Market Overview

All of the major stock indexes continue to trade inverse to the 10-year bond yield. When the yield on the 10-year U.S. Treasury note declines, the major stock indexes will usually rally. This inverse...

The Shanghai index broke below 20-year support line (1) in the chart below, attempted to climb back above this new resistance line and looks to have failed at (2). Now the Shanghai index is breaking...

(from my colleagues Dr. Win Thin and Ilan Solot) The Israeli central bank met today and as expected to keep rates steady at 1.25%.Given the turmoil in the global markets right now, we think it makes...

Markets tumbled overnight on fears that China's slowdown will produce the much dreaded hard landing as economists at Goldman Sachs cut the growth forecasts for the emerging market economy. Chinese...

The euro traded at $1.31 on Monday morning after last week's Federal Reserve announcement pushed the dollar up against most foreign currencies. The eurozone, which has seen improving economic...

Futures Drop On China Fears, Easing Doubts As Chinese Stocks PlummetU.S. equity futures declined in early pre-market trade Monday on continued fears surrounding the Chinese economy. The People's Bank...

Market movers todayGerman IFO expectations are projected to decline in line with the decrease seen in the German manufacturing PMI in June. The current IFO assessment is also likely to decline...

In June, the IFO business climate index increased for the second consecutive month, up from 105.7 in May to 105.9. The fall in the current conditions index was more than offset by the rise in...

Asian markets are dragged down by worries over China as the week opened. Nikkei dropped -167 pts, or -1.26% to close at 13062 while HK HSI was sharply lower by dropping for the -2% at the time of...

Unlike its namesake “eternal” flower, the Amaranth hedge fund was all too mortal. It opened its doors in May 2000 and, in an epic downfall, shuttered them in the fall of 2006. “At...

Someone sent us a quote from JPMorgan that finally explains the origins of the tight interbank liquidity conditions in China. It's roughly what analysts have been suggesting. JPMorgan: there is an...

Here is how the treasury curve shifted over the past two months (through to Monday, June 24).The obvious question is why has the sell-off been most acute in the 7-10yr range (the 7-year yield has...

The PBoC acted to calm China's interbank markets Monday morning, somewhat stabilizing liquidity and short-term rates. The PBoC made a vague statement over the weekend regarding its monetary policy. ...

Last week the expected FOMC meeting took place and Gold and Silver prices went down to 2.5 year lows. The FOMC suggested that if economic conditions continue to improve, the Fed will start narrowing...