Risk-off is in full swing overnight after the Congressional impasse deepened over the weekend, and the Italian parliament also was at risk of dissolving, leading to new elections and a potential hung parliament scenario. SPX …
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Global markets were most focused on U.S. Congress because the budget debate continues ahead of the Sept. 30th deadline (not to be confused with the debt ceiling debate that has a mid-to-late October deadline). U.S. …
Continue readingStocks in Asia were mixed, with Japan staging an impressive turnaround, but China selling off 2%. European stocks opened green, but quickly turned red. SPX futures rallied to up 7 points just prior to the …
Continue readingStocks in Asia and Europe were mostly red, with markets most focused on the U.S. political gridlock. S&P 500 futures were down to a 1687 low overnight, a new 8 day low. Asian Equities Decline, …
Continue readingFinancial assets were relatively quiet in the overnight session. U.S. economic releases today include housing data at 9:00 am EDT, and the Richmond Manufacturing Index and Consumer Confidence at 10:00 EDT. Asian Equities Mostly Red …
Continue readingThe headliner of the weekend was Angela Merkel and the CDU’s convincing victory in the German elections. The result was widely expected. Merkel and CDU Win Election, But Fall Short of Majority – Though the CDU …
Continue readingIn an overnight session with many Asian equity markets closed, it’s not a surprise that SPX futures only moved in a 3 handle range overnight. India Surprise Hikes Rate to 7.50% from 7.25% – This was …
Continue readingThe Fed’s decision not to taper has global markets on fire overnight, following the afternoon move in the U.S. Asian Indices All Green, Led by Southeast Asia – Indonesia, Thailand, and India all saw their equity …
Continue readingThere’s a little thing called the FOMC release at 2:00 pm EDT today. Markets very quiet overnight ahead of it. Asian Stocks Mixed, Japan Higher – The Nikkei filled its July 25, 2013 gap overnight (the …
Continue readingAsian Stocks Mostly Lower, Led by China – The Shanghai Composite closed down 2% after a steady drip lower from open to close. Chinese Foreign Direct Investment was only up 0.6% year over year (vs. …
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