Stocks rallied in Europe and Asia, and the positive mood is showing up in pre-open sentiment on this side of the Atlantic as well. The Shanghai Composite index was up for a second day on Friday, likely indicating that...
The Greece situation remains as complicated today as it was yesterday, though today’s positive stock market action in Europe likely indicates that market participants on that side of the pond see some light at the end of the tunnel.
Markets appear in a cheery mood on renewed hopes of a Greek deal following fresh proposals from the Greek government. The Greek headlines dominate while a strong ADP (ADP) jobs report this morning adds to...
Greece has defaulted on its loan to the IMF, but hopes of a last-minute deal remain alive. And it is these hopes and rumors of a potential deal that appear to be giving markets a lift today. It isn’t easy to fully decipher...
Positive U.S. economic data and the continued impasse on the Greek issue provide the backdrop for today’s session. Negotiations between Greece and its creditors have literally gone down to the wire, with substantive...
Encouraging data out of China and a mixed economic reading on the home front provide the backdrop for today’s trading action, with the major indexes appearing on track continue with the Greece-inspired momentum.
Headlines about the sharp sell-off in Chinese stocks and the ongoing Greek impasse provide the backdrop for today’s action, with the major indexes on track to continue the positive Fed-inspired momentum.
It’s all about The Fed today, with the two-day FOMC meeting concluding later this afternoon. While a majority of market participants see September as the date for the first interest rate increase, today’s meeting is expected to...
Stocks started today’s session in positive territory after back-to-back weak showings. But for the positive sentiment to carry through to the end of today’s session, we will need to see the bond market behave.
Stocks are starting to respond to the unusual volatility in the global bond and currency markets that are helping reverse existing trends in bond yields. This is weighing on market sentiment today, with the major indexes today...
Chinese stocks have been red hot lately, but they fell sharply on Thursday, with the Shanghai composite down -6.5% in Thursday’s session. There is no one factor that drove the sell-off, though a number of small factors...
It’s been a long time since Japan’s economy has produced the type of growth it did in 2015 Q1, with GDP growth coming in at a better than expected +2.4% vs. an upwardly revised growth pace of +1.1% in...
Today’s Housing Starts and Permits data for April came in better than expected, which followed soft housing readings in the preceding two months. Importantly, Starts went back above the one-million unit mark after staying below...
The silver lining to the recent run of soft economic readings is the Fed angle, with the central bank expected to hold off rate increases in the face of an uncertain economic backdrop. This has helped reverse the U.S. dollar’s strong...
US stocks appear on track to follow the lead from overnight market action in Europe and Asia, where stocks sold off in response to the rising government bond yields in the US and Germany. An unusual phenomenon is showing...
The jobs report shows that the labor market has started healing after the weak showing in the first quarter, likely giving some clarity and visibility to market expectations about Fed policy. This is a very positive report for...
This morning’s soft private-sector jobs report from ADP (ADP) adds to other recent economic readings that show that the Q1 slowdown has continued into the current period as well. We will know more after Friday’s...
The soft GDP read this morning sets the stage for the Fed announcement later this afternoon, with investors trying to handicap whether the Central Bank will start the tightening cycle in September or delay it further.
Stocks appear on track to start today’s session on a positive note and continue the favorable momentum from the last couple of sessions that pushed the Nasdaq into record territory, with the other indexes...
Earnings remain front and center this morning, with a barrage of companies blaming the strong U.S. dollar for their top-line weakness. While the focus remains on the Q1 earnings season, the Greek drama is moving in...
