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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%.
With several Asia-Pacific markets closed today for Lunar New Year holidays, the new trading week is off to a quiet start. The biggest overnight moves were a 1.3% gain for the Nikkei, and a 0.5% rise for the FTSE. The
With more investors returning from holidays, the new trading week is off to a positive start so far. Commodities have been particularly strong with WTI Crude Oil up 3.4%, Natural Gas up 3.2% and Copper up 1.9%. News over the
US index futures have exploded to the upside this morning in the minutes following the release of a better than expected US inflation numbers for both the Consumer Price Index (7.1% vs street 7.3% and previous 7.7%), and Core CPI
Please note that the Morning Minutes will not be issued on Monday, they should return on Tuesday December 6. Stocks and commodities have turned sharply downward in the last few minutes following the release of the monthly Nonfarm Payrolls report
With many US investors still away for the Thanksgiving holiday weekend and US exchanges only open for a half-day, closing at 1:00 pm EST, market action has been listless for the most part. US index futures are mixed with Dow
With the US Federal Reserve Board (yesterday afternoon) and the Bank of England (this morning) both raising their benchmark interest rates by 0.75% as expected, continuing the general trend toward monetary tightening, stock markets and commodities around the world have
The US Dollar has dropped back to start the new trading week, taking some of the pressure off of other currencies and commodities. The Euro is up 1.0% and trading a full penny above par, while the Pound is up
US index futures have started May just as they ended April, stuck in reverse gear. US index futures are in the red, falling 0.1% to 0.5% with NASDAQ futures leading the way lower just as the NASDAQ did on Friday
March appears to be going out like a lion in commodity markets, particularly energy contracts where WTI crude oi lis down 6.2%, Brent crude is down 5.6%, gasoline is down 4.2% and natural gas is down 1.8%. There haven’t been
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