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Apr 10, 2015

Nikkei tops 20,000, European shares hit 15-year high

NEW YORK (Reuters) – World equity markets tested record highs on Friday as hopes of more easy money from top central banks pushed Japan’s Nikkei index past 20,000 points for the first time in 15 years.

The dollar added to recent gains, moving it toward parity with the euro, boosted by favorable bond yields in the United States compared with Europe.

Apr 9, 2015

Europe, U.S. shares rise, dollar strengthens

NEW YORK, April 9 (Reuters) – World equity markets rose on
Thursday, led by European exchanges after stronger-than-expected
German economic figures and Greece’s repayment of a 450 million
euro loan to the International Monetary Fund.

The dollar added to recent gains, on a continued reaction to
more hawkish comments from Federal Reserve officials suggesting
that a June interest-rate increase could still be a possibility.
U.S. bond yields were also higher, after a weak sale of 30-year
Treasury bonds.

Apr 9, 2015

Greece to repay IMF, European stocks at seven-year high

LONDON/NEW YORK (Reuters) – World equity markets rose on Thursday, lifted after Greece confirmed it will pay a 450 million euro loan tranche to the International Monetary Fund and on growing expectations the U.S. Federal Reserve will not raise interest rates until the latter part of the year.

European markets also strengthened on German industrial output and trade data, which showed the continent’s largest economy improving in February.

Apr 9, 2015
via Morning Bid with David Gaffen

All in the Family (Dollar)

The best part of the early days of earnings season? Every release is the newest bellwether, and they’re all a signal of the current “trend,” because there’s nothing to act as a contradicting force to only a few data points.

So, the release of Family Dollar Stores figures – where the company said weak sales in February due to weather gave way to a solid March – means, obviously, that everything is bright and sunny on the horizon as spring comes into focus.

Apr 9, 2015
via Morning Bid with David Gaffen

All in the Family (Dollar)

The best part of the early days of earnings season? Every release is the newest bellwether, and they’re all a signal of the current “trend,” because there’s nothing to act as a contradicting force to only a few data points.

So, the release of Family Dollar Stores figures – where the company said weak sales in February due to weather gave way to a solid March – means, obviously, that everything is bright and sunny on the horizon as spring comes into focus.

Apr 8, 2015
via Morning Bid with David Gaffen

Living in a Kocherlakota world

The Federal Reserve will release the minutes from its March 17-18 monetary policy meeting, when it dropped the word “patient” from its statement. But it also added another half-step before it moves on raising rates by talking up worries about the labor market and generally making it seem like rate hikes will happen sometime never.

The “bad is good and good is bad” argument has gotten a lot of air time lately, but the expectations for interest-rate increases to come in June, and then September, still appear somewhat aggressive, as economists at RBC point out in commentary.

Apr 8, 2015
via Morning Bid with David Gaffen

Living in a Kocherlakota world

The Federal Reserve will release the minutes from its March 17-18 monetary policy meeting, when it dropped the word “patient” from its statement. But it also added another half-step before it moves on raising rates by talking up worries about the labor market and generally making it seem like rate hikes will happen sometime never.

The “bad is good and good is bad” argument has gotten a lot of air time lately, but the expectations for interest-rate increases to come in June, and then September, still appear somewhat aggressive, as economists at RBC point out in commentary.

Apr 7, 2015
via Morning Bid with David Gaffen

Waiting for Mr. Dudley

Earnings do not really get under way until next week, and the few early birds coming through in the next few days, like the usual Alcoa, et al, are not bellwethers of much other than global demand for aluminum.

Which means the Federal Reserve speaking circuit and the coming minutes are probably most in focus. Fed Governor Jerome Powell will speak Wednesday morning on the “challenges of monetary policy,” meaning the central bank’s decision-making process.

Apr 7, 2015
via Morning Bid with David Gaffen

Waiting for Mr. Dudley

Earnings do not really get under way until next week, and the few early birds coming through in the next few days, like the usual Alcoa, et al, are not bellwethers of much other than global demand for aluminum.

Which means the Federal Reserve speaking circuit and the coming minutes are probably most in focus. Fed Governor Jerome Powell will speak Wednesday morning on the “challenges of monetary policy,” meaning the central bank’s decision-making process.

Apr 3, 2015

U.S. Treasuries rally, equity futures drop after jobs data

NEW YORK, April 3 (Reuters) – U.S. Treasuries prices
rallied, the U.S. dollar fell and stock index futures fell on
Friday after weaker-than-expected March U.S. jobs data.

U.S. Labor Department data showed employers added just
126,000 jobs in March, the smallest monthly increase in more
than a year. The figure was well below forecasts for a gain of
245,000, according to a Reuters poll of economists.

    • About David

      "David Gaffen oversees the U.S. markets team, having joined Reuters in May 2009. He spent four years at the Wall Street Journal, where he was the original writer of the web site's MarketBeat blog. He is a frequent guest on Reuters TV, and has appeared on CNN International, Fox Business, NPR, and assorted other media and is the author of the book "Never Buy Another Stock Again.""
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