Equities in Asia received a boost today, as a result of higher commodity prices and strong U.S. earnings announcements. Energy and mining stocks are leading the gains this morning.
Appetite for risk bolstered Tuesday morning, as Chinese President Xi Jinping offered plans to further open up the second largest economy.
Bulls regained their strength on Wednesday, as stocks retraced Monday's sell-off following lower opening of the trading session. The S&P 500 index extends its short-term consolidation despite trade war, interest rate hikes fears. So, is medium-term bullish case valid again?
Global equity bears ran rampant on Tuesday as stock markets across the globe tumbled following Wall Street’s gut-wrenching declines overnight.
When markets are priced for perfection, a slight shift in sentiment causes much damage. This is what we saw last week, after U.S. jobs report showed wage growth accelerated at its quickest pace since mid-2009.
The U.S. stock market indexes gained between 0.9% and 1.3% on Friday, extending their uptrend despite worse-than-expected advance GDP number release, as investors' sentiment remained very bullish.
The main U.S. stock market indexes were mixed between -0.6% and +0.2% on Wednesday, as investors took some short-term profits off the table following the recent record-breaking rally.
Fidelity Investments said on Tuesday it cut the price on trades for stocks and exchange-traded funds by 38 % for retail brokerage clients.
U.S. equity markets are expected to open marginally lower on Friday, ahead of the release of a number of pieces of economic data and some more first quarter earnings reports.