Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
US indexes have closed over 1% lower after Trump’s tweets regarding the stimulus bill (see post below).
US House Speaker Pelosi has since come out and said that Trump is putting himself before the nation.
S&P 500 -1.40%
Risk assets took a hit after the comments with the US dollar also gaining strength.
Stocks have taken a tumble after President Trump tweeted that he is rejecting the Democrats stimulus proposal and has instructed his representatives to stop negotiating until after the election.
S&P 500 -0.84%
$AAPL: -1.34% $114.94
Apple has announced an event on the 13th of October where it is expected to reveal the new iPhone according to CNBC.
European indexes closed higher in positive territory…
FTSE 100 +0.08%
STOXX 50 +0.42%
IBEX 35 +1.39%
CAC 40 +0.48%
So, since I posted the below Boeing shares have plummeted over 3% to $165.37.
$BA: +1.61% $173.92
Boeing cuts its rolling 20-year aeroplane demand forecast by 2% to 43,110 units.
The company also cuts annual passenger traffic growth forecast to 4% from 4.6%.
$AYX: +27% $145.50
“Data analytics specialist Alteryx (NYSE: AYX) shares have surged 21% after the company upgraded its third-quarter revenue guidance and announced its new CEO.”
S&P 500 +0.02%
Pioneer Power Solutions is the biggest premarket mover today. Its shares are up 89.17% at $2.97 per share.
We are yet to see any specific stock news.
$WWR: +58% $13.13
Westwater Resources stock has surged premarket on heavy volume after the company praised an executive order signed by US President Donald Trump on the 30th of September that will help the development of Graphite suppliers in the US.
Marsh & McLennan (MHM) +42.79%
Wishbone Gold (WSBN) +28.39% – WISHBONE GOLD SHARES SURGE ON NEWS OF PATERSONS ACQUISITION OPTION
Rockhopper Exploration (RKH) +22.68%
St James House (SJH) -11.11%
Okyo Pharma (OKYO) -10.37%
Prophotonix (PPIX) -9.63%
Gold and base metal exploration company, Rockfire Resources (LON: ROCK) shares have surged 42.97% to 1.252p per share after the company provided an update on its diamond drilling activities at the Plateau gold deposit in North Queensland, Australia.
The company said it found that results from a second hole drill have returned the largest gold intersection so far at Plateau.
“Shares of Watches of Switzerland Group (LON: WOSG) skyrocketed over 24% to record fresh all-time highs after the company raised full-year guidance.”
Volga Gas (LON: VGAS) shares have surged 22.92% after the company announced a “potentially significant” discovery of a new oil field in its exploration drilling programme.
FTSE 100 -0.52%
STOXX 50 -0.17%
IBEX 35 +0.47%
CAC 40 -0.06%
Good morning all…
-Asian markets traded positively overnight
-US President Trump left the Walter Reed Medical Centre and returned to the White House
-The RBA held interest rates steady at 0.25%. The central bank said that fiscal and monetary support will be required for some time
-A report by Bloomberg stated that the US House Panel will recommend the break up of tech giants
-On today’s calendar we have Canadian and US balance of trade data and the ECB President Lagarde will be speaking
-Levi’s, Paychex and Landec are reporting earnings today.
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