Stocks Rise as Focus Turns To Earnings and Surveys
Stock markets around the world have been on the rise overnight and into this morning. US index futures are up 0.1%-0.3%, while overseas, the Dax is up 1.0%, the FTSE and Nikkei are up 0.3%, and the Hang Seng popped 1.9%. The US 10-year treasury note yield is holding steady near 4.65%. With tensions […]
China Rate Cut and First Retailer Earnings
Investors looking for central banks to start cutting interest rates got their wish overnight as China cut its 5-year loan rate by 0.25% to 3.95%, and several banks stepped in to shore up currency trading. While this news helped Hong Kong and Shanghai to bounce 0.4%-0.6%, the broader impact has been decidedly bearish. It appears […]