Markets Bond yields fall, stocks soar As the Fed spreads its dovish wings, the yield on the benchmark 10-year Treasury dropped below 2% overnight for the first time since November 2016. The FOMC left interest rates unchanged at its monetary … Continue reading
Markets Episode 4 of FOMC Season 2019 airs this afternoon (2:00 p.m. ET) and it looks like the Fed is backed into a corner. A failure now to suggest a rate cut later this year – or a pivot back to … Continue reading
Markets Worries over the Middle East appeared to put slight pressure on U.S. stock index futures overnight, but stimulus talk from Mario Draghi has turned markets around. DJIA futures are now ahead by 100 points, while the S&P 500 is up 0.5% and … Continue reading
Markets In Asia, Japan flat. Hong Kong +0.4%. China +0.2%. India -1.3%. In Europe, at midday, London -0.1%. Paris +0.2%. Frankfurt flat. Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude -0.5% to $52.24. Gold -0.5% to $1337.60. Bitcoin -1.7% to $9166. Ten-year Treasury Yield +2 bps to 2.11% (Source: Seeking Alpha) Economic Calendar http://mam.econoday.com/ 8:30Empire … Continue reading
Markets In Asia, Japan +0.4%. Hong Kong -0.7%. China -1%. India -0.7%. In Europe, at midday, London -0.6%. Paris -0.4%. Frankfurt -0.8%. Futures at 6:20, Dow -0.3%. S&P -0.3%. Nasdaq -0.8%. Crude -0.8% to $51.84. Gold +1.1% to $1358.10. Bitcoin +2.4% to $8294. Ten-year Treasury Yield -3 bps to 2.06% Source: Seeking Alpha Economic Calendar http://mam.econoday.com/ 8:30Retail Sales9:15Industrial Production10:00Business Inventories10:00Consumer … Continue reading
Markets The oil price surge has given a boost to U.S. stock index futures, which were in the red overnight before attacks on two tankers off the coast of Iran. Dow futures are indicating a positive open of 70 points, while … Continue reading
Markets In Asia, Japan -0.3%. Hong Kong -1.9%. China -0.6%. India -0.5%. In Europe, at midday, London -0.6%. Paris -0.6%. Frankfurt -0.4%. Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.4%. Crude -2.6% to $51.91. Gold +0.6% to $1338.80. Bitcoin +2.2% to $7986. Ten-year Treasury Yield -2 bps to 2.12% (Source: Seeking Alpha) Economic Calendar http://mam.econoday.com/ 8:30 Consumer Price … Continue reading
Markets It looks like there is another session of gains in store for Wall Street, with DJIA futures up by 120 points and the S&P 500 and Nasdaq ahead by over 0.5%. In Asia, Japan +0.3%. Hong Kong +0.8%. China +2.6%. India +0.5%. In Europe, at midday, London +0.5%. Paris +0.8%. … Continue reading
Markets In Asia, Japan +1.2%. Hong Kong +2.3%. China +0.9%. India +0.4%. In Europe, at midday, London +0.5%. Paris +0.3%. Frankfurt +0.8%. Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +0.2% to $54.10. Gold -1% to $1332.10. Bitcoin -2.9% to $7669. Ten-year Treasury Yield +5 bps to 2.14% Source: Seeking Alpha http://mam.econoday.com/ 10:00Job Openings and Labor Turnover Survey12:30 … Continue reading
Markets With trade war drums beating loudly, a strong employment report from the Labor Department this morning will probably do little to dial back market expectations that the Fed will cut interest rates this year. Nonfarm payrolls probably increased by 185,000 … Continue reading