Market Overview

The Federal Reserve delivered as expected. Its economic assessment was little changed, not being swayed one way or the other by most of the high-frequency data. It did recognize that inflation has...

FORECASTSTOCKS: The fundamental backdrop is volatile: the US payroll tax increase and “sequestration” are just now putting pressure upon the US economy; China has “dampened”...

The labor market’s growth slowed again in April, according to today’s ADP Employment Report. The 119,000 net gain in private payrolls last month is the smallest increase since last...

Market Drivers May 01, 2013UK PMI better within whisker of 50 helps fuel risk rallyAUD/USD lags after weak PMI and CNY dataNikkei Europe closedOil $93/bblGold $1472/oz.Europe and AsiaAUD AiG PMI 36.7...

10Y Italian and Spanish sovereign bond spread to Germany, narrowed by about 80bp in April, and are now at the lowest levels since 2011. However, most EUR crosses are currently trading below the...

With the European Central Bank's monthly meeting just a day away, the euro ticked up on rate cut expectations. The common currency neared a two week high on Wednesday and traded at $1.3191. The euro...

This Great Graphic, which we created on Bloomberg, shows how well the US-Japanese 10-year interest rate differential (yellow line) tracked the dollar's advance against the yen (bar chart) since the...

Foreign assets in US dollar terms topped the list of winners in April among the major asset classes, supported by a weak dollar. The US Dollar Index posted its first calendar-month decline in April...

US S&P500 closes at new high again. EUR/USD higher while oil drops.China NBS PMI fell in April, confirming the economy stayed soft into Q2.Australian PMI plunges to lowest level since 2009.All...

Nikkei225, Australia market down; China manufacturing unexpectedly slipsEconomic Data(CN) CHINA APR MANUFACTURING PMI: 50.6 V 50.7E (7th month of expansion)(JP) JAPAN MAR LABOR CASH EARNINGS Y/Y:...

USD Index at 2-month low ahead of FOMC Rate decision with rising expectations that the language could be more dovish; UK PMI Manufacturing beats expectationsNotes/ObservationsChina: Apr PMI...

StocksEuropeMost European markets are closed today for public holiday,s with the FTSE 100 inching higher in low trading volumes while investors sit on the sidelines to wait out the Fed Reserves policy...

Shares of Ampio Pharmaceuticals (AMPE) are on a roll after the company reported on April 24th that they had completed enrollment for their Phase III run-in trial with Ampion, a naturally occurring...

With most financial centers closed for the May Day celebration, the UK had the stage largely to itself in Europe and opportunity was not been wasted. CIPS manufacturing PMI was stronger than expected,...