Stocks Pause Ahead of US Debate
Coming off a big bounce to start the week which saw major US indices gain 1.1%-1.2%, US index futures are trading pretty much flat this morning. It appears that in the absence of other news, US traders are digesting recent market action and positioning ahead of tonight’s US Presidential debate and tomorrow’s US Consumer Price […]
China Rate Cut and First Retailer Earnings
Investors looking for central banks to start cutting interest rates got their wish overnight as China cut its 5-year loan rate by 0.25% to 3.95%, and several banks stepped in to shore up currency trading. While this news helped Hong Kong and Shanghai to bounce 0.4%-0.6%, the broader impact has been decidedly bearish. It appears […]
Stocks Consolidate S&P 5000 as Earnings Season Continues
Coming off a big Friday where the S&P 500 gained 0.5% to close above 5000 for the first time ever, US index futures are flat, trading between -0.1% and +0.1%. In Europe, the Dax is up 0.3% while the FTSE is down 0.2%. Most Asia Pacific markets were closed for Lunar New Year holidays but […]