Markets Recession fears took hold yesterday as short-term Treasurys paid more than long-term notes, a warning sign that investors are rapidly shifting their money into bonds to shield against potential losses they could incur by holding equities. No trouble? A brief … Continue reading
Markets Tariff relief led to big gains for Wall Street on Tuesday, though U.S. stock index futures are now pointing to losses of 0.6% as weaker-than-expected data from China and Germany dimmed the global outlook. Yesterday, the U.S. Trade Representative announced that fresh … Continue reading
Markets U.S. stock index futures are under pressure for yet another day as risk-off sentiment takes hold of the markets. Hong Kong riots are spiraling, the PBOC set the yuan weaker than the previous session and there are fears of … Continue reading
Markets In Asia, Japan closed. Hong Kong -0.4%. China +1.5%. India closed. In Europe, at midday, London -0.3%. Paris -0.3%. Frankfurt -0.1%. Futures at 6:20, Dow -0.5%. S&P -0.5%. Nasdaq -0.5%. Crude -1.4% to $53.76. Gold +0.3% to $1513.70. Bitcoin +1.2% to $11371.Ten-year Treasury Yield -4 bps to 1.69% Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar: https://www.investing.com/economic-calendar/ 2:00 PMTreasury Budget … Continue reading
Markets In Asia, Japan +0.4%. Hong Kong -0.7%. China -0.7%. India +0.7%. In Europe, at midday, London -1.1%. Paris -0.2%. Frankfurt -1%. Futures at 6:20, Dow -0.5%. S&P -0.5%. Nasdaq -0.7%. Crude +1.1% to $53.13. Gold +0.4% to $1514.80. Bitcoin -0.8% to $11765. Ten-year Treasury Yield -2 bps to 1.69% (Source: Seeking Alpha) https://seekingalpha.com/ Economic Calendar https://www.investing.com/economic-calendar/ 8:30Producer Price Index1:00 PMBaker-Hughes … Continue reading
Markets Following a bout of market volatility, stocks across the world are attempting to stabilize amid stronger-than-expected Chinese trade data that eased concerns about a sharp deterioration in the global economic outlook. U.S. stocks whipsawed yesterday, with the DJIA swinging … Continue reading
Markets Markets are getting some more relief as the PBOC set its official midpoint reference for the yuan at 6.9996 on Wednesday, weaker than the 6.9683 set Tuesday but still stronger than the key 7 per dollar level. Dow and S&P … Continue reading
Markets Wall Street is pointing to positive territory for the session ahead, with Dow and S&P 500 futures up 0.8% and the Nasdaq ahead by 1%, following the worst trading day of 2019. In Asia, Japan -0.7%. Hong Kong -0.7%. China -1.6%. India +0.8%. In Europe, at midday, London +0.1%. … Continue reading
Markets Another round of selling is taking place across the globe following the worst week of the year for the S&P 500. It all started with the Fed’s more-hawkish-than-expected policy outlook, but quickly morphed into trade uncertainty as tensions between Washington … Continue reading
Markets Today’s nonfarm payrolls report has slipped to the back burner, but investors are still keeping an eye out for what the figures will mean for interest rates. U.S. job growth likely slowed in July to 164K – after outsized … Continue reading