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Morgans AM: Thursday 8 June 2017

3:08
 
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Manage episode 180714741 series 1086780
Content provided by Morgans Financial Limited and Morgans Financial. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Morgans Financial Limited and Morgans Financial or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
US markets arrested a two-day slide, with Financials leading the benchmark indices to modest gains despite the slump on oil markets - Dow added +37-points or +0.18% and the broader S&P500 +0.16%. The technology-centric NASDAQ advanced +0.36%. The Nasdaq 100 is up more than >20% year-to-date and sits 24.8% above the Dot Com bubble peak of the year 2000. Moreover, since 1990 the Nasdaq 100 is up almost five times as much as the S&P500 index in terms of simple price appreciation. Investors are eyeing a trifecta of key events on Thursday, including the European Central Bank (ECB) monetary policy meeting, UK general election and former Federal Bureau of Investigation (FBI) Director James Comey's tesitmony before the US Senate Intelligence Committee. On the latter, Mr Comey's prepared testimony has been released and seems not to contain any further destabilising revelations. President Trump has moved on, announcing Mr Comey's replacement as FBI Director (Christopher Wren).
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3179 episodes

Artwork
iconShare
 
Manage episode 180714741 series 1086780
Content provided by Morgans Financial Limited and Morgans Financial. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Morgans Financial Limited and Morgans Financial or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
US markets arrested a two-day slide, with Financials leading the benchmark indices to modest gains despite the slump on oil markets - Dow added +37-points or +0.18% and the broader S&P500 +0.16%. The technology-centric NASDAQ advanced +0.36%. The Nasdaq 100 is up more than >20% year-to-date and sits 24.8% above the Dot Com bubble peak of the year 2000. Moreover, since 1990 the Nasdaq 100 is up almost five times as much as the S&P500 index in terms of simple price appreciation. Investors are eyeing a trifecta of key events on Thursday, including the European Central Bank (ECB) monetary policy meeting, UK general election and former Federal Bureau of Investigation (FBI) Director James Comey's tesitmony before the US Senate Intelligence Committee. On the latter, Mr Comey's prepared testimony has been released and seems not to contain any further destabilising revelations. President Trump has moved on, announcing Mr Comey's replacement as FBI Director (Christopher Wren).
  continue reading

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