Category Archives: Excela Insights
Thoughts for a Happy New Year
Markets have entered the New Year with a roar with most major indices up in the first few days of trading. Whether you are wondering if you have missed the boat, or feeling like a genius because you are sitting … Read more…
Christmas Rally!
Well we certainly did end up getting the statistic “Christmas rally”! US indices stocks rallied again overnight, sending the S&P 500 index to a two-month high, amid signs of progress on the ‘fiscal cliff budget talks’ after a 45 minute … Read more…
Strong Night, Beginning of Resolutions to Fiscal Cliff!
US indices ended a two-day slump overnight, adding 0.8% as investors weighed the prospect of a budget deal. The S&P closed up 16.78 at 1430.36, the Nasdaq 39.27 at 3,010.60, and the Dow 100.38, Gold was up $US2.30 at $1,698.10 … Read more…
US slumps with strong data vs Apple
US stocks slumped on Friday, despite a report reflecting the strongest industrial output data since Dec 2010, as Apple stock slumped and a lack of progress on budget talks helped to weaken investor confidence. Apple slumped by 3.8% after UBS … Read more…
Insights
Global equity markets were weaker overnight as concerns surrounding the impending Fiscal Cliff overshadowed better than forecast Initial Jobless Claims and Continuing Jobless Claims released in The US.
Flat Night
US stocks closed flat overnight, ending a four-day rally for the S&P 500 as Federal Reserve Chairman Ben Bernanke said monetary policy cannot offset the full impact of the fiscal cliff, offsetting the Fed saying earlier that it plans to … Read more…
Strength in the miners!
US stocks fluctuated overnight ahead of a two-day Federal Reserve meeting, as McDonald’s Corp. offset a weak lead from Europe after reporting stronger-than-expected sales growth.
Markets rise on positive data
US equity markets finished higher at the end of Fridays trading session after unemployment and Nonfarm Payrolls data showed a better than expected employment situation and the market was hopeful of a resolution to avoid the Fiscal Cliff.
Insights
Global equity markets were higher last night with the Dow Jones Industrial Average finishing up +82 points, S&P500 ending +2 points higher, London’s FTSE100 closing higher by +23 points and Germany’s DAX ending +19 points in the green.
The Debate Continues!
US stocks erased early gains for a second day after President Obama held ground on his insistence to increase taxes on the top income earners.