Market in Review 07/16/2024
MARKET REPORT 1571 Elizabeth 1 opens the Royal Exchange in London The Royal Exchange of London was founded by the merchant Thomas Gresham in 1568, and officially inaugurated by Queen Elizabeth, in 1571, as the commercial centre for the city of London. But it was also meant to be a forum for merchants to meet […]
Market in Review 7/15/2024
MARKET REPORT . Antwerp Bourse Glass roof . Day in Review: . Today: DATA: – POWELL: “We didn’t gain any additional confidence in the first quarter, but the three readings in the second quarter including the one from last week do add somewhat to confidence” inflation is moving toward the Fed’s 2% target, Powell said […]
Market in Review 7/12/2024
MARKET REPORT Antwerp Bourse 1858 . Day in Review: . Today: DATA: – US PPI Surges at fastest pace in 15mths Exp +0.1% Act +0.2% (BUT categories used to calculate the Fed’s preferred inflation measure, the personal consumption expenditures price index, were not so bad.) – May revised higher – YoY +2.6% vs Exp +2.3% […]
Market in Review 7/10/2024
MARKET REPORT Old stock market London Day in Review: Today: – Powell sticks to script – ES Crosses 5600 level on 2 rate cuts hopes. DOW crosses 40k. Investors continue to bet on two rate reductions this year, with the odds for a September cut standing around 75%: MAG7 UP 7 straight days (10 of […]
Market in Review 7/9/2024
MARKET REPORT Chicago bourse 1883, WOOD ENGRAVING Day in Review: Today: – Chair Powell Reinforces Cautious Approach on Rate Cuts – Chair Powell reinforced that the central bank does not expect it will be appropriate to reduce interest rates until it has gained greater confidence that inflation is moving sustainably toward 2%, with data for […]
Market in Review 7/8/2024
MARKET REPORT Marketplace of Sparta Day in Review: Today: – US 1-Year Inflation Expectations Back to 3% – US consumer inflation expectations for the year ahead declined for a second consecutive month to 3% in June 2024 from 3.2% in May – US Consumer Credit Growth Beats Expectations in May – Total consumer credit […]
Market in Review 7/5/2024
MARKET REPORT Euronext Lisbon Day in Review: Today: – US Job Growth Tops Forecasts – 206K jobs June, slightly below a downwardly revised 218K in May and above forecasts of 190K. – Data for May was revised sharply lower from an initial 272K, April reading was also revised down by 57K to 108K. With […]
Market in Review 7/3/2024
MARKET REPORT La Bolsa SE Madrid Day in Review: Today: – US Services Sector Unexpectedly Contracts: ISM (Important) – The ISM Services PMI in the US tumbled to 48.8 in June 2024, the sharpest contraction since April 2020. Markets were expecting 52.5 after 53.8 in May – US Private Employment Disappoints (Important) – Private businesses […]
Market in Review 7/2/2024
MARKET REPORT Shanghi Stock Exchange Day in Review: Today: – Tesla SOARS (+10%) on deliveries beating Wall Street Expectations – ACT 443,956 vs EXP 439,302 The second quarter total delivery figure is higher than the 386,810 vehicles globally delivered in the first quarter but lower than the approximate 466,140 delivered a year ago. – Fed POWELL […]
Market in Review 7/1/2024
MARKET REPORT Day in Review: Today: – Marine Le Pen’s National Rally’s victory in the first round of France’s parliamentary election, as predicted – GE CPI report cooler than expected, EU harmonized also lower than exp – Yield on German 10-year Bunds rose to the 2.57% mark, its highest in over two weeks as political uncertainty […]
