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. …
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Stocks 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 readingTo get a sense for the Federal Reserve’s impact on global financial markets, look at the moves in emerging markets today: The main Turkish equity index up 7.5%, up 20% from 2 weeks ago. The …
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 readingThe past month feels eerily similar to mid-summer 2008. But it’s a bit of a remix. Back then, I remember quite vividly, many investors acknowledged that the U.S. banking system and housing market were in …
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