Pre-Market Pulse 17th May – Equities take a breather as Fed says CPI “not enough” to cut rates
The DOW briefly topped 40,000 for the first ever as investors weighed up comments from Fed Williams, a rebound in Treasury yields and a rally in Walmart.
Pre-Market Pulse
Pre-Market Pulse 16th May – Stocks push to new highs on “cooling” inflation
Stock pushed to new highs as consumer inflation cooled more than expected following three months of upside surprises, boosting hopes for sooner rate rates and sending Treasury yields sharply lower
Pre-Market Pulse 15th May – Nasdaq hits fresh high despite higher Inflation
Stocks ignored a hotter-than-expected inflation report as Federal Reserve chairman Jerome Powell said the current level of interest rates is working to curb inflation. In commodities, copper continued its bull run to fresh 2-year highs at $11,000t ($5.05lb) on shortage concerns.
Pre-Market Pulse 14th May – Stocks flat as investors wait on Inflation data, Copper spikes
Stocks as investors awaited key inflation report due later this week that will likely play a role in shaping the Federal Reserve’s monetary policy outlook.
Pre-Market Pulse 13th May – Stocks mixed as consumer weakens
Stocks edged higher Friday night to clinch a fourth-weekly win as the broadening out of the rally amid mostly stronger quarterly results continued to support stocks just as signs of sticker inflation and a weaker consumer confuses the outlook for interest rates
Pre-Market Pulse 10th May – Stocks sail higher on rate cut optimism
The DOW notched its 7th straight gain for the day as slightly higher US jobless claims pushed Treasury yields back to levels prior to rate hike chatter in early April
Pre-Market Pulse 9th May – Stocks end flat as quiet market conditions continue
Another quiet night in markets as stock ended flat due to a bounce in Treasury yields and earnings disappointments from ARM, AirBnB, Uber and Shopify
Pre-Market Pulse 8th May – Stocks mixed in quiet trade as Disney disappoints
It was a quiet night in markets as equities finished mixed as investors continued to digest a slew of corporate earnings including weak subscriber growth from Disney
Pre-Market Pulse 7th May – Stocks continue rally on rate cut “Hopium”
Equities started the week on the front foot Monday as revived hopes for a September Federal Reserve interest rate cut triggered a sea of green across Wall Street.
Pre-Market Pulse 6th May – Goldilocks scenario back, as Employment numbers “not too hot, not too cold”
Equities surged to a higher close on Friday as a softer-than-expected employment report bolstered the case for rate cuts from the Federal Reserve while also providing evidence of U.S. economic resilience.
Pre-Market Pulse 3rd May – Stocks higher as Investors see Fed through rose coloured glasses
Equities traded higher overnight led by tech as investors continued to digest a slew of corporate earnings ahead of the crucial monthly jobs report due Friday.
Pre-Market Pulse 2nd May – Fed downplays need for hikes & reinforces “Higher for Longer”
It was a rollercoaster ride in equities overnight, swinging between gains and losses as the Federal Reserve kept rates unchanged on Wednesday, but the central bank maintained its easing basis, downplaying the prospect of rate hikes.