Throughout this past week, many traders had the same question: How could the little island nation of Cyprus wreck so much havoc upon global markets? Although Cyprus has a population of just over 1 million and a GDP that is less that 0.15% of the total for the 27-nation European Union, their financial service sector […]
Tag Archives | Financials
Hong Kong shares were lower overnight and they fell to the lowest levels of the year, off residual Cyprus concerns, while mainland Chinese shares were marginally higher off reports that real estate curbs might not be as limiting as was initially feared. European stock indices were weaker again off fears that a vote on a […]
Good Morning from Chicago, Asian equity markets posted mixed results, with the Nikkei stock index up 0.53% and Chinese equity markets generally weaker. European stock markets have started the week under pressure, with Italian and Spanish equities down more than 0.75%. Chinese CPI during February was up 3.2% year-on-year, higher than market expectations. Chinese Retail […]
As we suggested last week, something is clearly amiss in the global economy, as a tempering of US and international data and a somewhat hawkish spin from the January FOMC meeting has undermined many commodity markets. Consistent strength in the Dollar, lackluster post-Chinese New Year holiday economic news and technically-related selling exaggerated the late February […]
Below is a sample of The Hightower Report’s Daily Commentary. To get this comment, and our daily coverage of 15 additional markets and trade ideas, visit futures-research.com for your free 2 week trial! The Treasury market held up rather well in the face of a recent string of slightly better than expected US data points. […]
While the trend in the indices point down, we can’t rule out the possibility of a near-term technical rebound.
With a recent TIC report showing ongoing foreign investor interest in US Notes and Bonds, it is clear that US Treasuries and the US currency are set to remain in a very limited group of flight to quality instruments.
While the recent change in leadership in Greece and France cast doubt on past austerity pacts and the uncertainty has injured global confidence, it isn’t a given that the global recovery attempt will be completely foiled by this bump in the road.