Fiscal Worries Persist Ahead Of Flash PMIs
Today’s market analysis on behalf of Michael Brown Senior Research Strategist at Pepperstone
DIGEST – Stocks slid on Wednesday as the Treasury curve further bear steepened amid a dismal 20-year sale. Today, the busiest day of the week awaits, with the docket highlighted by flash PMIs.
WHERE WE STAND – When arguably the most interesting thing that happened during the day yesterday was everyone’s...
Dow Jones Rallies Amid Credit and Geopolitical Pressures
Written by Linh Tran, Market Analyst at XS.com
The Dow Jones (US30) continued to strengthen its positive momentum, closing yesterday’s session with an impressive gain of nearly 0.78%, extending its recovery rally since the United States and China reached a temporary trade agreement. This movement reflects that investor sentiment remains upbeat despite lingering risk factors.
Early in the session, U.S....
