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US stocks not quite so ebullient on the opening-check out the S+P 500 now
The US stock markets have now been open for around 20 minutes and it was generally a higher opening, but perhaps not quite as ebullient as the reaction across the US futures would suggest it might be immediately after the US CPI report. The dollar has seen some rapid price action, especially in the USD/JPY. Following the previous update, the USD/JPY slumped to a new session low at 157.44, but is has now rebounded from there. The price action is rapid at times still and that is something to consider. The S+P 500, which looked like it might reopen above 5,650 has not quite lived up to the futures billing and it is the same for the Nasdaq 100 too. There is an argument to say; that this lower CPI reading was irrelevant to the tech sector and arguably priced into the S+P 500 anyway? The index is just now trading at 5,635
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EUR/USD lifting off the lows as the final 4pm London fix of the month passes
It has been quite a messy afternoon across the major FX markets. That has seen a good deal of cross price action, especially in the EUR/GBP. At one...
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Dow Jones slides more than 600 points as White House tries to spin the positive
As expected the US stock markets slid into the opening and that has seen more than 2% falls for the Nasdaq 100 and the S+P 500. Meantime, the Dow...
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Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
