DailyWatch11092016

Today’s Markets

In Asia, Japan -5.4% to 16251. Hong Kong -2.2% to 22415. China -0.6% to 3128. India -1.2% to 27252.
In Europe, at midday, London -0.7%. Paris -1.6%. Frankfurt -1.5%.
Futures at 6:20, Dow -2%. S&P -2.2%. Nasdaq -2.6%. Crude flat at $45. Gold +2.6% to $1307.10.
Ten-year Treasury Yield +7 bps to 1.93%

Today’s Economic Calendar

7:00 MBA Mortgage Applications
10:00 Wholesale Trade
10:30 EIA Petroleum Inventories
1:00 PM Results of $23B, 10-Year Note Auction
9:00 PM Fed’s Williams: Economic Outlook

Market Summary

The S&P futures are trading at 2107 in morning trading.

Donald Trump has been elected the 45th president of the United States, beating his opponent Hillary Clinton as well as a raft of pre-election polls. “Now it’s time for America to bind the wounds of division,” he said in a victory speech, calling on all Americans to come together. The GOP also kept control of both the Senate and the House, giving the party greater freedom to implement its policy platform. Continue reading “DailyWatch11092016”

DailyWatch1172016

Today’s Markets

In Asia, Japan +1.6% to 17177. Hong Kong +0.7% to 22801. China +0.3% to 3133. India +0.7% to 27459.
In Europe, at midday, London +1.5%. Paris +1.8%. Frankfurt +1.6%.
Futures at 6:20, Dow +1.4%. S&P +1.4%. Nasdaq +1.6%. Crude +1.7% to $44.80. Gold -1.2% to $1288.90.
Ten-year Treasury Yield +3 bps to 1.81%

Today’s Economic Calendar

8:30 Gallup US Consumer Spending Measure
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX
3:00 PM Consumer Credit

Market Summary

The S&P futures are trading at 2108 in morning trading.

U.S. futures and the dollar are posting big gains, along with shares across the globe, as bullish sentiment returned to Wall Street following the largest streak of losses on the S&P 500 since 1980. “Based on our review, we have not changed our conclusions that we expressed in July,” FBI Director James Comey said in a letter to Congress, Continue reading “DailyWatch1172016”