There is a more sombre tone going into Wednesday. Markets are digesting rather than building on the big gains made on Monday. Doubts cast over the Moderna vaccine trial results knock out one leg from...
Fed Chair Jay Powell has warned the US economic recovery might last through the end of 2021. The Fed is normally too optimistic in its forecasts so the outlook feels bleak. Still, warm weather is...
Perhaps to the dismay to many on ‘Main Street’ – Wall Street has reacted to another multimillion loss of American jobs by pushing stocks firmly higher. Investors heard Jay Powell say...
A warning from the top of the US central bank that there’s more pain to come isn’t going down well across markets. Fed Chair Jerome Powell warned yesterday that more stimulus will likely...
A sense of caution has taken hold across markets. Shares, riskier currencies and oil are pointed lower. There’s a reassessment of the likely timeline for economic reopening. Our sense is markets...
Market sentiment remains fragile. There’s a lot of emphasis being placed on the virus numbers in economies that have been gradually reopening. Wuhan, the City in China where it all began...
The US and China are seemingly still on good terms over the phase one trade deal so that has removed some anxiety across markets. The Nasdaq Composite index just entered positive territory for 2020...
The British pound has popped higher after the Bank of England decided to keep interest rates on hold. A surprising annual rise in Chinese exports has bolstered overall sentiment but more heated...
California announcing it will start to ease its lockdown by Friday has been a catalyst for a turnaround. Investors have been waiting for the US to follow the same path as Europe in reopening its...
Shares risingAfter big slides yesterday caused by the turmoil in oil markets, things look a little brighter on Wednesday. European shares are pointed higher. On the face of it, stock markets have held...