US Market Update: DJIA -29 S&P500 +3.2 NASDAQ -15

May 18th, 2012

***Economic Data*** – (ES) Spain Mar Trade Balance: -#8364;3.3B v -#8364;3.8B prior – (BR) Brazil Mar Economic Activity M/M: -0.4% v +0.5%e; Y/Y: 0.9% v 2.4%e – (IN) India Forex Reserves w/e May11th: $291.8B v $293.2B prior…

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US Market Update: DJIA -29 S&P500 +3.2 NASDAQ -15

EU Market Update: Spain’s banking sector said to be calling on market regulator for renewed ban on short-selling

May 18th, 2012

European equity indices opened lower, but have since moved off of the worst levels for the session. Spanish banks have rebounded from the prior session’s losses, as shares of Bankia [BKIA.ES] have traded higher by over 20%, amid speculation that ……

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EU Market Update: Spain’s banking sector said to be calling on market regulator for renewed ban on short-selling

EU Market Update: Spain’s banking sector said to be calling on market regulator for renewed ban on short-selling

May 18th, 2012

European equity indices opened lower, but have since moved off of the worst levels for the session. Spanish banks have rebounded from the prior session’s losses, as shares of Bankia [BKIA.ES] have traded higher by over 20%, amid speculation that ……

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EU Market Update: Spain’s banking sector said to be calling on market regulator for renewed ban on short-selling

Asian Market Update: Risk-aversion at a boil after Moody’s cut of Spanish banks and tepid China housing data

May 18th, 2012

Asian equity markets are sliding ever lower in the final trading session of the week, giving little reverence to the G8 summit taking place this weekend in Camp David. Regional indices are off by over 2% just about across the board, SP500 futures have re…

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Asian Market Update: Risk-aversion at a boil after Moody’s cut of Spanish banks and tepid China housing data

Asian Market Update: Risk-aversion at a boil after Moody’s cut of Spanish banks and tepid China housing data

May 18th, 2012

Asian equity markets are sliding ever lower in the final trading session of the week, giving little reverence to the G8 summit taking place this weekend in Camp David. Regional indices are off by over 2% just about across the board, SP500 futures have re…

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Asian Market Update: Risk-aversion at a boil after Moody’s cut of Spanish banks and tepid China housing data

US Market Update: DJIA -50 S&P500 -4.0 NASDAQ -25

May 17th, 2012

***Economic Data*** – (BR) Brazil May FGV Inflation IGP-10 M/M: 1.0% v 1.0%e – (BR) Brazil Mar Retail Sales M/M: 0.2% v 0.3%e; Y/Y: 12.5% v 11.7%e; Broad Retail Sales Y/Y: 10.2% v 7.9%e…

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US Market Update: DJIA -50 S&P500 -4.0 NASDAQ -25

EU Market Update: 3-month Euribor rises for the first time in the post-LTRO environment

May 17th, 2012

European equity markets opened the session slightly higher, but indices have since pared gains as most banks are in negative territory. Banks have traded with a negative tone, amid reports that JP Morgan’s previously reported $2B trading loss may ……

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EU Market Update: 3-month Euribor rises for the first time in the post-LTRO environment

Asian Market Update: Markets given a boost on US commitment to easing; Japan shows growth in Q1 GDP

May 17th, 2012

Markets were less cautious today becoming accustomed to Greece’s new instability, with a fresh election date and a caretaker government put in place confirmed today. Some of the positive sentiment can also be attributed to the US Fed’s willingness ……

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Asian Market Update: Markets given a boost on US commitment to easing; Japan shows growth in Q1 GDP

US Market Update: DJIA +23 S&P500 +3.8 NASDAQ +1.5

May 16th, 2012

***Economic Data*** – (US) MBA Mortgage Applications w/e May 11th: 9.2% v 1.7% prior – (ZA) South Africa Mar Retail Sales M/M: 2.1% v 2.7%e; Y/Y: 6.8% v 6.6%e…

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US Market Update: DJIA +23 S&P500 +3.8 NASDAQ +1.5

US Market Update: DJIA +23 S&P500 +3.8 NASDAQ +1.5

May 16th, 2012

***Economic Data*** – (US) MBA Mortgage Applications w/e May 11th: 9.2% v 1.7% prior – (ZA) South Africa Mar Retail Sales M/M: 2.1% v 2.7%e; Y/Y: 6.8% v 6.6%e…

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US Market Update: DJIA +23 S&P500 +3.8 NASDAQ +1.5

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