It’s one of those rallies where you just stand back in awe. The high so far in the S&P 500 today is 1999 in a 16 point rally. The index is up 9.8% since October 28. Show this chart to … Continue reading
Closing changes for the major European bourses: UK FTSE – flat German DAX +0.3% French CAC +0.7% Italy MIB +0.1% There was a good-sized reversal in French stocks today.
Closing changes for the main European bourses: UK FTSE +0.7% German DAX +0.1% French CAC -0.1% Italy MIB -1.6% Italy is looking very soft.
The S&P 500 continues to march higher with the index up 7 points at the open to 1969. The 1970 level was the high on Oct 8 and is an interesting line of resistance. It was the a huge turnaround … Continue reading
Closing changes for the main European bourses: UK FTSE -0.5% German DAX -0.6% French CAC -0.6% Italy MIB +0.4% On the week: UK FTSE +1.23% German DAX +1.67% French CAC +2.54% Italy MIB +4.35% It’s been a wild year in … Continue reading
As New York traders enter for the day, they are faced with a very quite market. The % change of all the major currency pairs are close to the close from yesterday. The largest % change of any currency is … Continue reading
The 10 year bond is up to 2.27%. This is up from 2.24% at the start of the NY session. Last week it fell below 2% on the Ebola scare. Gold is falling sharply (down over 1% in trading today). … Continue reading
The strongest is the CAD and the AUD. Most of the gains in the AUD are against it’s neighbors in NZD and Japan. The weakest is the. NZD. Weaker inflation data sent the NZD lower. The JPY is also lower … Continue reading
Yesterday was the best day for the S&P 500 in a year. Just holding onto those gains today would be a victory for the bulls. Just ahead of the open, futures indicate a 0.25 point decline. Corporate earnings were generally … Continue reading
The AUD and NZD are the strongest currencies today. The gains are fairly modest, however. The GBP is the weakest currency as BOE meeting minutes showed greater risks to the UK economy from the weakness in the Euro area. The … Continue reading