Author - Craig Foley
10Nov

US midterm election results hit markets as the red wave fails to materialise

10 Nov 2022 - All eyes were on the midterm US election results overnight as Joe Biden and the Democrats have avoided sweeping defeats but still risk losing control of Congress to the Republicans after election results showed Americans are unwilling to hand a strong political mandate to either party. With election results uncertain, the red wave that investors and betting markets expected did not materialise causing the market sell off.

Read more...
08Nov

Markets focus on US midterm elections and Thursday’s CPI data

08 Nov 2022 - Stocks rallied Monday as investors looked ahead to a packed week with congressional midterm elections and key inflation data on deck over the next few days, and shrugged off a supply warning from Apple. Tuesday’s midterm election will determine which party will control Congress, and affect the direction of future spending. On the economic front, investors are anticipating that Thursday’s consumer price index report will give further insight into how far the Federal Reserve needs...

Read more...
07Nov

Investors divided after nonfarm payroll numbers

07 Nov 2022 - Stocks rallied on Friday, but finished the week lower, as investors drew conflicting conclusions about what the latest payroll numbers mean for future Federal Reserve rate hikes. October’s nonfarm payrolls report left investors divided, fueling some concern that the Fed will persist with its hiking campaign since the labour market added 261,000 jobs.

Read more...
04Nov

Energy sector remains the market’s safe haven

04 Nov 2022 - US equities finished lower in Thursday trading, with the S&P 500 bouncing off its lowest morning levels, but trading in a narrow range through the afternoon before fading into the close. Across the sectors energy was the standout despite a fall in the oil price. Strong results, higher dividends and share buybacks has led the sector to shine in 2022. The suggestion of a 'windfall tax' from the Biden government has already met heavy resistance...

Read more...