Target Misses, Investors Await Afternoon Nvidia Earnings
US index futures are up moderately this morning with gains of 0.2%-0.4% so far. Hong Kong and continental European markets are up about the same while the FTSE is up 0.2%. UK trading appears to be lagging after the country’s latest consumer price index report (2.3% vs street 2.2% and previous 1.7%) suggested that inflation […]
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 […]