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Good morning from me as well. Lets get you up to speed on the wall street action. A nice day for wall street. 1 gains in all three indices. Apple another one of the factors, its carrying through asian trade and helping futures. 16 points on the dow and 1. 5 points on the nasdaq. The s p up by eight points. Lets have a look at the chart of the day. Oil on supply discussions. Eia saying share output is expected to drop in june for an eighth consecutive month. And also fires burning around the canadian oil supplies of Fort Mcmurray up again. Up ten basis points but the big move came yesterday with up 3. 3 . Settling at its highest since the 3rd of november. And today a high of 47. 85. Oil prices remarkably strong. Inching towards that 50 a barrel. Its helping markets everywhere. Take a look at asia over night. We did see a gain after the nikkei went to a oneweek low. Also saw gains in hong kong with shanghai comp did close lower by 0. ....
Important jobs report tomorrow. So would it be better for stocks strong report or a weak report . Is good news good news . What is the deal here . For stocks specifically, i think you want a weak report. A strong report back into the corner that they dont want to get themselves backed into it. I think the data, the last six or nine months mixed at best. If you want to be bull initiative stocks at these levels, i think to answer your question you need a weak jobs report. I think people feel the data is getting increasingly weaker. Youre at place where the u. S. Economy is weakening, whether the fed or other Central Banks are doing what they need to do. I think you need to see a strong number. Your presumption is the fed is going to go. We got out of a fed meeting last week and no one said it was going to go in june. I think the market needs to see good data. Good equals good. Bad equals bad. Its been down all week, people are starti ....
S&P 500, Nasdaq, Dow slides on earnings as Fed-fueled rally fades proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
FTSE 100 finishes 20 points higher US stocks retreat after Fed chair hawkish Housebuilders rise as mortgage rates start to fall 4.45pm: Banner day for FTSE. ....
FTSE 100 finishes 20 points higher US stocks retreat after Fed chair hawkish Housebuilders rise as mortgage rates start to fall 4.45pm: Banner day for FTSE. ....