David's Feed
Mar 5, 2014

Reduced jitters over Ukraine stabilize markets

NEW YORK, March 5 (Reuters) – World markets were calm on
Wednesday after two days of wild swings, with the United States
and Russia set to hold talks on easing East-West tension in
Ukraine.

An index of global equity markets clung to
modest gains, currency and bond markets stabilized and oil
prices dipped again as the West stepped up efforts to persuade
Moscow to pull its forces back in Crimea and avert the risk of
war. Russian President Vladimir Putin said on Tuesday that
military force would be used only as a last resort.

Mar 5, 2014

Reduced tension over Ukraine calms markets

NEW YORK/LONDON (Reuters) – A semblance of calm returned to world markets on Wednesday after two days of intense volatility, with the United States and Russia set to hold talks on easing East-West tension in Ukraine.

An index of global equity shares .MIWD00000PUS was modestly higher, currency and bond markets stabilized and oil prices dipped again as the West stepped up efforts to persuade Moscow to pull its forces back in Crimea and avert the risk of a war. Russian President Vladimir Putin said on Tuesday that military force would only be used as a last resort.

Mar 5, 2014
via Counterparties

MORNING BID – Bubble, bubble

Opinions vary right now as to whether we’re seeing the return of bubble-like qualities across a broad swath of the market or just in select names (which really isn’t a bubble, then, bubeleh, just overvalued stocks).

With the Ukraine issue subsiding a bit, investors had a chance to sink their teeth back into the market, including a number of areas that seemed ripe for buying, like small-cap names, which saw a very strong 2.6 percent increase on Tuesday that outdid the larger-cap stocks.

Mar 5, 2014
via Counterparties

MORNING BID – Bubble, bubble

Opinions vary right now as to whether we’re seeing the return of bubble-like qualities across a broad swath of the market or just in select names (which really isn’t a bubble, then, bubeleh, just overvalued stocks).

With the Ukraine issue subsiding a bit, investors had a chance to sink their teeth back into the market, including a number of areas that seemed ripe for buying, like small-cap names, which saw a very strong 2.6 percent increase on Tuesday that outdid the larger-cap stocks.

Mar 5, 2014

U.S. services growth dips in February: Market

By David Gaffen

(Reuters) – Growth and the pace of hiring in the U.S. services sector slowed in February, an industry report showed on Wednesday, though industry executives said unusually bad weather was in part to blame for disruptions in economic activity.

Financial data firm Markit said its final service sector purchasing managers’ index dipped to 53.3 in February from 56.7 in January. A reading above 50 signals economic expansion, and the result was better than Markit’s preliminary “flash” reading of 52.7 released last week.

Mar 5, 2014

U.S. services growth dips in Feb -Markit

March 5 (Reuters) – Growth and the pace of hiring in the
U.S. services sector slowed in February, an industry report
showed on Wednesday, though industry executives said unusually
bad weather was in part to blame for disruptions in economic
activity.

Financial data firm Markit said its final service sector
purchasing managers’ index dipped to 53.3 in February from 56.7
in January. A reading above 50 signals economic expansion, and
the result was better than Markit’s preliminary “flash” reading
of 52.7 released last week.

Mar 3, 2014
via Counterparties

MORNING BID – Detangling Ukraine

Geopolitical situations are difficult ones to interpret from a markets perspective. For the time being, markets are responding to the escalation of hostilities in Ukraine – where Russia has bloodlessly taken control of the Crimea region and is threatening more action in the eastern part of the country – with a bit of negativity. The action is notable in U.S. equity futures, down more than one percent, and some buying in the safe haven that is U.S. Treasuries, along with bond markets around the globe.

Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management, said it well enough in describing the market views so far, that “the fallout for the equity markets may be minor over the medium-term. The short-term is more of a gamble. It should serve as a reminder that you don’t put grocery money for the next month in risky assets.”

Mar 2, 2014

U.S. equity futures slip, concerns about Ukraine cited

By David Gaffen

(Reuters) – U.S. equity futures dipped at the open of electronic trading on Sunday, with concerns about Russia’s aggression in the Ukraine weighing on sentiment.

The Standard & Poor’s 500 E-mini futures, the most popularly traded equity futures contract, fell 15 points, or 0.8 percent, to 1842.50 in early trading.

Feb 28, 2014
via Counterparties

MORNING BID: Bitcoin, gravity, and “Gravity”

United States markets have hit a relatively calm period. Where problems in Ukraine and Russia are giving a modest safety bid to treasuries, the U.S. stock market continues its climb after a better-than-expected earnings season, though concerns remain over the weather’s impact on some recent weak economic data.

The more interesting action is taking place in the world of bitcoin, where the biggest exchange Mt. Gox, filed for bankruptcy after several months of dwindling as the most influential exchange in this fledgling market.

Feb 28, 2014
via Counterparties

MORNING BID: Bitcoin, gravity, and “Gravity”

United States markets have hit a relatively calm period. Where problems in Ukraine and Russia are giving a modest safety bid to treasuries, the U.S. stock market continues its climb after a better-than-expected earnings season, though concerns remain over the weather’s impact on some recent weak economic data.

The more interesting action is taking place in the world of bitcoin, where the biggest exchange Mt. Gox, filed for bankruptcy after several months of dwindling as the most influential exchange in this fledgling market.

    • About David

      "David Gaffen oversees the stocks 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 has appeared on Fox Business, CNN International, NPR, and assorted other media and is the author of the forthcoming book "Never Buy Another Stock Again.""
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