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Bulls and bears are battling it out across world markets this morning as investors try to decide what to do in the wake of Friday’s broad-based selloff that saw stocks, commodities and currencies get knocked down by a combination of
Yesterday’s positive momentum which saw major US indices gain 0.75% to 2.0% yesterday has faded overnight and a moderate correction appears to be underway this morning with US index futures down 0.25% to 0.45%. Despite positive economic news, European markets
US index futures are down again this morning with declines of 0.4% to 0.8% adding to Thursday’s US index losses of 2.2% to 3.2%. Investors still appear to be reeling from yesterday’s disappointing US national retail sales and industrial production
The implications of stagflation (high inflation driving tighter monetary policy and a weakening economy) appear to be putting a squeeze and taking their toll on stocks, bonds and commodities again today. From the inflation/monetary side, this week’s series of interest
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