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Europe: +44 (0) 207 198 1634 Good morning. At this time yesterday morning things were looking pretty bleak with all the Asian, European and U.S. markets all down materially. It was even worse during the regular session with the S&P 500 down as much as 1.3%, 218 points!, lower on the day. But bargain hunters came in on the pulverized energy […]
Good morning. It may be the holiday season but it was bah-humbug yesterday in the equity markets with U.S. stocks suffering their biggest one day slide in nearly 7 weeks with the Dow closing down 106 points, 0.6%, at 17,852, the S&P 500 losing 15, 0.75%, at 2,060 and the Nasdaq down 40, 0.84%, at […]
Good morning. Black Friday, and the whole weekend, turned out to be exactly that for retailers. The trade group National Retail Federation said Sunday that total spending over the Thanksgiving weekend were down 11% from last year. That and Moody’s downgrade of Japan’s credit rating weighed on the equities with the Dow losing 51 points […]
Good morning. I hope everyone enjoyed the holiday and got a chance to spend time with your loved ones. Let’s see what’s transpired since last Monday which was the last closing data reported. On that day the Dow and S&P 500 closed at record highs of 17,818 and 2,069, respectively. The Nasdaq closed at 4,755. […]
Good morning. Equities around the world got a one-two punch for global growth on Friday! Kudos go to Mario Draghi but even more to the People Bank of China (PBOC). Mr. Draghi, President of the ECB, stated on Friday the economy in the eurozone was weaker than had been feared and inflation lower than had […]
Good morning. It appears investors are getting into the holiday season. Yesterday they once again pushed the Dow and S&P 500 to record highs. Whoo-hoo-hoo! The numbers were the Dow popped 40 points, 0.2% to 17,688, the S&P 500 rose 11, 0.5%, to 2,052 and the Nasdaq did the best up 31 points, 0.7%, to […]
Good morning. Natural gas gets the lead position today. The cold weather over the past week or so has been a crank on a spring turning it tighter and tighter and tighter. Yesterday the spring sprung in full force. The December natural gas contract exploded 32.1¢, 6.9%, higher yesterday closing at $4.341. Yesterday’s move was […]
Good morning. As you regular readers know, I usually begin this report with equities for equities often influence oil prices (natural gas operates in its own little world!) but today oil gets the lead spot. Why? Because yesterday both WTI and Brent hit 4 year lows. WTI closed down a whopping $2.97, 3.9%, at $74.21 […]
Good morning. I’ve been travelling on business the last three days hence the last Morning Energy Blog was last Friday reflecting Thursday’s market action. Let’s see what’s transpired since that time. Last Thursday the Dow, S&P 500 and Nasdaq closed at 17,555, 2,031 and 4,638, respectively. Yesterday the Dow closed at 17,612, the S&P at […]
Good morning. Last week ended great on Friday with U.S. equities surging. The Dow jumped 195 points, 1.1%, to 17,391, the S&P 500 climbed 23, 1.2%, to 2,018 and the Nasdaq leaped 65, 1.4%, to 4,631. And, oh, did I mention the Dow and S&P closed at record highs?! Whoo-hoo! I felt like I was […]
