US equities had a strong night with the S&P500 +2.0% and NASDAQ 2.7%.
Author
Gavin Friend
Recently Published Articles
Markets Today: Open for business
Early in the session the fire-sale of $20 billion of stocks held by Archegos Capital was all everyone was talking about.
Markets Today: Are bailouts bygones?
Equities were rising again in the US overnight on the hopes that a stimulus deal would be struck between the GOP and Democrats, but as optimism turned to reality, prices fell, the US dollar regained some of its strength and bond yields weakened.
Markets Today: Markets might’ve overaccentuated the positive
March data out of the US is bad and the share market has taken it badly.
Markets Today: Powell’s tightrope walk on inflation
Markets moved sharply during Jerome Powell’s press conference.
FOMC Marks Time As RBNZ Drops Tightening Bias
The USD Index is little changed, but yields are marginally lower after the Fed issued a post meeting Statement repeating it can be “patient” in beginning to normalise monetary policy.