Global equity markets rise on strong U.S. manufacturing data, while European inflation concerns and commodity gains signal shifting investor sentiment.
(XLF) up about 1% as stronger U.S. manufacturing data supported cyclical sectors. Gains in Visa, Mastercard, JPMorgan, Wells Fargo, and Bank of America helped drive the sector higher alongside broader market strength.
(XLY) up about 0.7% as U.S. manufacturing unexpectedly returned to expansion. Gains in Amazon and Booking Holdings helped drive the ETF higher, while broader market strength, reflected in a higher Dow Jones Index, supported risk sentiment despite policy uncertainty.
Biotechnology stocks moved modestly higher, lifting the iShares Biotechnology ETF (IBB) by about 0.9% despite recent weekly declines across the sector. Gains in key holdings including Regeneron, Vaxcyte, Gilead, Amgen, and Twist Bioscience supported performance.
XLE moved lower as oil prices dropped sharply following an eight-day winning streak. The pullback was driven by easing U.S.–Iran tensions and increased supply from Venezuela, pressuring crude prices and energy equities. Major names including Chevron and ExxonMobil declined.
The Vanguard Information Technology ETF (VGT) rose 1% as stronger-than-expected U.S. manufacturing data boosted risk sentiment. The ISM Manufacturing PMI jumped to 52.6 in January, signaling the first expansion in a year, while a stronger dollar pushed gold sharply lower.
U.S. Jobs Report Anticipates 70,000 Growth Amid Inflation Concerns, While Positive Manufacturing PMIs Support European Markets.
Global equity markets show mixed performance as U.S. PPI rises sharply, raising inflation concerns and Treasury yields, while European indices gain from strong GDP growth amid geopolitical tensions.
Global equity markets mixed as U.S. jobless claims rise, while European indices gain on Fed's rate hold and strong Eurozone sentiment; commodities surge with copper up 8% and gold near 2%.
Global markets traded mixed as investors awaited the Fed’s policy decision, with gold surging on geopolitical tensions and a stronger dollar weighing on Europe, while semiconductors jumped on upbeat AI and earnings sentiment even as Japan equities slipped on BoJ rate concerns.
Global equity markets mixed as investors brace for Fed's rate decision amid geopolitical tensions and rising gold prices.
Apple led gains among top holdings, rising 1.9%, while Broadcom, Microsoft, Oracle, and Arista Networks also contributed positively. The ETF’s market capitalization now stands near $113 billion, underscoring sustained investor demand for large-cap tech exposure.
