“The data came as a relief for those who were prepared for the worst,” noted Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

Futures on the S&P 500 edged 0.1% higher, while those on the tech-heavy Nasdaq 100 gained 0.3%. Contracts listed on the Dow Jones Industrial Average remained little changed. Across the pond, the benchmark Stoxx Europe 600 index advanced by 0.5%, as did the MSCI Asia Pacific Index. The MSCI Emerging Markets Index gained 0.2%.

In Asia, the Japanese Nikkei 225 rose 1.9% to its strongest-ever close, edging close to the 40,000 mark. Bitcoin continued its recent rally, approaching the $62,000 mark amid rising demand from exchange-traded funds. BlackRock Inc.’s iShares Bitcoin Trust hit a record $612 million inflow.

The post Stocks Rise Following Relief Over Inflation Data appeared first on theprimarymarket.com.

Across the pond, U.S. futures listed on the New York Stock Exchange were on the rise, with those on the tech-heavy Nasdaq 100 exceeding expectations with a 0.7% rise. Contracts listed on the Dow Jones Industrial Average gained 0.2%, while those on the benchmark S&P 500 climbed 0.4%.

Much like the European Central Bank, expectations that the Federal Reserve will lower interest rates sooner rather than later are also flailing.

“We’re leaning more towards a June rate cut and then a recalibration,” senior investment strategist Laura Cooper of BlackRock International Ltd. revealed. “There is a degree of repricing that still needs to come through that adds to our view that there’s going to be a bit of volatility ahead,” she added, explaining that markets have been overconfident in terms of their expectations.

The post European Stocks End Week on High as U.S. Futures Rise appeared first on theprimarymarket.com.

According to a Bloomberg poll of economists, the European Central Bank (ECB) is expected to implement four interest rate cuts throughout the year. Still, ECB Chief Economist Philip Lane has suggested that analysts are overconfident. Lane stated in an interview published over the weekend that premature rate cuts would be “self-defeating.”

“Today’s data could encourage the ECB to speed up monetary easing but we’re now getting at the stage when bad economic news no longer translates into good news for equity markets,” Benoit Péloille, chief investment officer at Natixis Wealth Management, stated.

The post European Stocks Slip Following Weaker Economic Data appeared first on theprimarymarket.com.

In Europe, the Stoxx 600 index edged 0.2% higher, while in Asia, the MSCI Asia Pacific Index fell 0.6%. This came after Chinese President Xi Jinping made a rare acknowledgment that numerous large companies in the country endured a turbulent year of trading in 2023. Also placing pressure on the Chinese economy is the cancellation of US-bound shipments by semiconductor manufacturing equipment supplier ASML Holding NV, at the request of US President Joe Biden.

Elsewhere, yields on U.S. and German bonds rose higher by more than five basis points each as markets boosted their bets on the Federal Reserve introducing less than 150 basis points of interest rate cuts over the course of 2024.

The post Futures Stagnant as New Year of Trading Kicks Off appeared first on theprimarymarket.com.

“The BOJ stance encouraged speculators to sell the yen, and there’s relief that yields in Japan aren’t likely to to to jump higher,” observed Lee Hardman, a strategist at MUFG Bank Ltd. Hardman added that

Japan’s Nikkei 225 equity index surged to a two-week high, while Europe’s Stoxx 600 index gained 0.3%. The MSCI Asia Pacific Index remained relatively unchanged. The BOJ’s contentment with keeping rates unchanged echoes the tones of the Federal Reserve and the European Central Bank, however, all three are expected to introduce rate cuts at various points throughout the next year.

The post Asian and European Stocks Rise as Japanese Interest Rates Remain Unchanged appeared first on theprimarymarket.com.

Later in the day, the personal consumption expenditures price index is expected to be released. Known to be the Federal Reserve’s preferred inflation gauge, this index is expected to have decelerated in October to its slowest annual pace since early 2021. Still, some analysts do not expect the Fed to cut its interest rates yet.

“Upcoming Fed communication could continue to stress the need to hold rates steady for some time,” Hauke Siemssen, rates strategist at Commerzbank AG explained. Treasuries and mortgage debts continue to cool amid easing U.S. inflation.

The post European and U.S. Stocks Rise Ahead of U.S. Inflation Data appeared first on theprimarymarket.com.

Citigroup strategists explained that while positive economic data spurred one of the biggest S&P 500 rallies in a century, this rally is slowly drawing to a close, with the index appearing slightly bearish. “US markets seem to be taking a breather post-Thanksgiving so you get a bit of weakness in Europe too,” Kamil Dimmich, partner at North of South Capital in London observed.

Investors now await speeches from Federal Reserve officials on Tuesday as well as another influx of economic data in order to better gauge the direction of the central bank’s interest rate agenda.

The post Stocks Falter Amid Signs That Rally is Nearing End appeared first on theprimarymarket.com.

New York stock futures largely declined, with S&P 500 and Nasdaq 100 futures each falling by 0.2%. Those on the Dow Jones Industrial Average slumped by 0.3%. The Stoxx Europe 600 fell by 0.3%, as did the MSCI Asia Pacific Index.

Having closed above $2,000 per ounce on Friday, spot gold rose by a further 0.6% to $2,013.31 per ounce. The bond market remained relatively static, with the 10-year US Treasury yield rising 0.2% while the German and the UK equivalents remained little changed. The price of Brent crude slumped by 1.2% to $79.65 per barrel.

The post Stocks Sink Lower, Gold Surges Amid China Industrial Downturn appeared first on theprimarymarket.com.

The Stoxx Europe 600 edged higher by 0.2%, while across the pond, futures on the Dow Jones Industrial Average and the S&P 500 remained relatively unchanged. Contracts listed on the Nasdaq 100 edged just 0.1% higher.

France released its latest manufacturing purchasing managers’ index on Thursday, which showed that Europe’s second-biggest economy declined in November, thereby hurting investors’ confidence about Europe’s economic prosperity. This, together with Wilders’ unexpected election victory, saw a Bloomberg gauge of mid and large-cap Dutch stocks fall, with ING Groep NV slumping by as much as 3% while ASML Holding NV fell by 2.8%.

The post European Stocks Stumble Following Dutch Election, French Manufacturing Data appeared first on theprimarymarket.com.

HelloFresh SE stocks slumped by 18% after the meal-kit company expressed an unexpected profit warning. Burberry Group Plc dropped by 6.7% after it warned that it may not be able to reach its full-year revenue target. In contrast, Siemens AG rose after analysts claimed that its fourth-quarter report was strong, while Hotel Chocolat Group Plc surged after it was acquired by Mars Inc. for £534 million.

Investors also await the incoming U.S. jobless claims report as well as industrial production figures, both due later on Thursday. The incoming earnings report of retail giant Walmart Inc. is also expected to provide insight into the current economic climate.

The post European Stock Rally Pauses Ahead of Earnings Wave appeared first on theprimarymarket.com.

“The data came as a relief for those who were prepared for the worst,” noted Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

Futures on the S&P 500 edged 0.1% higher, while those on the tech-heavy Nasdaq 100 gained 0.3%. Contracts listed on the Dow Jones Industrial Average remained little changed. Across the pond, the benchmark Stoxx Europe 600 index advanced by 0.5%, as did the MSCI Asia Pacific Index. The MSCI Emerging Markets Index gained 0.2%.

In Asia, the Japanese Nikkei 225 rose 1.9% to its strongest-ever close, edging close to the 40,000 mark. Bitcoin continued its recent rally, approaching the $62,000 mark amid rising demand from exchange-traded funds. BlackRock Inc.’s iShares Bitcoin Trust hit a record $612 million inflow.

The post Stocks Rise Following Relief Over Inflation Data appeared first on theprimarymarket.com.

Across the pond, U.S. futures listed on the New York Stock Exchange were on the rise, with those on the tech-heavy Nasdaq 100 exceeding expectations with a 0.7% rise. Contracts listed on the Dow Jones Industrial Average gained 0.2%, while those on the benchmark S&P 500 climbed 0.4%.

Much like the European Central Bank, expectations that the Federal Reserve will lower interest rates sooner rather than later are also flailing.

“We’re leaning more towards a June rate cut and then a recalibration,” senior investment strategist Laura Cooper of BlackRock International Ltd. revealed. “There is a degree of repricing that still needs to come through that adds to our view that there’s going to be a bit of volatility ahead,” she added, explaining that markets have been overconfident in terms of their expectations.

The post European Stocks End Week on High as U.S. Futures Rise appeared first on theprimarymarket.com.

According to a Bloomberg poll of economists, the European Central Bank (ECB) is expected to implement four interest rate cuts throughout the year. Still, ECB Chief Economist Philip Lane has suggested that analysts are overconfident. Lane stated in an interview published over the weekend that premature rate cuts would be “self-defeating.”

“Today’s data could encourage the ECB to speed up monetary easing but we’re now getting at the stage when bad economic news no longer translates into good news for equity markets,” Benoit Péloille, chief investment officer at Natixis Wealth Management, stated.

The post European Stocks Slip Following Weaker Economic Data appeared first on theprimarymarket.com.

In Europe, the Stoxx 600 index edged 0.2% higher, while in Asia, the MSCI Asia Pacific Index fell 0.6%. This came after Chinese President Xi Jinping made a rare acknowledgment that numerous large companies in the country endured a turbulent year of trading in 2023. Also placing pressure on the Chinese economy is the cancellation of US-bound shipments by semiconductor manufacturing equipment supplier ASML Holding NV, at the request of US President Joe Biden.

Elsewhere, yields on U.S. and German bonds rose higher by more than five basis points each as markets boosted their bets on the Federal Reserve introducing less than 150 basis points of interest rate cuts over the course of 2024.

The post Futures Stagnant as New Year of Trading Kicks Off appeared first on theprimarymarket.com.

“The BOJ stance encouraged speculators to sell the yen, and there’s relief that yields in Japan aren’t likely to to to jump higher,” observed Lee Hardman, a strategist at MUFG Bank Ltd. Hardman added that

Japan’s Nikkei 225 equity index surged to a two-week high, while Europe’s Stoxx 600 index gained 0.3%. The MSCI Asia Pacific Index remained relatively unchanged. The BOJ’s contentment with keeping rates unchanged echoes the tones of the Federal Reserve and the European Central Bank, however, all three are expected to introduce rate cuts at various points throughout the next year.

The post Asian and European Stocks Rise as Japanese Interest Rates Remain Unchanged appeared first on theprimarymarket.com.

Later in the day, the personal consumption expenditures price index is expected to be released. Known to be the Federal Reserve’s preferred inflation gauge, this index is expected to have decelerated in October to its slowest annual pace since early 2021. Still, some analysts do not expect the Fed to cut its interest rates yet.

“Upcoming Fed communication could continue to stress the need to hold rates steady for some time,” Hauke Siemssen, rates strategist at Commerzbank AG explained. Treasuries and mortgage debts continue to cool amid easing U.S. inflation.

The post European and U.S. Stocks Rise Ahead of U.S. Inflation Data appeared first on theprimarymarket.com.

Citigroup strategists explained that while positive economic data spurred one of the biggest S&P 500 rallies in a century, this rally is slowly drawing to a close, with the index appearing slightly bearish. “US markets seem to be taking a breather post-Thanksgiving so you get a bit of weakness in Europe too,” Kamil Dimmich, partner at North of South Capital in London observed.

Investors now await speeches from Federal Reserve officials on Tuesday as well as another influx of economic data in order to better gauge the direction of the central bank’s interest rate agenda.

The post Stocks Falter Amid Signs That Rally is Nearing End appeared first on theprimarymarket.com.

New York stock futures largely declined, with S&P 500 and Nasdaq 100 futures each falling by 0.2%. Those on the Dow Jones Industrial Average slumped by 0.3%. The Stoxx Europe 600 fell by 0.3%, as did the MSCI Asia Pacific Index.

Having closed above $2,000 per ounce on Friday, spot gold rose by a further 0.6% to $2,013.31 per ounce. The bond market remained relatively static, with the 10-year US Treasury yield rising 0.2% while the German and the UK equivalents remained little changed. The price of Brent crude slumped by 1.2% to $79.65 per barrel.

The post Stocks Sink Lower, Gold Surges Amid China Industrial Downturn appeared first on theprimarymarket.com.

The Stoxx Europe 600 edged higher by 0.2%, while across the pond, futures on the Dow Jones Industrial Average and the S&P 500 remained relatively unchanged. Contracts listed on the Nasdaq 100 edged just 0.1% higher.

France released its latest manufacturing purchasing managers’ index on Thursday, which showed that Europe’s second-biggest economy declined in November, thereby hurting investors’ confidence about Europe’s economic prosperity. This, together with Wilders’ unexpected election victory, saw a Bloomberg gauge of mid and large-cap Dutch stocks fall, with ING Groep NV slumping by as much as 3% while ASML Holding NV fell by 2.8%.

The post European Stocks Stumble Following Dutch Election, French Manufacturing Data appeared first on theprimarymarket.com.

HelloFresh SE stocks slumped by 18% after the meal-kit company expressed an unexpected profit warning. Burberry Group Plc dropped by 6.7% after it warned that it may not be able to reach its full-year revenue target. In contrast, Siemens AG rose after analysts claimed that its fourth-quarter report was strong, while Hotel Chocolat Group Plc surged after it was acquired by Mars Inc. for £534 million.

Investors also await the incoming U.S. jobless claims report as well as industrial production figures, both due later on Thursday. The incoming earnings report of retail giant Walmart Inc. is also expected to provide insight into the current economic climate.

The post European Stock Rally Pauses Ahead of Earnings Wave appeared first on theprimarymarket.com.