Major U.S. indices are on track to close in the green after the Federal Open Market Committee announced it would not adjust interest rates, while Fed Chair Jerome Powell signaled to the press following the meeting that the Fed would not look to adjust rates in 2020. Strong employment and consumer data are supporting the […]
Indices are trading down today as markets will prepare to react to three events: policy updates from central banks around the world, the U.S./China trade deal and a deadline for a major tariff being set for this coming Sunday. Last Friday we saw a better than expected jobs report which drove a temporary rally that […]
RoboStreet – December 5, 2019 Markets in Lockstep with China Trade News There is no argument among traders and investors that trade-related news has the market gripped to short-term directional moves. While the majority of sectors have broken out to support the new highs for the stock indexes in November, the broad market is consolidating […]
U.S.-China “Phase One” deal progress continues to dictate markets, both domestically and globally, as continued discussions by both parties have raised optimism for a signed partial deal. Other factors impacting markets today include the latest released economic data as well as OPEC developments, following their summit in Vienna. Tomorrow, look out for December Consumer Sentiment […]
U.S. stocks are trading higher today off positive U.S.-China reports which indicate a part of the “phase one” deal could be signed before the December 15th tariffs, which would avert the planned tariff hikes. Reports that a partial part of the deal could be signed sooner than expected has all three major U.S. indices on […]
Major U.S. indices were weighed by underwhelming November manufacturing data as well as the latest tariff news. The unexpected dip in U.S. manufacturing data has overshadowed positive economic data from China while also tampering last week’s trade deal optimism, which pushed indices into record territory. China has levied its first counter-measure regarding the U.S. intervention […]
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