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The higher oil price and deteriorating risk dynamic is denting the European stock markets this morning and not doing the US futures much good either. The US stock markets were not open yesterday of course and so we walk back to the S+P 500 close on Friday and note that at 7,718.60, which was a 29.11 point loss on the day.
The opening call is lower this morning of course and has been as low as 7,682 a short while ago. So, barring anything significant news wise it looks like we are going to see this index kick off lower later this afternoon and we also remain concerned that a lower opening today may not be the end of the matter, but we shall have to see on that. The S+P 500 is currently priced to reopen around 7,685
As we write the USD/JPY has just extended a rebound back above the 154 handle and lifted towards 154.25. The simple reason for this further push...
Of all the reports we have seen lately regarding the state of the UK economy, there are very few that bring joy to the reader. So, it is rather a...
The higher oil price and deteriorating risk dynamic is denting the European stock markets this morning and not doing the US futures much good either...
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