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S&P Caps Best January in 4 Yrs.

Stocks rose on Tuesday as strong earnings and encouraging inflation data pushed the S&P 500 to its best January since 2019.

The Dow Jones Industrials flew 368.95 points, or 1.1%, to close Tuesday at 34,086.04.

The S&P 500 grabbed 58.83 points, or 1.5%, to 4,076.80.

The NASDAQ Composite popped 190.74 points, or 1.7%, to 11,584.55, for its best January since 2001.

Traders assessed how some of the largest firms are faring amid high inflation and fears of slowing consumer spending. General Motors shares jumped about 8.4% after the auto manufacture posted strong earnings. PulteGroup shares surged 9.4% after the homebuilder reported better-than-expected earnings. Shares of Exxon Mobil also rose nearly 2.2% following earnings.

Investors on Tuesday got bullish news on the inflation front before the Federal Reserve’s latest decision on interest rates. The employment cost index, which is an important measure of wages eyed by the Fed, showed compensation increased … Read more

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The Business Champion Awards ‘Sustainable Business’ finalists are released …

These finalists are making the UK a more sustainable and conscious place to do business.

Taking care of our planet and future generations should be on every business’ agenda. It takes a lot of effort to be eco-innovative – it’s not something that happens over night. Every element of the supply chain needs to be regarded and daily practices need to be embedded by every member of the team. Thankfully for the UK, these businesses placed sustainability as a firm value and transformed that value into a workable mission. Congratulations to our top ten ‘The Sustainable Business Awards’ finalists. I’m looking forward to meeting you at the grand finale in March.

Barefoot Eco Cleaning

Offsetting both theirs and their client’s carbon whilst cleaning has seen Barefoot Eco Cleaning surge forwards to a respected client base. Offering a comprehensive range of commercial and domestic cleaning services to meet each client’s needs … Read more

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USD / CAD – Canadian dollar firming

– Cautious start to busy week.

– FOMC meeting headlines risk events

– US dollar opens narrowly mixed after subdued overnight session.

USDCAD snapshot open 1.3316-20, overnight range 1.3302-1.3352, close 1.3122, WTI $79.76, Gold $1930.51

The Canadian dollar traded erratically in a narrow range while maintaining a somewhat bullish bias. The Canadian dollar is benefitting from hopes the Fed scales back its tightening program, from hopes for a US soft landing and steady to higher oil prices.

The Canadian dollar isn’t any worse for wear after the Bank of Canada announced it planned to hold interest rates at its “current level while they asses the impact of the cumulative 425-basis point increase in the policy rate.”

Some analysts and traders are anticipating that the BoC will cut rates before the end of the year. Meanwhile, Fed officials have indicated that US rates will rise further and remain in restrictive territory … Read more