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Yesterday the US stock markets traded in a rather sideways fashion by the close. In terms of sideways movement that is probably best highlighted by looking at the S+P 500. The index did open lower though, at 5,602 and then fell to a session low at 5,593. The rebound to 5,631 took place ahead of the European close and from then on it was sideways she blows into the US close, at 5,625.80. Overnight the Asian markets are rather mixed, with a slight gain in the Nikkei offset by losses in Hong Kong and China, mostly on earnings disappointment. Consequently, the S+P futures are largely unchanged right now this morning in terms of pricing the opening for later today
Well, as warned about here earlier this afternoon, there was no guarantee the higher opening for the US stock markets would be sustained and as you...
As expected, all three major US stock market indexes opened higher today, buoyed by the positive news from the September jobs report. That more...
Following on from the previous update, noting the slide in the EUR/USD after the US jobs report, the Euro is not the only currency reeling under the...
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