Gold Clears $2,000/oz as Investors Digest Mixed Payroll and PMI Reports

Trading action in world markets has been mixed overnight. US index futures are flat this morning after major US markets fell 0.6% yesterday. In Europe, the FTSE is up 0.4% and the Dax is down 0.3%. Asia Pacific trading saw

<strong>Steady Stocks Await RBNZ News and Employment Data</strong>

Building on Monday’s gain of 1.0% by the Dow and 0.3% by the S&P 500, US index futures are up 0.1% to 0.4% with the NASDAQ playing catchup from its 0.25% decline Monday to lead the way today. In Europe

<strong>Stocks Try to Mount a Comeback Even as Interest Rates Keep Rising</strong>

US index futures are up off of their overnight lows and appear to be trying to claw back some of yesterday’s selloff declines of 2.1% to 2.5% for major US indices. This rebound comes in the face of continued hawkish

Stocks Drop as Pivot Hopes Fade

The Hang Seng rallied 5.9% overnight in catchup trading as it reopened from Chinese holidays, but since then, it has been downhill for stocks in Europe and North America. The two-day rally which started the quarter has come to an

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

Euro Tests Par as Jittery Investors Await Interest Rate and Inflation News

Capital has continued to exit risk markets and move toward defensive havens. Stock markets around the world have extended yesterday’s downward momentum from North America with the Nikkei sliding 1.7%, the Hang Seng losing 1.3%, the Dax dropping 0.7% and

Interest Rate Hikes and Strong Bank Earnings In Focus

For the last several months, the Reserve Bank of New Zealand has been the lead domino among central banks in tightening moves, first starting to raise rates by 0.25% a meeting starting last fall and then accelerating to a 0.50%

Bank of Canada
Central Bank Tightening and Earnings Season Starting In Focus

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

Ukraine Tensions, Earnings Reports and RBNZ Rate Hike

After a day of several notable trading swings/reversals in equity markets that finished with US indices down 1.0% to 1.4%, US index futures are bouncing back a bit this morning with gains of 0.7% to 1.1%. There weren’t any major

Stock Retreat Resumes as RBNZ Raises Rates

Although US indices were able to carry their rebound through the trading day to gains of 0.9% to 1.25% for US indices, on the back of a better-than-expected US ISM Services PMI report (61.9 vs street 60.0) that was as