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
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
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
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%
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
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
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