Market Reviews

Ireland returned to public debt markets following an almost two-year absence after European leaders took steps to ease the financial burden of nations that received bailouts. The National Treasury Management Agency sold €500m of bills due in October at a yield of 1.80%, the first auction since September 2010, the Dublin- based. Fewer Americans filed

JPMorgan Chase & Co. the largest underwriter of corporate bonds worldwide, jumped eight spots to number two in Asia as Li Ka-shing’s Hutchison Whampoa Ltd. (13) picked the bank to manage its return to the market. European stocks fell from a two-month high and metals declined after Germany’s services industries unexpectedly shrank last month. The

Markets are trading fairly flat with Wall Street closed for the US holiday and the height of vacation season in the US and European participants tentative after the huge moves on Friday. EURUSD has crept back to the 1.25-1.26 range that it inhabited during the week leading into the EU summit. The Canadian dollar is

The US markets ended mixed after witnessing a lack of direction over the course of the trading day on Monday. The choppy trading on Wall Street came as traders expressed uncertainty about the near term outlook for the markets following last Friday’s rally. Light trading activity ahead of the Independence Day holiday also contributed to

European markets will be fixated on the aftermath of the EU Summit and how it plays out in key central bank decisions.  The ECB is expected to cut by 25-50bps on Thursday, and the BoE is expected to increase the scale of its asset purchase program by £50B to £375B.  Neither are shoe-ins, and are

The market may open on a firm note, tracking higher Asian shares. US futures have gained. Asian shares surged on Friday, 29 June 2012, after a late Thursday night meeting of European leaders came up with a plan for a single financial supervisory mechanism for the European region to help stabilize markets. European Commission President

US stocks were little changed as investors awaited reports on durable-goods orders and housing to assess the strength of the economy before an EU summit that starts today. The S&P 500 advanced yesterday as optimism about the housing market tempered concern that the Euro debt crisis will worsen. The climb trimmed the equity benchmark’s decline

Asian stocks recovered from dismal opening Wednesday morning to trade mostly higher, with Hong Kong leading the region amid some buying by funds, though volume remained light ahead of a key European summit. US markets traded with a positive bias today, as the S&P 500 and NASDAQ were both up approximately 0.75% after yesterday’s sell-off. 

A pair of manufacturing surveys were released today in the US. The Chicago National Activity Index for May showed that conditions had deteriorated somewhat, while the Dallas Fed’s manufacturing survey for June showed an improvement in conditions. After the Philly Fed’s surprising collapse in June, we’ll be watching the other regional Fed surveys especially closely.