Tag Archives: market updates
Morning coffee brief
Traders continue to focus on the political and financial woes in the euro zone. The U.S. markets have now hit lows not seen for two months with the Dow establishing a six day losing streak not seen since last August. The Dow is dangerously close to printing the largest weekly decline this year!
Morning coffee brief
With most of the euro zone on holiday yesterday, traders around the world turned to the U.S. session for directional cues. U.S. stocks rallied on manufacturing data Tuesday morning and shrugged off the Chicago PMI and China’s disappointing PMI, only to finish well off the highs.
Morning coffee brief
U.S. futures are pointing to a mixed open once again on what should be light trading day, with most European and Asian markets closed today. With light trading we find Europe is mixed with the FTSE in the green while the DAX, CAC 40, and SMI are solidly in the red.
Morning coffee brief
Last week global markets started off soft, but most recovered to near the flat line. U.S. markets rebounded on four consecutive gains putting the S&P 500 above 1400 or a 1.8% gain on the week.
Week ahead: Keep your eye on the European elections
Emerging markets underperformed last week as investors cheered continuing corporate profits in the U.S., but global risks threaten weakness in higher risk assets.
Morning coffee brief
U.S. futures are suggesting a slightly lower open with a somewhat disappointing Q1 gross domestic product estimate.
Gold whipsaws on Fed announcement
Gold and silver are under pressure from the Federal Reserve official’s announcement this afternoon. The FOMC left the key interest rates unchanged with a statement that the strains in financial markets remain a threat.
Morning coffee brief
Sorting through last week and overnight’s trading seems like a rerun TV show we’ve seen before, as traders sort through the euro zone issues, particularly Spain and Italy. Asian markets closed down, European markets are taking it in the chin while U.S. futures are suggesting another lower open.
