Stocks Keep Falling as Treasury Yields Keep Rising

The implications of stagflation (high inflation driving tighter monetary policy and a weakening economy) appear to be putting a squeeze and taking their toll on stocks, bonds and commodities again today. From the inflation/monetary side, this week’s series of interest

Mixed Markets Digest Multiple Interest Rate Hikes

Monetary policy decisions, statements, and forecasts have continued to impact trading in stocks, bonds, currencies and commodities around the world overnight. Equity and bond market momentum has been generally downward, adding to yesterday’s late afternoon selloff that was sparked by

US Dollar Climbs While Banks and Retailers Struggle

Trading across world markets has been mixed overnight and this morning with investors apparently indecisive over whether to expect a hawkish or dovish Fed when Chair Powell speaks at the Jackson Hole conference on Friday. Yesterday’s flash PMI and new

Stocks Bounce Back But Higher US Dollar Drags on Earnings

US index futures are up 0.5%-0.8% this morning, essentially clawing back yesterday’s losses. A day that had started off strong in the states turned sour after the National Association of Homebuilders monthly US market index plunged off a cliff (55

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

US Dollar Soars, Stocks Slide, as America Returns to Trading

US investors return from their holiday weekend to find the greenback soaring as capital continues to flee other countries and seek haven stateside.  The Euro is down 1.3% this morning, trading at a 20-year low near 1.0250 with par not

Market Selloff Resumes as Investors Await a Big Earnings Week

The broad-based selloff across world markets which started late last week, resumed again overnight. US treasury yields remaining below 3.00% for not and the re-election of French President Macron do not appear to have provided much in the way of

Disappointing US Nonfarm Payrolls Drag Down US Yields and the US Dollar

US index futures have shown resilience in the face of disappointing North American employment reports. Dow futures fell initially but have clawed their way back to flat, while NASDAQ futures jumped on the news and are currently up about 1.2%.