Following Emmanuel Macron winning the run-off in the French Presidential against rival Marine Le Pen, the euro rallied to a six-month high against the U.S. dollar as concerns over France’s future in the Eurozone eased. Focus now shifts to elections for the 15th National Assembly on 11 and 18 June. more...
The employment recovery that began under President Barack Obama shows little sign of slowing down under his successor: new hiring data out Friday morning shows the U.S. economy added jobs for the 79th consecutive month, and that the unemployment rate has dropped to its lowest level in 10 years. more...
With the Nasdaq Composite index breaking through the 6,000 milestone for the first time and the Dow Jones Industrial Average regaining territory above 21,000, does this market exuberance represent a new ‘dotcom-style’ bubble or a tech revolution? And, what should investors consider now. Amazon, Apple, Facebook, Google and Microsoft, which combined account for something a tenth of US market capitalization and keep notching up one record ...
With votes in France's general election first round pointing to no major upset and the strong likelihood of a pro-EU, pro-euro president, markets have read the situation positively with stocks, bonds and the euro’s value against the US dollar set to be boosted. But don't discount further volatility. more...
The stock market started the week under a cloud based on increased global tensions and holidays in the US and overseas. Heading into the last trading day before the Easter holiday stocks looked week technically but there were many signs based on my analysis that meant the risk was too high for new short positions. The calendar is full this week with the Chicago National Activity Index and Dallas Fed Manufacturing Survey on Monday. Then ...
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