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The Dow edged a little higher last night, to close at 10,564, over 4,000 points higher than this time last year. As per the last few sessions, we have remained pretty directionless due to a dearth of economic data, and some subdued activity whilst we wait for a conclusion to the issues surrounding Greece and [...]

One year on from the market lows, the markets were relatively benign in trading as a lack of economic data failed to provide any real directional bias. Volumes were light, with 7bn shares exchanging hands, the second lowest amount of the year, as traders appeared to sit on the sidelines.
The Financial Times has reported that [...]

The Dow rallied 2.3% last week, as the improving jobs market buoyed global indices. Friday’s non-farm payroll release showed 36,000 jobs were lost in February, much better than was anticipated. Despite not showing a positive number, traders have taken this as a sign of the improving state of the economic landscape in the US, one [...]

The Dow remained relatively hamstrung as trader’s awaited clarification on the Greek fiscal deficit. This morning the Greek authorities agreed an E4.8bn austerity programme to ensure that they can meet their deficit cutting pledges. Futures are mixed as investors appear reluctant to pledge towards a directional bias as we approach a plethora of economic releases [...]

The Dow closed above the 10,400 level, and following a good start to European trading, we are set for another positive start. Japanese unemployment fell, and spending increased, pushing Asian markets higher, and the re-emergence of M&A action helped to ignite markets. All eyes remain fixed on the Greek fiscal debt situation, and later on [...]

The Dow closed higher on Friday, recording the biggest monthly move up since November 2009. As we enter the new month, futures currently indicate a positive start, with markets being underpinned with the re-emergence of mergers and acquisitions activity. With reports that the Germans and the French may be putting together a package to bailout [...]

The Dow recorded its biggest one day loss in three weeks as traders reacted to the poor consumer confidence numbers from the US and the worrying IFO numbers from Europe. The Dow closed lower by 100 points as profits were booked ahead of the start of the two-day testimony by Bernanke. The Fed Chairman’s meeting [...]

The Dow pulled back in trading yesterday as investors remained cautious about the strength of the global recovery. Whilst we have moved up over the past few weeks, markets took a breather as we wait for Ben Bernanke’s two-day testimony, however futures currently indicate a lower start to trading in reaction to the negative numbers [...]

The Dow edged slightly higher on Friday as traders felt that the rise in discount rates showed that the Fed believed that the economy was improving and could sustain the move. On a relatively quiet day on the economic front, traders will be looking to the currency markets for direction on sentiment over the discount [...]

The Dow made another impressive move north once again in trading yesterday, but the news that will dictate direction today came after the closing bell. The news that the Fed would raise the discount lending rate to 0.75% has led to futures indicating a lower start, which would end the three-day winning streak. One needs [...]