The Market Screener

It's the last session of the week before the Good Friday bank holiday, and the mood on stock markets is a little gloomy after a fiery March. Fears of an economic slowdown are taking precedence over hopes of an easing of monetary policy. Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Equity markets were mostly down yesterday, especially in the US where concerns about a hard landing overtook hopes of a future rate cut. Hopes of a best-case scenario have been somewhat overshadowed in recent days by headwinds, but it takes more than that to debunk investors' incorrigible optimism.  Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Oil prices rose by about 6% yesterday after the OPEC+ cartel announced an unexpected production cut. Commodities outperformed. The mood was dampened by the release of the ISM manufacturing index, which showed that the US manufacturing sector contracted in March for the fifth straight month, and came in below expectations at 46.3. Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentiali...

As we await the release of US March employment figures later this week, an important determinant of the Fed's monetary policy, Monday's session is marked by a surprise decision by OPEC+ on its oil production. The first quarter of 2023 is rather positive for equity markets, a sign that risk appetite is back after the turmoil of 2022. Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidenti...

Inflation shows signs of cooling in the US and Europe, which is boosting indices all over the world. In premarket trading, the Dow Jones and the S&P 500 were up 0.3%, while the Nasdaq inched up 0.1%, after the release of reassuring inflation data. Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

The Nasdaq has taken off again on Wall Street after two sessions of hesitation. Investors are increasingly willing to ease rates, believing that this is the best way to respond to the banking crisis. And so much for price rises. Inflation data will however dominate the end of the week, with a first estimate for Germany in March today, before US PCE inflation tomorrow. Hosted by Audiomeans. Visit a...

It is difficult to find a direction for equity markets at the moment. Traditional benchmarks are blurred and there are conflicting signals. The good news is that the worries about the health of the banking sector have eased, although they have not completely gone away.  Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Easing fears about contagion in the banking sector allowed the financial sector to get out of the rut while pushing down safe havens. The bond market has rallied slightly, much to the detriment of tech stocks.  Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

While worries about the banking sector linger, the US stock market remains resilient. The financial sector's setbacks are, in the opinion of most investors, the signal for a forced return to a favorable monetary policy. A bold gamble that benefits certain risky assets. Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Wall Street resumed its upward trend yesterday, with the only thing on the mind of investors being a future easing of monetary policy. But that's not stopping banks from wobbling, with fears over Deutsche Bank in particular.  Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

The Fed did what investors expected it to do yesterday and markets reacted well. But the party was spoiled by Janet Yellen, who refused to embark on a universal deposit guarantee of US banks. As a result, the banking turmoil continued. Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Investors have a date with the Fed this afternoon, and they’re trading with a certain amount of confidence this morning that contrasts with recent days. All the main global indices are in the green, with the S1P 500 up 1.3%, the Dow Jones up 0.9% and the Nasdaq 100 up 1.4%  after the open. Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Banks fall and markets rise. It's a bit surprising, but investors are still quite comfortable with the return of central banks bailouts. After all, when the sorcerer's apprentices of finance mess up, there is always a regulator or a central bank to ensure the systemic balance.  Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Wall Street's main indexes opened on a mixed note, with the Dow Jones and the S&P in the green while the Nasdaq remained in red, as investors assess the takeover of Credit Suisse and its impact on the Fed’s rate decision on Wednesday. Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

The support measures implemented by financial authorities after a wave of bankruptcies in the banking sector seem to have paid off. But I've been around the markets for too long to find this totally reassuring.  Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Credit Suisse troubles rocked the US and Europe’s banking sector yesterday. The guarantee provided by the Swiss National Bank last night eased fears somewhat, but the cracks that are appearing on both sides of the Atlantic in the financial world are worrying. Will this force central banks to end restrictive monetary policies? This is the big question of the second half of March, which will probabl...

Yesterday, the calm had returned to stock markets after positive US data showing that inflation slowed down in February. The statistics ended the global rout in banking stocks that started on Friday after the collapse of SVB Financial. Figures were in line with expectations, which fueled expectations of a smaller rate hike at the Fed meeting next week. But then Credit Suisse threw a spanner in the...

U.S. bank failures and the strong response from authorities are confusing investors. Some are appalled by the speed with which the situation has deteriorated, while others believe that it will force the Fed to return to a better monetary policy, supporting activity and restoring confidence. As is often the case, the reality is likely to be more complex with the addition of a new variable to an alr...

If there’s an expression that has been overused in the last 72 hours in financial markets, it’s certainly "the canary in the coal mine". Is Silicon Valley Bank (SVB Financial) the "canary in the coal mine", i.e. the first domino in a catastrophic series? US authorities have ensured that this is not the case, but by sending an insidious message: take risks, we will always take care of the rest. Inv...

Has anyone heard about SVB Financial before yesterday? Not me! This Californian bank created havoc on Wall Street yesterday by exposing its difficulties. With a considerable psychological effect that awakened the old demons of the market. We'll see if this is just another variable in the complex equation on rates and inflation or if the panic will pass. Hosted by Audiomeans. Visit audiomeans.fr/po...

Wall Street futures were down today as investors worry about interest rates following Jerome Powell’s hawkish speech on Tuesday. They are now awaiting tomorrow's employment report for February, which could lead the central bank to go for a 50-basis points rate hike later this month instead of 25 basis points. Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more informati...

Jerome Powell got tough yesterday: he warned that rates will have to be raised higher than expected to regain control of prices. Investors were expecting this, so indices took a hit but did not collapse. Investors struggle to consider the possibility of a recession, because negative signals continue to be contradicted by an economic reality that, on the surface, remains dynamic.  Hosted by Au...

Today’s highlight is Jerome Powell's first testimony in before the Senate Banking Committee. Investors are eager for clues about the interest rate and inflation outlook. If the Fed is looking at a 50-basis point hike this month instead of the expected 25 basis points, there should be signs in Powell’s speech. Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more informati...

We’re at the start of a crucial week for monetary policy, as it includes a testimony from Federal Reserve Chair Jerome Powell on Tuesday and Wednesday and a monthly payrolls report on Friday. Investors are looking for cues on the trajectory of interest rates after the release of data showing that the job market is still hot and that inflation remains resilient. Hosted by Audiomeans. Visit audiomea...

The head of the Atlanta Fed invigorated the American market yesterday by adopting a more conciliatory tone than expected. As a result, investors are already looking forward to a positive weekly result. This will require overcoming a few pitfalls on the day's session, including the latest round of weekly data.  Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more inf...