New York area manufacturing activity rose this month

Morning market update: Profit-taking hits markets

There were broad declines on global markets overnight. Profit-taking was a likely culprit following the record breaking runs in America and Europe. On Wall Street, the Dow snapped a five session winning streak and suffered its first triple digit loss in three weeks. The news wasn’t much better in Europe, where the German Dax pulled

Morning Market Update: Fresh gains on Wall Street

US markets clawed their way higher overnight despite a mix bag of economic reports. Stocks opened lower after ADP data revealed private sector job growth in May missed expectations. However those early losses were followed by a swift turnaround that saw the S&P500 claim a new record high. The recovery was fuelled by the ISM

Morning Market Update: Lacklustre Night on Markets

Global markets put in a mixed performance overnight, with trading activity subdued ahead of some major economic data due out later this week. There were lacklustre moves on both sides of the Atlantic, with most major indices logging moves of less than half a percent. The quiet performance was put down to caution ahead of

Morning Market Update: Lacklustre Night for Markets

It was an uneventful session on global markets overnight, as investors took a breather amid a lack of economic catalysts. US markets snapped a four session winning streak after a measure of mortgage activity dropped last week, following a slight uptick the previous week. Investors also contended with mixed earnings. Toll Brothers was a standout,

Morning Market Update: Economic Data Fuels Markets

International markets extended their gains overnight amid positive updates on the global economy. Wall Street resumed trading following the Memorial Day holiday, and the S&P500 claimed a new record high after data revealed US durable goods orders surged more-than-expected last month. The American residential sector was also showing signs of renewed momentum. Separate data showed

Morning Market Update: Elections Fuel European Markets

Most European markets strengthened overnight following the outcome of the weekend’s parliamentary elections. With US markets closed for the Memorial Day holiday, investors turned their attention to the latest political developments in Europe. Results from the weekend’s election indicated centre-left and centre-right parties will maintain a roughly 70% share of the EU legislature. European equities

Morning Market Update: Economic Data Lifts Markets

US markets put on modest gains overnight, building on their previous advance as investors reacted positively to the latest updates on the global economy. Wall Street opened lower after data revealed initial jobless claims rose more-than-expected last week, reversing an early month trend that saw jobless claims reach a seven-year low. However sentiment recovered after

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