The midnight deadline arrived, and the government shut down is officially underway. But the reaction by global asset markets was sanguine, after 2 days of declines. As I discussed in yesterday’s Macro Wrap, some market …
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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. …
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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 …
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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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To 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 …
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Emerging markets have encountered severe turbulence in the past 3 months. Central bankers are at the center of the rocky ride, with U.S. tapering concerns serving as the trigger, and the emerging market central banks …
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In the last couple months, markets have moved much more overnight than during U.S. hours. While volatility in our markets has been higher than normal, it has been nothing compared to what most other global …
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When I first saw the images from Taksim Square on Friday, I didn’t think much of it. Turkey has seen numerous protests for freedom of expression in the past few years, all of which …
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