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 …
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Stocks 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, …
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Financial 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 …
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The 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 …
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In 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 …
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Equity markets were quiet, while currency and commodity markets were a bit more active. Asian Equity Markets Are Subdued – The largest move in either direction for the major indices was the 0.9% decline in Indian …
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Jean-Claude Juncker, the President of the Euro Group, stated yesterday that the Euro was at “dangerously high” levels, obviously attempting to talk down the currency after its more than 10% rally since the summer. Japanese …
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From the time I first heard the words “current account deficit”, they had an immediate negative connotation in my mind. The word deficit has an obvious negative tone. Compare that to a “current account surplus” country. The latter …
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I came across an interesting analysis of market action after the last 3 presidential elections. The entire post at the AfraidtoTrade blog is a good read, but here is the concluding excerpt: The past three …
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WSJ All’s fairly quiet across Europe this morning, but European bond yields are still mostly drifting higher. Italy’s 10-year debt recently yielded 6.785%, compared with 1.892% for relatively safe German bunds. Interestingly, though, German bund …
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