In an otherwise calm market, Italian bonds have been sold off today, breaking away from the broader bullish sentiment amid the European bond market, with the yield on 10Y BTPs rising as much as 5bps, above 2% for the first time since October 26. While there has been no specific catalyst, some traders are starting…
In the dying hours of trading in 2017, the Canadian dollar is extending its recovery. USD/CAD is around 1.2530, after having reached a low of 1.2514. This is an extension of the break below the critical 1.2630 level, a move that sent it to the lowest levels in two months. The US dollar continues falling…
Photo by investmentzen Economic theory has always held that an inverted U.S. treasury yield curve could be used as a reliable signal for a recession looming on the horizon. According to the Federal Reserve, however, this time is different! This Time Is Different “How different the position of the investor today!” was the headline for an ad…
With just a few hours left in the trading day, the S&P 500 is on track to deliver a hefty gain of over 20% to investors for 2017 and the ninth straight year of gains on a total return basis. In the S&P 500’s history, there has only been one other period where the S&P…
Gold prices touched their highest settlement in a month on Dec 27 prompted by the U.S. dollar falling to a four-week low. A weaker greenback also had a positive impact on silver prices. Rising gold and silver prices bode well for the overall precious metals market. Gold lost some of its luster in 2016 after…
Consumers splurged this Christmas. GDP will rise. Hooray. But how long will it take for consumers to pay off their debt? MarketWatch, citing MagnifyMoney notes that Many People Blew Their Holiday Budgets. Shoppers in the U.S. racked up an average of $1,054 of debt this Christmas season — an increase of 5% over last year, according…
Market Analysis As the commodity markets end 2017, the main focus remains on South America’s weather and its impact on their growing season. However, the final row crop output levels for 2017/18 will also garner some interest when these numbers are released on January 12. The changes aren’t likely to be monumental, but the direction…
Telecommunications equipment companies are falling after Adtran (ADTN) issued guidance for its fourth and first quarters this morning. GUIDANCE: Adtran revised revenue and earnings estimates for Q4 ending December 31, forecasting adjusted earnings per share of roughly 1c on revenue of $125M. Previous guidance saw Q4 revenue between $155M-$165M. The guidance compares to analyst estimates…
Unless the world comes to a very serious end in the next few hours, global equity markets are about to do something they have never done before… rise for 13 consecutive months. Not one losing month in 2017… But it’s not just global equities, the S&P 500 is now up 14 straight months and in just a…
Top Tickers For Midday December 29
