The message
COMMENT: Mr. Armstrong ….. I do hope this article ‘sinks in’ and we finally will get an objective government also being replicated around the world!! Opa’91 Survivor of WWII in [...]
Market Talk — May 20, 2016
The market seems happy that the JPY trades comfortable north of 110 as we saw a small 0.5% gain in the Nikkei today. Hang Seng performed better closing up over 1%. with Shanghai also closing near its highs. A quiet session to close the week but at least on a positive note.
A quiet but very positive play in Europe also today. The stand-out performance were from FTSE and CAC both closing up 1.7% while DAX and IBEX returned 1.15% a piece. Unfortunately, GBP lost around 1% against the USD today which negates some of the FTSE gains.
A quiet day in the US markets also but after the losses we saw earlier in the week a small rebound was very welcome. We closed way off the days best and in a quiet session but it has been a week many are happy to see the back of. The DOW and S+P closed up around 0.3% whilst the NASDAQ closed up over 1% higher. The VIX came off its highs closing this evening at 15.2.
A quiet day also in Treasuries after the early sell-off we closed a smidgen higher (price, lower yield), with the curve small flattening. 2’s closed the session at 0.88% while 10’s closed 1.84% (-2bp); closing the 2/10 curve at +96bp. German 10yr Bund closed 0.165% (-1bp) ending the US/German 10yr spread at +167.5bp. Italy 10yr closed 1.47% (-2bp), Greece 7.31% (-1bp), Turkey 10.03% (+1bp), Portugal 3.08% (+2bp) and Gilts closed 1.45% (+1p).
Makes you think when you are writing a market comment when the yield for a 10yr government bond is 1.45% yet the currency lost 1% in todays session!
Latest Posts
Market Talk – January 21, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 125.48 points or 0.32% to 39,027.98 • Shanghai decreased 1.75 points or -0.05% to 3,242.62 [...]
Canada Created its Own Trade Barriers
Stéfane Marion, chief economist of the National Bank of Canada, has urged the Canadian government to reconsider their own trade barriers amid criticism of Donald Trump’s proposed tariffs. The International [...]
US Population Rapidly Growing
The population of the United States grew by 1% to 340.1 million in 2024, according to the US Census Bureau, marking the largest population increase since 2000. The nation has [...]
