“Most Asian stocks fell after Japanese machinery orders dropped more than estimated andStandard & Poor’s downgraded Spain’s credit rating.”
Comments »U.S. Equities Look to Break Losing Streak on Citigroup Upgrade
“Citigroup Inc. upgraded U.S. equities and predicted a global rally through the end of 2013.”
Comments »Asia Trades Lower, Europe is Higher, and U.S. Futures Look to Erase Half of Yesterday’s Losses
Economic Data
Import Prices: Prior -0.2%, Actual 1.1%
Initial Claims: Prior 367k, Market expects 370k, Actual 339k,
Trade Balance: Prior -$42.bn, Market Expects -$43bn, Actual -$44.2bn
Futures move higher on the data….
Comments »Purchasing Managers Survey Shows a Slowdown in Emerging Market Economies
“Emerging-market economies probably grew more slowly in the third quarter as global demand weakened amid a slump in the euro region and the U.S., HSBC Plc (HSBA) said, citing a survey of purchasing managers.
The HSBC Emerging Markets Index, which is compiled by London-based Markit Economics and tracks conditions at more than 5,000 companies, fell to 52.1 from 53.2 in the previous three months, HSBC said in a report today. Expansion was weakest in a year and the second-slowest since the second quarter of 2009 when the global recovery began from the crisis that followed the collapse of Lehman Brothers Holdings Inc., HSBC said.
The International Monetary Fund cut its global growth forecasts yesterday and said that expansion may slow even more unless officials in the U.S. and Europe address threats to their economies. Among the largest emerging markets, Brazil and China underperformed India andRussia, HSBC said.”
Comments »Global Markets trade Lower, U.S. Futures Down Slightly
Global Markets Trade Mixed, U.S. Futures are Flat
Market Update
[youtube://http://www.youtube.com/watch?v=4SvqyeuUReU 450 300]
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Global Markets Take a Negative Tone After Last Week’s Rally
Global markets and currencies took a step back after recent rallies on hopes Europe will contain the sovereign debt crisis.
Comments »U.S. Equities Post Modest Losses Before EU Officials Meet
U.S. stock futures fell, following last week’s rally in benchmark indexes, as European finance ministers prepared to meet to discuss the region’s debt crisis.
Bank of America Corp. (BAC) and Monsanto Co. (MON) each retreated 1.4 percent to pace declines among the biggest companies. KeyCorp (KEY), Ohio’s second-largest bank, decreased 1.2 percent after Deutsche Bank AG reduced its recommendation for the shares. Netflix Inc. (NFLX), the world’s largest video-subscription service, advanced 6.4 percent after being raised at Morgan Stanley.
Comments »FLASH: U.S. Futures Rally Off Jobs Data
Global Markets Rally, U.S. Futures are Unch Before Employment Data
Market Update
Asia Trades Up, Europe Pares Gains, and U.S. Futures Reach for Higher Ground
Market Update
U.S. markets trade in classic chop fashion around the flat line. Markets are waiting to see tonight’s presidential debate and for some further details about Spain and the overall debt resolving plans out of the EU.
Gold and silver is up while oil and other commodities get the homo hammer from a stronger dollar.
Comments »Global Markets Trade Flat to Down, U.S. Futures Reflect Global Sentiment
Asia Rallies, Japan Pares Gains on Worries of a Global slowdown
“Oct. 2 (Bloomberg) – Japanese stocks fell amid concerns a global economic slowdown will weigh on earnings. Shares gained earlier after U.S. manufacturing data beat estimates and Federal Reserve Chairman Ben S. Bernanke renewed a pledge to sustain stimulus.”
Comments »European Markets Try to Rally as Spain is Expected to Take a Bailout Soon
“European stocks climbed for a second day, their first back-to-back gains in three weeks, as Spanish bond yields fell following a report the country will soon seek a sovereign bailout. U.S. index futures rose, while Asian shares were little changed.”
Comments »Asia Trades Higher, Europe is Flat, and U.S. Futures Reach for Upside
Chicago PMI Falls Into Negative Territory
“WASHINGTON (MarketWatch) — The MNI Chicago Report said its purchasing managers’ index fell to 49.7 in September from 53.0 in August. Any reading below 50 indicates contraction. This is the lowest level in three years. The size of the decline was unexpected. Economists had expected only a small decline. ”
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