Coming off of a strong finish to April, which saw US indices gain 0.7%-0.8%, US index futures are flat this morning. Major European markets and some overseas markets are closed today for May Day, but Shanghai gained 1.1% and Tokyo
Building on Friday’s US index gains of 0.3% to 0.8% US index futures are up 0.3% to 0.7% this morning. European markets are climbing as well with the Dax up 1.25% and the FTSE up 0.9%. The US 10-year treasury
For investors, the current instability in the global banking sector is increasingly feeling like a game of Whack-A-Mole, just as one problem area gets shored up, another problem pokes its head up. Just as concerns over banks in the US
Building on yesterday’s gains of 0.4% to 1.2% for US markets Monday with the Dow leading the bounce, US index futures are up 0.6%-0.9% this morning with Dow Futures once again leading the way. European indices are also rallying with
Over the weekend more steps were taken in an attempt to shore up confidence in the global banking system. UBS agreed to purchase troubled Credit Suisse for $3.2B. In addition, five central banks, the Fed, the Bank of Canada, the
A volatile week for world stock markets continues this morning with equities in retreat once again. US index futures are trading flat to down 0.6%, with Dow Futures leading the way lower. Over in Europe, the Dax is down 0.25%
Overnight the Swiss National Bank announced that it would provide Credit Suisse with CHF50B (US$54B) of lending support in a bid to boost confidence in the beleaguered bank after Saudi interests cut them off from additional funding. Credit Suisse initially
Yesterday’s equity market rebound turned out to be a dead cat bounce. US index futures are down 1.3%-1.7% this morning while over in Europe, the FTSE and Dax are down 2.4%, while Paris and Milan are both down about 3.2%.
Equity markets in North America and Europe are bouncing back this morning. US Index futures are up 0.8%-1.0% clawing back all of yesterday’s 0.3% loss for the Dow and building on yesterday’s 0.4% gain for the NASDAQ. Over in Europe,
Stock markets around the world have kicked off March with rallies, led by a 4.2% surge for the Hang Seng, along with a 1.0% gain for Shanghai, advances which were sparked by stronger than expected PMI reports out of China.