Market Pulse - Usa
US close: Stocks finish weaker after poor batch of data
Wall Street's main market gauges closed in the red on Tuesday, after a batch of much weaker-than-expected economic data was released.
US open: Stocks little changed despite batch of much weaker-than-expected economic data
Wall Street's main market gauges were mostly in the black on Tuesday afternoon despite the release of a batch of significantly weaker-than-expected economic releases.
US new home sales fall below pre-pandemic level in July
The pace of new home sales fell to below its level from before the pandemic on the back of another outsized drop.
US private sector output drops sharply in August amid drag from services
Private sector firms in the US reported the fastest pace of declines in output in August outside of that seen right after the first outbreak of the Covid-19 pandemic, the results of two surveys showed.
US close: Dow offloads 600 points in worst day since June
US stocks closed in negative territory on Monday, with the Dow tumbling more than 600 points, as investors looked towards the Fed’s symposium at Jackson Hole on Thursday as European gas futures spiked.
Natural gas futures surge as Gazprom announces three-day halt to NS1 flows
Gazprom announced at the weekend that it would shut natural gas flows through the Nord Stream 1 pipeline for three days, sending gas futures sky-high.
Week ahead: Jackson Hole Symposium, Global PMIs in the spotlight
All eyes over the coming week will be on cental banking symposium at Jackson Hole, Wyoming (USA), with investors keen for further guidance on the path that the US central bank's monetary policy may follow in 2023.
Fed will do what it takes to get inflation back to 2.0 per cent, Barkin says
The head of the Federal Reserve Bank of Richmond said that the US central bank would do "what it takes" to get inflation back down to 2%.
BofA strategists sound bearish note on stocks, say Fed 'nowhere near done'
BofA Securities strategists sounded a 'bearish' note on the outlook for equity markets arguing that the US central bank was not done and enumerating a list of reasons to back up their thinking.
US close: Stocks finish higher after better-than-expected data
Wall Street's main market gauges reversed earlier losses to close higher on Thursday, as investors digested a fresh batch of better-than-expected economic indicators.
US open: Wall Street's main market indices dip despite better-than-expected data
Wall Street's main market gauges were trading on the back foot despite the release of a fresh batch of modestly better-than-expected economic indicators.
US existing home sales fall a bit more than expected in July
Existing-home sales in the US fell a tad more quickly than expected last month, although an industry lobby group held out the possibility that they might stabilise.
Philly Fed factory index improves in August
Manufacturing activity in the US mid-Atlantic region improved in August, the results of a closely-followed survey revealed.
US jobless claims drift lower during latest week
Unemployment claims data for the preceding week came in a tad better than expected.
US close: Stocks weaker as Fed signals 'restrictive' policy
US stocks closed in negative territory on Wednesday, after attention on better-than-expected retail sales gave way to the latest meeting minutes from the US Federal Reserve.
US retail sales flatten out in July, but details stronger
Americans spent at a slightly lower than expected pace last month, although the details of the report were stronger.
Berenberg slashes target for Gem Diamonds but stays at 'buy'
Analysts at Berenberg slashed their target price for shares of Gem Diamonds on the back of the miner's second quarter trading statement.
US close: Retailers help keep Dow above water
Wall Street's main market gauges closed in a mixed state on Tuesday after a weak reading for US housing starts, although better-than-expected quarterly reports out of retail giants Walmart and Home Depot kept the Dow in the green.
US industrial production grows by more than expected in July
US industrial production rose a bit more quickly than expect last month.
US open: Wal Mart and Home Depot keep Dow in the green in early trading
Wall Street's main market gauges started the session on a mixed note following a weak reading for US housing starts, although better-than-expected quarterly reports out of retail giants Wal Mart and Home Depot were keeping the Dow in the green.