This morning, the S&P 500 Index e-mini futures (ES-U2) are trading lower by 0.50 points to $1308.25 per contract. Believe it or not, the futures market is holding up well considering the horrible news out of Europe where bond yields on both Italian and Spanish debt are soaring higher today. In fact, the yield on Spain's 10-year bond reached 7.0% earlier today after Moody's cut the countries debt rating. Greeks go to the polls this Sunday to decide if they want to stay in the European Union. You just can't make this stuff up as it just seems to be getting worse by the minute. This is why we use charts and don't care about the news. Traders must keep an eye on the U.S. Dollar Index as a falling dollar will help inflate the major-market indexes.
Last night, Asian markets were all lower on the session. The Sensex Index (India) declined the most falling by 1.20%. Indian inflation is on the rise again, which could be problematic for the Indian ADR's today. Leading-Indian equities such as The India Fund Inc (NYSE: IFN), Tata Motors Limited (ADR) (NYSE: TTM), Infosys Ltd (ADR) (NASDAQ: INFY) and Wipro Limited (ADR) (NYSE: WIT) could all be vulnerable to declines if the U.S. markets are weak.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Markets Start Flat, Yields Go Berserk!
Published 06/14/2012, 09:35 AM
Updated 07/09/2023, 06:31 AM
Markets Start Flat, Yields Go Berserk!
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.