Stocks Drop as Inflation Comes in Worse Than Expected

US index futures have turned sharply downward this morning dropping 0.8% to 1.2% in the minutes following a hotter than expected US consumer price inflation report. Headline CPI came right down the middle at 8.3%, which was higher than the

US Dollar Backslides Ahead of Tomorrow’s Inflation Report

The US Dollar has dropped back to start the new trading week, taking some of the pressure off of other currencies and commodities. The Euro is up 1.0% and trading a full penny above par, while the Pound is up

Stocks Pause as ECB Raises Interest Rates

Yesterday’s US market rally, which saw major indices snap multi-day losing streaks with gains of 1.4% to 2.1%, which appears to have been a trading bounce, easing oversold conditions as there has been limited follow-through overnight and into this morning.

US Stocks Soar as Inflation Softens

US index futures have exploded to the upside in the initial minutes following a better than expected US consumer inflation report. Headline CPI declined more than expected (8.5% vs street 8.7% and previous 9.1%), while core CPI, excluding food and

Stocks Slip While Awaiting Inflation Reports

Coming off of a flat Monday, world markets have been trading steady to down slightly with investors seemingly caught like deer in the headlights of the oncoming barrage of inflation reports from around the world. China kicks things off overnight

Stocks Climb on Good Economic News; Inflation in Focus This Week

Bouncing back from a mixed Friday, US index futures are in the green to start the new trading week with gains of 0.4%-0.6% for the three main contracts. European market action has also been positive this morning with the Dax

Big Beats from Big Oil and Big Tech Boost US Indices

Please note that the Morning Minutes will not be issued next week due to our summer break. They will return on Tuesday August 9. The last trading day of July and the Friday before a long weekend in Canada finds

Netflix Earnings and More Stagflation Signs

US index futures are down 0.2%-0.3% this morning, as stocks consolidate yesterday’s US index gains of 2.4%-3.1% amid another round of earnings and economic reports. Over in Europe this morning, bourses are also down with the Dax dropping 0.6% and

High Inflation, Poor Earnings and Yellen Comments Crush Stocks and Oil

The first day of US earnings season finds index futures getting hammered 1.1% to 1.6%, accelerating yesterday’s US index losses of 0.2%-0.6%. European markets are also selling off today with the Dax down 1.3% and the FTSE down 1.0%. The

Bank of Canada
Consumer Prices and Central Banks In the Spotlight Today

US index futures had been trying to mount a comeback this morning, but the bottom has fallen out and gains have quickly turned into losses following the release of a red-hot US consumer price inflation report. US inflation continued to