Market Pulse - Usa
US durable goods orders jump past forecasts in May
Orders in the US for goods made to last more than three years rose more quickly than expected last month.
US consumer confidence and inflation expectations decline
Consumer confidence in the US was a tad weaker than expected in June, but inflation expectations also fell back over the course of the month, the results of a closely-followed survey revealed.
US new home sales beat forecasts in May
New home sales rose by much more than expected last month, but the strength was focused in only some parts of the country and prices fell back.
BofA's contrarian 'Breadth Rule' triggers buy signal
Another one of Bank of America's contrarian equity strategy indicators moved into 'buy' territory over the past week, the investment bank's analysts said.
US pre-open: Futures in the green ahead of June consumer sentiment data
Wall Street futures were in the green ahead of the bell on Friday, putting major indices on track for a winning week.
US close: Stocks rise as market volatility continues
Wall Street stocks closed on positive territory on Thursday, as market participants watched the second day of Federal Reserve chairman Jerome Powell's testimony in Washington.
US open: Stocks trade higher as investors focus on Powell's testimony
Wall Street stocks traded higher early on Thursday as market participants continued to keep a keen eye on Federal Reserve chairman Jerome Powell's testimony in Washington.
US current account deficit hits record high in first quarter of 2022
America's current account deficit reached a fresh record high equivalent to 4. 8% of the country's gross domestic product over the first three months of 2022.
US initial jobless claims fall by 2,000
The number of Americans filing fresh unemployment claims fell by 2,000 in the seven days ended 18 June to hit 229,000, below expectations for a print of 227,000 and pointing to an exceptionally tight labour market.
US pre-open: Futures in the green as Powell heads to the House
Wall Street futures were in the green ahead of the bell on Thursday as market participants continued to keep a keen eye on Federal Reserve chairman Jerome Powell's testimony in Washington.
US close: Stocks fall as fears of recession grow
Wall Street trading finished weaker on Wednesday, as market participants digested comments made by Federal Reserve chairman Jerome Powell in front of Congress.
US open: Dow heads south as eyes turn to Powell testimony
Wall Street trading got off to a mixed start on Wednesday as market participants digested comments made by Federal Reserve chairman Jerome Powell in front of Congress.
US pre-open: Futures point to losses ahead of Powell testimony
Wall Street futures were firmly in the red ahead of the bell on Wednesday as market participants patiently awaited for Federal Reserve chairman Jerome Powell to testify in front of Congress later in the day.
London midday: Stocks slide amid inflation woes
London stocks were still firmly in the red by midday on Wednesday after data showed that UK inflation hit a fresh 40-year high in May as energy and food prices continued to surge.
US close: Dow Jones ends session more than 600 points higher
Wall Street stocks closed sharply higher on Tuesday as traders returned from the Juneteenth federal holiday in a more positive mood despite ongoing recessionary fears.
US open: Stocks in the green as traders return from Juneteenth break
Wall Street stocks were firmly in the green early on Tuesday as traders returned from the Juneteenth federal holiday in a more positive mood despite ongoing recessionary fears.
US pre-open: Futures in the green following Juneteenth break
Wall Street futures were firmly in the green ahead of the bell on Tuesday after traders took a break to mark the Juneteenth federal holiday.
Sector movers: Oil and Gas plays drag as crude oil futures hit by recession worries
Commodity plays fared worst at the end of the week as talk of recession fears replaced that of inflation worries in the wake of the Federal Reserve's surprise 75 basis point interest rate hike the day before.
US close: Dow Jones extends losses
Wall Street stocks delivered a mixed performance on Friday as fears of a potential economic slowdown continued to weigh on sentiment.
Opportunity knocks, BofA says
Financial markets have reached a critical juncture with positioning across asset classes as bearish as at any time seen since August 2002, July 2008, 11 September, September 2015, January 2016 and March 2020, but opportunity might be about to knock on investors' door, said strategists at Bank of America.