Market Pulse

Morning market update: Lacklustre night for markets

It was a lacklustre finish to the month for global markets overnight, with most major indices logging only minor moves in either direction. There were small declines on Wall Street after June Chicago-area manufacturing activity missed expectations. Still the first half of 2014 was a very strong one for US markets, with the S&P500 surging

Morning market update: Markets rise, growth concerns linger

Most major global markets strengthened on Friday night, with European indices slightly underperforming their American counterparts amid concerns over eurozone growth. End of quarter portfolio rebalancing was cited as a reason behind the late session rebound in the US. Tech shares were among the leading gainers on the Street. Across the Atlantic, European equities endured

Morning Marketing Update: Records on Wall Street

US markets enjoyed a solid finish to the week on Friday night, with both the Dow and S&P posting fresh record highs. The record breaking week on Wall Street was largely driven by expectations the Fed will maintain a go-slow approach in tightening monetary policy. Those expectations were shaped by Janet Yellen’s comments mid-week, when

Morning Market Update: Markets Rise, Gold Surges

There were further gains on global markets overnight, as the focus shifted from Iraq to an improving US economy. In the US, data showed Philadelphia-area manufacturing activity soaring in June to the highest reading since last September. Initial jobless claims also fell from the previous week, brightening the outlook for US jobs growth. The data

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,

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