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.
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...
03 Nov 2022 - Stocks fell on Wednesday after Federal Reserve Chair Jerome Powell said inflation was still too high and therefore the central bank has further to go in raising interest rates. Markets struggled to interpret the central bank’s stance, with stocks jumping after the statement was released, then sinking after Powell warned in his press conference that rates would top out at a higher “terminal” level.
02 Nov 2022 - US equities finished mostly lower in Tuesday trading, as traders assessed better-than-expected economic data and prepared for another likely rate hike from the Federal Reserve. Profits at two of the world’s largest oil producers soared as BP and Saudi Aramco reaped a windfall from historically high energy prices that have fuelled inflation and stoked a global cost of living crisis.
01 Nov 2022 - Markets made a huge comeback in October. The Dow guided those gains and closed 14 per cent higher for the month. The 30-stock index had its best month since 1976 as investors bet on more traditional companies, like banks, to lead the next bull.
31 Oct 2022 - US equities were sharply higher in Friday trading, ending near best levels as major averages capped off another week of big gains
28 Oct 2022 - US equities ended mixed in Thursday trading, finishing near session lows. Meta shares plummeted on a weak fourth-quarter forecast and disappointing third-quarter earnings. Apple shares are currently trading down 2% post their results with Amazon shares currently down 18% following an earnings miss.
27 Oct 2022 - The Nasdaq and S&P 500 slid Wednesday as traders assessed disappointing earnings from tech giants Microsoft and Alphabet. The swings in the major indexes reflect a “tug of war” between corporate America and the Federal Reserve that has left investors attempting to balance what companies are reporting and what that means for future interest rate hikes.
26 Oct 2022 - Stocks rose for another session Tuesday, a decline in yields contributed to the latest gain and new data for further clues into the health of the U.S. economy. It appears that the market is just starting to get some some indication that economic data moving forward is likely to slow, with the the knock-on effects meaning the aggressive stance of the Fed may ease.
25 Oct 2022 - Behind the US market strength overnight, the real news in the markets this week was the Hong Kong market where shares faced a wave of selling after the conclusion of the Chinese Communist Party’s national congress meeting over the weekend.The Hang Seng Index fell 6.4% on Monday, the biggest one-day decline since the global financial crisis.
