Market Overview

Dollar, stocks and gold all strengthened overnight after the ECB opened the door for negative deposit rates. U.S. equities were given an additional lift by gains in tech stocks, and the S&P 500...

European Central Bank President Mario Draghi opened a new front in the battle against the debt crisis after cutting the benchmark rate to a record low today.Speaking in Bratislava, Draghi signalled...

The April labor market report is very reassuring, as job creations reaccelerated while past data were revised upwards. The unemployment rate once more declined, while hourly earnings accelerated...

A central bank-heavy week ends with US payrolls but unless the number surprises the session should be a quiet one. More important to the markets in the medium-term will be the European...

Activity accelerated again in services in April. The CIPS services activity index (up to 52.9 from 52.4) reached its highest level since August 2012. That’s good news, better still than from the...

The EUR/USD lost over 100 points after the ECB decided to cut interest rate by 0.25 % to a historical low of 0.50. The EUR fell immediately on the announcement and traded at 1.3074. The decision was...

You don’t need to be an economist to know that Turkey is small and medium enterprise (SME) country; spending a weekend in the country would be more than enough. Unfortunately, only 20 percent of...

The Fed is now blaming Congress for the failures of its QE policies.This is to be expected, given that no one in the power elite ever accepts responsibility for their own failures. Congressional...

What's New: I've updated the charts below through Today's close. The S&P 500 is now up 12.02% for 2013 at its all-time closing high. The yield on the 10-year note closed Friday at 1.66%, its...

The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 324,000 new claims number was a 18,000 decline from the previous week's upwardly revised 342,000. This is...

(from my colleague Ilan Solot)This is what has changed in the EM space, in our view:1) Thailand: Officials are stepping up action and rhetoric against THB appreciation2) India: We are becoming more...

The eventful week concludes with key U.S. employment data due out Friday. It comes on the heels of a series of economic reports that were weaker than the consensus expected and points to a loss of...

After two months of stalemate following what markets considered very disturbing election results, Italy has a new government, one that is considerably better for the country and the economy than many...

The Chinese economy is crucial to the global economy. After all, there are approximately 1.3 billion people in the country, which leads to a lot of consumption and consumer spending for corporations....