China in the Spotlight for Positive and Negative Interventions
Generally speaking markets really hate it when governments get too involved in the economy or investing whether it be tariffs, sanctions, capital gains or dividend taxes, antitrust actions or other things. Nvidia is down 2.2% in premarket trading, dragging NASDAQ futures down 0.2% after China announced over the weekend that it has started an investigation […]
Global Markets Bounce Back in US Holiday Trading
Although US markets declined heading into the Thanksgiving/Black Friday holiday weekend with declines of 0.3% to 0.6% yesterday, stock markets around the world have been bouncing back this morning. In Europe, the Dax is up 0.7% as German consumer prices showed inflation pressures continue ease, and the FTSE is up 0.1%. Canadian TSX index futures […]
Commodities Fall as China Bears Strike Back
Sometimes no news is bad news. Sentiment toward China and related markets had improved dramatically over the last couple of weeks on anticipation of new stimulus for its struggling economy. That came to an abrupt end after comments by Chinese economic officials had no new commentary or details on stimulus. This news sent the Hang […]
Pound Plunge, Oil Rally and Employment Data In Focus Today
The China driven rally in equities and commodities of the last week appears to be fading. Hong Kong lost 1.4% overnight, Tokyo, which has been trading opposite to China markets in recent days, bounced back by nearly 2.0%. US index futures are down today, falling 0.1%-0.3%, as are most European indices, including losses of 0.4% […]