27 Jul 2022 - US stocks fell Tuesday after Walmart cut its earnings forecast, sending other retail shares lower and adding to concern that consumer spending might not be strong enough to keep the US out of a recession.
26 Jul 2022 - The strong dollar has wiped billions of dollars off the second-quarter sales of US companies, prompting many to cut their guidance for the remainder of the year.
25 Jul 2022 - If you think the last couple of weeks have seen a lot of news and action in financial markets, then have we got a BIG week ahead for you. There’s a Federal Reserve rate rise in the US, a high inflation reading from Australia, an economic update Thursday from the Federal Government, the first estimate of American June quarter GDP, inflation and unemployment in the EU and more US earnings in the biggest week of...
22 Jul 2022 - US equities were higher in fairly choppy Thursday trading, finishing slightly off their best levels. The $US dollar declined following a surprise interest rate hike from the European Central Bank, which raised rates for the first time in 11 years. The central bank increased benchmark rates by 50 basis points.
21 Jul 2022 - Stocks rose on Wednesday, fueled by a rally in tech stocks, as all major averages reached their highest point since early June.
20 Jul 2022 - US equities were sharply higher in Tuesday trading, ending near session high, as traders bet on strong corporate earnings reports and wagered that markets have found a bottom.
19 Jul 2022 - US equities were lower in Monday trading ending just off their worst levels after giving up morning strength and extending last week's gains. The market appears to be in a holding pattern as it awaits further clarity on 2nd quarter earnings as investors sell market rallies.
18 Jul 2022 - Continued US dollar strength could complicate the outlook for the economy and markets. Multiplying country cases of economic and financial instability can merge into a bigger, more dangerous combination of damaged global growth, debt defaults, and social, political and geopolitical instability.
15 Jul 2022 - The results from bank stocks raised further concerns that earnings estimates have perhaps risen too much in recent months. It now appears the market is finally concerned about the fact that earnings estimates, having gone up almost nonstop during the first half of this year, will now have to come down.
14 Jul 2022 - The inflation data was pretty much factored into market prices, hence such a moot reaction by markets overnight, with Wednesday’s hot CPI reading also prompting questions over whether inflation has in fact reached its peak. Either way the market is now pricing in an 80% chance of a 100bp hike later this month.
