News

Keep up to date with the latest news from EFG Harris Allday.

Market insights 04 November 2024

10-year Treasury yield logs seventh consecutive weekly gain

US stock indices posted weekly losses in a volatile week filled with earnings reports and macroeconomic data as well as uncertainty ahead of the presidential election.

Research Team

2 min read

Market insights 28 October 2024

S&P 500 snaps six-week winning streak

Wall Street ended the week mixed, with the S&P 500 and Dow Jones Industrial Average both snapping six-week winning streaks, while the Nasdaq Composite ended slightly higher.

Research Team

2 min read

Market insights 21 October 2024

Friday tech rally and Netflix jump boosts US equity markets

Wall Street extended its weekly winning streak, with the major equity indices supported by company earnings releases.

Research Team

2 min read

Market insights 14 October 2024

US financial stocks gain at start of earnings season

Earnings season kicked off, with the big banks beginning to release their third quarter numbers on Friday. Both JP Morgan and Wells Fargo shares rose over 4% for the session, as profits came in ahead of expectations.

Research Team

2 min read

Market insights 07 October 2024

Brent crude sees weekly gain of 9% amid geopolitical tensions

US stocks were cautious across most of the week, pressured by mounting tensions in the Middle East.

Research Team

2 min read

Market insights 30 September 2024

Chinese equities see best week since November 2008

Beijing unleashed a number of measures in a bid to shore up its flagging economy. Measures included the People’s Bank of China trimming its seven-day reverse repo rate from 1.7% to 1.5% as well as cutting the medium-term lending facility rate from 2.3% to 2.0%, plus a RMB 800 billion lending pool for capital markets.

Research Team

2 min read