Headlines to the rescue
Peace talk headlines have given stocks the basis for fresh gains, says Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG.
Stocks surge on peace talks proposal
It’s been a while since we last had a proper bounce on a peace talk headline, but one finally arrived today to rescue Monday’s rebound in tech. Earlier today the rally had been looking tired and in need of a catalyst, or else it would go the same way as last Thursday’s. One has now been provided, just as things were starting to look a little precarious.
Oil prices reverse course on headlines
Stocks are up, and WTI’s brief push above $100 has been reversed. The spectacle of WTI moving through the triple-figure mark to join its Brent cousin was likely to spark real panic in markets, and perhaps in the White House too. For oil, as well as for stocks, the question is now just how far this move will go.
Author
Chris Beauchamp has been with IG for four years, and in that time has become a regular commentator and analyst for the financial press and TV, with appearances on all the major financial channels as well as the BBC and Sky News.
