Wood’s flagship Ark Innovation ETF has lost 53% this year, as her disruptive tech-company stocks have hit the skids. Prominent investor Cathie Wood, chief executive of Ark Investment Management, on Tuesday bought shares of a Read more…
Tesla’s CEO, the richest man in the world, is not used to having his accomplishments questioned. Few people contest that Elon Musk has become the most influential CEO in the world. That influence extends beyond Read more…
Markets Today’s main data/events with market moving potential still have to be published after finishing this report with the US manufacturing ISM and, to a lesser extent, the Fed Beige Book, bringing a first input Read more…
US ISM manufacturing index rose from 55.4 to 56.1 in May, above expectation of 54.5. Looking at some details, new orders rose 1.6 to 55.1. Production rose 0.6 to 50.9. But employment dropped -1.3 to Read more…
BoC raises overnight rate by 50bps to 1.50% as widely expected. The bank rate and deposite rate are now at 1.75% and 1.50% respectively. The central bank also maintains tightening bias. It said, “with the Read more…
The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative Read more…
BTCUSD (Bitcoin) returned to a consolidation mode near $31,500 after Monday’s dynamic bullish breakout pushed the price out of the two-week-old tight range and above the 20-day simple moving average (SMA). Although the positive adjustment Read more…
The Euro is trading within a tight range on Wednesday, as recovery rally from 1.0349 low failed to clear pivotal barriers at 1.0767 (55DMA/50% retracement of 1.1184/1.0349), but subsequent pullback was strongly rejected and contained Read more…
The Bank of Canada will take centre stage today, which will bring the Canadian dollar into sharp focus. There’s been some talk of a surprise 75 basis point hike at this meeting, although I highly Read more…
US futures Dow futures +0.5% at 33190 S&P futures +0.4% at 4150 Nasdaq futures +0.4% at 12695 In Europe FTSE +0.35% at 7608 Dax +0.5% at 14458 Euro Stoxx +0.3% at 3800 Stocks edge higher, Read more…