Stocks Drop as Wage Inflation Jumps

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

Stocks Soar, US Dollar Drops as Inflation Pressures Ease

US index futures have gone into rally mode after today’s US Consumer Price Index report indicated easing inflation pressures. Both headline CPI (7.7% vs street 8.0% and previous 8.2%) and core CPI (6.3% vs street 6.5% and previous 6.6%) declined

Stocks Bounce Back As Focus Turns To Earnings

Stock markets in North America and Europe have been on the rebound to start the new trading week, clawing back a good chunk of Friday’s losses. US index futures are up 1.0%-1.6% compared with Friday’s declines of 1.3%-3.0%. European trading

US Returns To New Oil Sanctions and a Gold Mining Merger

US investors appear to have returned from their long weekend somewhat less enthusiastic than when they left on Friday. The last trading day of May finds US index futures trading down 0.3% to 0.7%, giving back some of their recent

Stocks Slide as Rates Rise, China Data Mixed

Investors have returned from the Easter weekend in a mixed mood. European indices are on the rise this morning with the Dax up 0.6% and the FTSE up 0.2%. On the other hand, US index futures are down 0.1% to

Canada Jobs Bounce Back, Global Markets Remain Choppy

The choppy, back and forth trading across asset classes, which has been the main theme of the week so far, has continued overnight and into this morning. US index futures are up 1.0% to 1.3%, clawing back yesterday’s US index

Gold Rallies as Stampede Into US Dollar Slows

The biggest overnight moves have been capital flows between asset classes. The recent stampede into US bonds appears to be slowing with the 10-year treasury note yield bouncing back up toward 1.85% from near 1.75% yesterday. The US Dollar also

Gold Tests $2,000/oz, Oil nears $125/bbl as Ukraine War Continues

With the Ukraine war still raging and limited ceasefires struggling to hold over the weekend, capital continues to flow into commodities and defensive havens as the new trading week begins. Brent crude traded $125.00/bbl this morning, while WTI crude oil

Gold, Oil and USD Soar, Stocks Plunge as Russia Attacks Ukraine

Overnight Russia expanded its military operations in Ukraine to include missile and infantry attacks in several parts of the country. This news sent equity markets, which had already been trending downward in recent days in fear that tensions could boil

Fed Projections Ignite US Dollar Rally, Commodity Selloff

The main event of yesterday’s flurry of Fed news turned out to be the member projections. Investors appear to have latched on to number of FOMC members calling for 1-2 rate hikes in 2022 to 7 from 4 in the