Bulls vs. Bears: US Summer & 4th July make for quiet week
Global markets were very quiet this week as the US celebrated independence day, the UK went to the polls, and the ASX saw some inter-sector shifts with the new FY
Pre-Market Pulse 5th July – US closed for 4th July Holiday, Key jobs data in focus
In short, nothing happened overnight. Equity futures were mixed with the DOW +0.7%, S&P500 -0.09% and the Nasdaq -0.21%
Pre-Market Pulse 4th July – Another day, another record close despite economy weakening
Equities notched another record close overnight, in a holiday-shortened session as a slew of weaker economic data boosted hopes for sooner rate cuts, a day ahead of the 4th of July holiday.
Pre-Market Pulse 3rd July – S&P500 hits record as Powell says there is progress on inflation
The S&P500 hit a record high overnight, underpinned by a surge in Tesla and optimism over rate cuts after Federal Reserve Chair Jerome Powell cheered recent progress on inflation.
Pre-Market Pulse 2nd July – Tech buoys equities as investors wait on Powell and Payrolls
Stocks edged higher overnight, buoyed by tech as stocks kicked off the second half of the year on the front foot ahead of Powell speaking in Europe and crucial monthly jobs report due later this week.
Pre-Market Pulse 1st July – Stocks drift lower as investors digest inflation data, presidential debate
Stocks drifted lower on Friday after an early rally fizzled as investors digested in-line inflation data and weighed political uncertainty after the U.S. presidential debate.
Pre-Market Pulse 28th June – Equities eek out gain ahead of key inflation data
Equities eked out a gain Thursday as investors weighed up a slump in chipmaker Micron and gains in consumer stocks just a day of key inflation data.
Pre-Market Pulse 27th June – Amazon joins the $2T club as markets grind to quarter end
Equities ground higher overnight as surge in Amazon to a record high, joining the $2 Trillion club, helped push tech higher just days ahead of key inflation data.
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Pre-Market Pulse 26th June – Market struggles for direction in the lead up to key inflation data
Equities appeared lost for direction in the lead up to the key PCE data this Friday with Nvidia stemming the bleeding by bouncing 6.5% after a 20% fall from its highs last week
Pre-Market Pulse 25th June – Nvidia slumps for third consecutive session, dragging down tech
Equities were mixed overnight as profit taking in Semiconductor stocks saw a shift back to the blue-chip DOW and the Russel2000 (small caps) with Nvidia now down 14% in 4 days.
Pre-Market Pulse 24th June – Nvidia stalls as Microsoft reclaims #1
Equities closed marginally higher despite Nvidia taking a second 3% hit in a row, cooling from its recent melt-up, handing back #1 spot to Microsoft