Market Pulse

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


Morning Market Update: Fed Minutes Ignite Markets

Global markets rebounded overnight following the latest Fed meeting minutes, which revealed optimism among officials that the U.S. economy is gradually improving. The minutes indicated officials were comfortable with the direction of US growth, and they also considered options on tightening monetary policy but refrained from spelling out how or when this would occur. Interestingly,


Morning Market Update: Late Flurry on Wall Street

US markets rounded out the week with a modest gain on Friday night, spurred by a rebound in small-cap shares. Trading was choppy throughout most of the session after initial data revealed new home construction surged in April at the fastest pace in five months, However the positive housing data was followed by a preliminary


Morning Market Update: Economic Concerns Crush Markets

Global markets nosedived overnight following the release of data that offered a mixed assessment of the global economy. In the US, initial jobless claims fell to their lowest reading since May 2007, beating consensus expectations. The New York manufacturing index rose at the fastest pace in over two years earlier this month, with the Philly


Morning Market Update: Market’s Budget Focus

International markets extended their gains overnight, with the Dow logging its fifth consecutive win to claim a new record high. The gains on Wall Street were hard to come by after data revealed US retail sales were unchanged in April. Retail spending petered out last month after rebounding strongly in March, when American consumers splurged


Morning Market Update: Global Markets Rally

There were gains all round on global markets overnight, with the Dow and S&P500 both claiming new record highs. In the absence of any major economic data, merger activity in the food industry provided the impetus for Wall Street’s rally. The Nasdaq was a highlight, recovering all of last week’s losses amid a sharp rebound


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