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As mentioned earlier this morning, the US stock markets will not be open later today due to the Martin Luther King Day holiday. The broader US market set a positive close on Friday. The S+P 500 reached a high at 6.014.96. However, it was unable to post a daily and weekly close above 6k. The index ended the week, 59.32 points higher, at 5,996.66. So, the index will not reopen later today, but earlier this morning the index was pricing an opening for tomorrow close to 6,010. The US Q4, 2024 earnings season gets further underway this week and that could be interesting. The prospect of more earnings beats, after what we saw from the US banking sector last week is live. The Trump effect is probably priced in right now, but we shall have to see what immediate executive orders he might deliver this week. There will be much more to add on this in the days ahead and whether a path to fresh records above 6,099.97 is clear
Earlier this morning an update here noted that German defence sector stocks were fuelling another push higher in the DAX. Well, since that update the...
The USD/JPY is right now very close to the earlier Asian session low at 151.48, which came after the latest Japanese GDP data beat estimates. The move...
Three of the biggest German defence companies are seeing their share prices rise strongly this morning. The reason for that comes as the markets eye a...
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