Market Pulse

Morning Market Update: Rocky Start Ahead

US markets took a dive overnight, with the Dow suffering a triple digit sell-off amid concerns over slowing global growth. The blue chip index tumbled 176 points (-1.1%) to 16197. Weighing on sentiment was the disastrous reading on China’s manufacturing sector, which showed the nation’s factory output contracting for the first time in five months.

Morning Market Update: Mixed Night

International markets put in a mixed performance in what was ultimately a lacklustre session overnight. US stocks closed mostly higher, with the exception of the Dow, which was dragged down by disappointing earnings results from IBM. The Dow fell 41 points (-0.3%) to 16373, the S&P500 added one point (+0.1%) to 1845 and the Nasdaq

Morning Market Update: Mixed Start Ahead

Global markets were mostly stronger overnight, as Wall Street resumed trading following the Martin Luther King holiday in the US. With little in the way of economic catalysts, investors focused their attention on the latest batch of US earnings. Disappointing profit results from giants, Verizon and Travelers, weighed on the Dow. The blue chip index

Morning Market Update: Quiet Start Ahead

European markets put in a mixed performance overnight, although trading volumes were light as US markets closed for the Martin Luther King holiday. Duetsche Bank dragged down Europe’s major financials after it reported a shock quarterly loss. However investors also weighed the banking giant’s loss against yesterday’s data out of China, which revealed the nation’s

Morning Market Update: Flat Start Ahead

It was a disappointing finish on Wall Street Friday night, with most stocks declining amid mixed earnings results. Concerns the market rally has run too far ahead of profit expectations were magnified after Intel issued a weak revenue outlook, and General Electric announced a lower-than-expected dividend. Sentiment was not helped by data showing a slowdown

Morning Market Wrap: Banks Weigh in the U.S.

US markets finished slightly weaker overnight following subdued earnings results from the financial sector. A bigger-than-expected jump in Philadelphia-area manufacturing activity was not enough to ignite Wall Street. Instead, sentiment was hurt by banking giants, Citigroup and Goldman Sachs, who both reported fourth quarter earnings that missed expectations. The Dow shed 65 points (-0.4%) to

Morning Market Update: Positiove Start Ahead

The positive momentum on Wall Street continued overnight following the latest updates on the economy and the US reporting season. Data revealed manufacturing activity in the New York region has accelerated at a much stronger than expected pace, easing fears over economic growth. A bumper profit result from Bank of America fuelled the gains on

Morning Market Update: Recovery Mode

Overnight, US markets rebounded from their prior session slump following the release of positive economic data. Investors got a much needed boost from data that showed core US retail sales grew more than expected in December. The data helped eased concerns over the US economy, which were magnified by the poor December jobs report. Better-than-expected

Morning Market Update: Rough Open Ahead

Wall Street suffered its first heavy loss for the year overnight, with the three major US indices sinking at least one percent each. The Dow endured its worst one day drop since late September last year, amid concerns its rally has been overdone in light of the recent weak economic data out of China and

Morning Market Update: U.S. Payrolls Miss the Mark

Most US stocks strengthened on Friday night despite the December jobs report falling well shy of expectations. Wall Street opened in the red after data revealed the US economy added just 74,000 jobs in December, missing estimates for a 196,000 gain. Analysts put the weak number down to the harsh winter weather, which limited hiring

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