PRIVATE BLOG – The May 7th ECM Target
PRIVATE BLOG – The May 7th ECM Target Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
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
The Traitor Waving Ukrainian Flags on the House Floor Should be Removed from Office
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/Waving-Ukrainian-Flags.mp4 President Theodore Roosevelt made it perfectly clear Anyone who has any allegiance to a flag OTHER THAN American has no business being in public office and should [...]
The President Overtaking the Federal Reserve – BAD IDEA
I do not agree with Donald Trump’s view of the Federal Reserve. I speak on behalf of sound economic policies that benefit the people. I do not blindly support a [...]
Bad Hygiene is Good for the Environment
We are expected to sacrifice all of our Earthly comforts in the name of climate change. The latest issue brewing across the media is water conservation, specifically taking daily showers. [...]
