[Chart courtesy of MarketWatch.com] US stocks closed with only small losses after speculations of a breakthrough in the ongoing EU summit in Brussels fueled a late-session recovery. The rumor over a possible progress in negotiations grew stronger after Bloomberg reported German Chancellor Angela Merkel has cancelled her scheduled press conference on Thursday night, raising hopes that European leaders will announce …
Major Market ETFs Rise On Economic Data; FCG Explodes, VROM Sputters; Will The EU Summit Be Successful?
[Chart courtesy of MarketWatch.com] Major Market ETFs rose for the second straight day on Wednesday following stronger than expected data on durable goods and housing, and ahead of a key European summit meeting starting tomorrow. Treasuries remained near flat after the US government auctioned $35 billion in five-year notes with yields trading at less than a quarter percentage point above …
US Stocks Inch Up On Europe, Housing Data; DBA Pops, VIXY Slips
[Chart courtesy of MarketWatch.com] US stocks finished higher Tuesday as investors turned slightly bullish on signs of improvement in the housing market, although clouds continue to hang over the markets ahead of the EU summit meeting scheduled for Thursday and Friday this week. Treasuries retreated as risk sentiments improved over speculation that European leaders were progressing over resolving the ongoing …
April Jobs Data Disappoints; Time For Another Round Of QE?
The Friday US jobs numbers disappointed big time. Does this mean the Fed will initiate another round of Quantitative Easing? According to Tom Porcelli, Chief US Economist at RBC Capital Markets, this job number alone is unlikely push the Fed to the edge. Ben Bernanke has made it clear that the Fed would prefer not to initiate another round of …
Is The US Economy Heading Towards A Recession? The Bears Certainly Think So
The latest US jobs data has brought the bears out in full force. And Gary Shilling, president of A. Gary & Co, is certainly no exception. Gary thinks the US recovery has primarily been driven by consumer spending as there has been a mini spending spree over the last few months. Though incomes rose slower than expenses, it looked earlier …
US, Japan Stocks Look Good From Valuation And Growth Perspective
Much have debated over the US job data for March and whether the growth momentum can be sustained. Analysts have predicted a pull back of up to 10 percent before markets rebound. John Vail, chief global strategist and head of asset allocation of Nikko Asset Management in Tokyo thinks US job growth is robust and one weak month doesn’t indicate …