Daily Summary: Markets Rally on Treasury Pick and Bitcoin Profit-Taking Near $100K
US equity indices are trading higher, led by the US2000 up 2.07% to 2463.1, while other major indices also show gains with US30 up 0.84% to 44759, US500...
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Market news
The start of this week could be dominated by news about President elect Trump’s choice of Scott Bessant as his pick for Treasury Secretary. This is a clear nod to Wall Street, Bessent is a hedge fund manager, thus it could be a catalyst for a year end rally, which is typically a strong period for...
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It’s been a bad day for economic data this side of the Atlantic. European and UK PMIs fell into contraction territory for November, and UK retail sales for October were much weaker than expected. This does not paint a pretty picture for the European and UK economies in Q4, and contrasts sharply...
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Global stock markets are mostly neutral as we move into the US session, US equities have given back early gains, as Alphabet weighs on the market, although the oil price is backing away from the highs of the day at $74.00 per barrel. Bitcoin is approaching $100,000 and Nvidia is reversing losses after...
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US equity indices are trading higher, led by the US2000 up 2.07% to 2463.1, while other major indices also show gains with US30 up 0.84% to 44759, US500...
Bitcoin retreated 1.75% to $96,000 as traders took profits just shy of the psychological $100,000 level, though institutional buying remains strong with...
The start of a new week of forex trading brings to a halt the bullish upward wave that has propelled the US dollar over the past 2 months. Trading on the...
09:00 PM - Germany, business sentiment for November. Actuals: 85,7. Forecast: 86. Previously: 86.5. - IFO Current Assessment Aug: 84.3 (est 85.5; prev...
The start of this week could be dominated by news about President elect Trump’s choice of Scott Bessant as his pick for Treasury Secretary. This...
Futures contracts indicate a higher opening of the cash session in Europe The dollar loses its bullish momentum The calendar includes IFO data from...
We are starting a new week of trading in international financial markets. The Asian session brought more than 1.3% gains in Japan’s Nikkei and...
Most indices in Europe traded up today, despite a decline in China's benchmarks (which were weighed down by weaker results from Chinese giants like...
Shares of Copart (CPRT.US) gain 9% today after strong earnings report with revenues up almost 12.5% YoY. Morningstar' analysts named Copart one...
Gold is experiencing a spectacular rally this week, rebounding nearly 6%, with today's gains alone approaching 1.5%. This surge in gold prices comes...
Ripple (XRP) gains almost 23% today as crypto market react to Gary Gensler announced step down, planned for 20 January 2025. Now investors expect...
Unilever (ULVR.UK) claims that it will 'slim down' a business but will not spin off its food business. This decision was perceived as a positive...
US Consumers sentiment according to University Michigan Final: 71.8 (Forecast 73.9, Previous 73.0) University Michigan Expectations: 76.9 (Forecast...
US S&P Composite PMI Flash (November): 55.3 (Forecast 54.3, Previous 54.1) US S&P Services PMI Flash: 57 (Forecast 55, Previous 55.0) US...
Volatility remains constant on the Chinese stock market. After a series of alternating highs and fears triggered by the introduction of new stimulus packages...
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