Market Pulse

Morning Market Update: Mixed Night

Most of the major global indices strengthened overnight, although gains were harder to come by this time following the week-long rally on markets. In the US, the S&P500 snapped a four session winning streak, as investors decided to take a breather following a 4% rally on the benchmark index. The Dow shed 31 points (-0.2%)

Morning Market Wrap: Crunch Time for the Market

US markets overcame a sluggish start to cap a third consecutive gain overnight. The initial losses on Wall Street were sparked by uncertainty over Fed Chairwoman Janet Yellen’s upcoming Congressional testimony. The newly sworn in Yellen is due to front Congress tonight, and investors will be paying close attention for clues on how she intends

Morning Market Wrap: Bullish Into New Week

There were broad-based gains on global markets in Friday night’s session, which came as somewhat of a surprise following a mostly disappointing US jobs report. It seemed investors were set for another torrid sell-off after data revealed the US economy added 113,000 jobs in January, well shy of the 185,000 jobs expected by economists. However

Morning Market Wrap: More Gains Ahead as Bulls Fight Back

Wall Street bounced back in style overnight, with US stocks scoring their best gain in seven weeks amid concerns the recent sell-off has been overdone. The rebound on global markets came despite mostly disappointing economic numbers out of the US. Although weekly jobless claims fell more than expected, that was offset by other data showing

Morning Market Update: Lucklustre night

US markets retreated slightly overnight following the latest reading on the American jobs market, which revealed private employers reduced their pace of hiring last month. The ADP non-farm payrolls report showed US companies added 175,000 jobs in January, less than the 191,000 expected by economists. The disappointing jobs read was offset somewhat by the latest

Morning Market Update: Modest Bounce

Overnight, US markets rebounded from their prior session’s heavy plunge following the latest data on the American economy. US factory orders contracted at a smaller-than-expected pace in December, easing fears of a manufacturing slowdown, which were sparked by yesterday’s disastrous ISM PMI result. Healthy earnings results from clothing retailer, Michael Kors, and KFC parent company,

Morning Market Update: Soft Start Ahead

It was a disappointing finish to the week for international markets, with most major indices backtracking on Friday night amid fears over slowing global growth. European equities were under pressure from the get go after data revealed eurozone inflation climbed at a slower-than-expected pace last month, raising the threat of price deflation. Not helping matters

Morning Market Update: Mixed Start Ahead

The rollercoaster ride on Wall Street continued overnight, this time with stocks rallying on the back of positive US economic data. Driving the gains on the Street was the latest US GDP numbers, which showed the economy grew at a brisk 3.2% annual pace in the final quarter of 2013. A significant climb in consumer

Morning Market Update: Solid Start Ahead

Global markets arrested their recent run of heavy declines overnight, as a bigger than expected rise in US consumer confidence allayed fears over economic growth. The surprise jump in consumer confidence overshadowed other data that showed a contraction in US durable goods orders last month. It was also enough to help the Dow snap a

Morning Market Update: Rough Start Ahead

Global markets weakened overnight, extending Friday night’s rout into the new week amid growing concerns over emerging market economies. It was a tumultuous finish on Wall Street at the end of last week, with the Dow sinking 2% Friday for its biggest one-day sell-off since June. It was a similar story elsewhere, as investors react

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