
Please try another search
Originally published by CMC Markets
Cautious optimism informed overnight trading as further indications of willingness on global trade buoyed sentiment. The US dollar rose, bonds fell and shares rallied for a second session. The updraft faltered early in the North American session after US senator Rubio flagged a possible new tax on share buybacks, but president Trump managed to tweet the markets off their lows.
China / US trade negotiations remain the key issue for the global economy. Investors appeared to take comfort from indications that both sides recognise solutions will require time and effort, and are willing to defer damaging tariffs to allow room for what may be protracted discussions.
Oil prices defied another US inventory build to record a 1.6% gain. The rise is all the more curious in light of the pressure this puts on OPEC, as accompanying data showed US production remains at all-time highs. If OPEC doesn’t cut output prices may tumble, and if it does, US producers may grab market share
Another full day of company reports will keep Australian investors busy. Sixteen top two hundred companies report their half or full year results today, and once again early indications are for disappointment. Yesterday the S&P/ASX All Australian 200 index confounded positive international leads to close lower, and a similar risk exists today, subject to further releases.
The “American Dream” is dead. It would certainly seem to be the case if you believe surveys like Gallup that showed nearly 50% of the younger generation favor socialism...
Investors should brace for more volatility next week as the stock market faces a pair of significant market-moving risk events. U.S. CPI inflation data and the Federal...
Asian share markets are in mixed form going into the final session of the week as Yen tries to stabilise following big gains against USD while risk sentiment in China remains quite...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.