When following the markets, sometimes it’s what doesn’t happen that is important. Despite a positive start to US earnings season, US index futures are trading flat to down 0.4% this morning, while over in Europe, the Dax is down 1.00%
The Energy sector has moved back into the spotlight with the announcement that ExxonMobil (XOM) has agreed to merge with Pioneer Natural Resources (PXD) in an all-stock deal valued at $60 Billion. ExxonMobil is down 2.5% in premarket trading which
US index futures have returned to trading this morning in the Red with the three main contracts down 0.5%-0.6% so far. Over in Europe, the Dax and the FTSE are both down about 0.6%. It appears that disappointing Service PMI
US index futures trading has been pretty quiet so far on Getaway Day ahead of tomorrow’s Thanksgiving holiday. The three main contracts are flat to up 0.2%, consolidating yesterday’s gains of 1.1%-1.4% for major US indices. European equity trading has
Amid mixed economic signals, the New Year’s Rally appears to be fading this morning. On Tuesday, the Dow finished at a new all-time high with a 0.6% gain, but a 1.3% decline for the NASDAQ suggested investor enthusiasm for growth/momentum/risk
Disappointing economic numbers out of China overnight weighed on Asia Pacific markets overnight as Hong Kong plunged 1.8%, Tokyo lost 0.5% and Sydney slipped 0.3%. Talk of increased casino regulation in Macau, meanwhile, has weighed on casino stocks around the
Shrugging off a dismal finish to February that saw major indices plunge last Thursday, then stagger to a mixed finish on Friday (Dow down 1.5%, NASDAQ up 0.5%, March is off to a positive start so far. US index futures
Commodity markets have been particularly active this morning. Natural Gas is up another 4.0% in the wake of yesterday’s big east coast storm and cold temperatures. Meanwhile WTI crude oil is up 2.3% this morning after OPEC producers indicated 99%