Coming off of a mixed day for US markets where the Dow fell 1.1% and the NASDAQ finished up 0.2%, US index futures are up 0.1%-0.3% this morning. Overseas, the Nikkei popped 2.5% while the Hang Seng gained 0.5%. The
US index futures had been trying to mount a comeback in the early hours of this morning but were unable to get very far relative to yesterday’s major US index declines of 4.0%-5.0% and have slipped back into the red
Heavy selling pressure continued through overseas trading overnight and into this morning, with the Nikkei falling 1.3%, the FTSE falling 0.4% and the Dax dropping 0.3%. In a sign that investors remain nervous, cryptocurrencies are down again this morning with
The market selloff appears to be taking on a life of its own this week. With US consumer price inflation still running above 8.0% over year and US producer price numbers announced this morning still running hot (11.0% vs street
Central banks are in the spotlight today with accelerated tightening on the agenda. Last night, the Reserve Bank of New Zealand, who had been raising rates at a pace of 0.25% per meeting for their last few meetings and had
Downward pressure on stock markets that sent the NASDAQ and the Russel 2000 down 1.4% in yesterday’s trading continued through the Asia Pacific session where the Hang Seng lost 1.3% and the Nikkei fell 0.7%. Stocks have been trying to