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Friday finds US index futures holding steady between a decline of 0.2% for Dow Futures and a 0.2% gain for NASDAQ Futures as investors digest yesterday’s US index gains of 0.5% to 1.0%. Over in Europe, the Dax is down
US index futures are in the green this morning with gains of 0.25% to 0.90%. With European market action mixed today (Dax is up 0.6% FTSE is down 0.2%) and with the US 10-year treasury note yield hanging around 3.95%,
With US markets closed today, Canadian markets have an opportunity to catch up from Friday’s holiday. US markets rallied on Friday with their three main indices all gaining about 1.0%, although US index futures have given some of that back
US index futures have taken a sharp turn downward following the release of a brutal US employment report that suggested the economy could be in the grip of stagflation, a time of high inflation and low economic growth. Dow futures
Yesterday’s US market rally came to an abrupt end overnight. Index futures are reeling from a one-two punch of two heavyweights reporting disappointing earnings after the close yesterday. NASDAQ futures are currently down 0.9%, while S&P futures are down about
Recent economic numbers pointing toward a period of stagflation (low economic growth and high inflation) and seasonal factors not only continue to drag on world markets but may have reached a tipping point overnight. The Hang Seng sold off again
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