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Equities Higher to Start but Susceptible to Profit-Taking

US equity markets began the new trading week slightly higher with positive impetus coming in the wake of a stronger than expected look at fourth-quarter GDP data Friday. The Japanese Nikkei closed higher in overnight action, aided by weakness in the Japanese Yen and prospects for another round of fiscal stimulus. China’s Shanghai Composite failed […]

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STOCKS: Macro-Economic Optimism Off Improved Chinese Conditions

US equity markets are sharply higher this morning which is surprising considering that the March S&P 500 temporarily violated the 1900.00 level in last Friday’s action. Limiting the bullish track this morning is lingering fear toward European bank shares and uncertainty surrounding UK/EU talks. However, some traders also viewed the uptick in January CPI as […]

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