Despite an attempt to showcase its resiliency of late, the uncertainty surrounding Greece's future as a eurozone member and disappointing data out of the eurozone was too heavy a weight for the bulls and US equities were solidly lower. With the domestic economic calendar void of any releases that could sway sentiment, Treasuries moved higher amid the weakness in stocks. Meanwhile, equity news was sparse, with Yahoo! announcing that CEO Scott Thompson has resigned amid questionable inconsistencies on his resume, Avon Products said that it will look over Coty's sweetened $10.7 billion … [Read more...]

The recent downward momentum for the equity markets in continuing in early action to begin a new week, with eurozone economic and political uneasiness applying the pressure on US stocks. Treasuries are rallying amid the solid declines for the equity markets, with no major domestic economic reports scheduled for release today. US equity news is light, with shares of Yahoo Inc moving higher after its CEO Scott Thompson resigned amid discrepancies pertaining to his resume. Meanwhile, the European equity markets are seeing broad-based selling pressure as festering political uncertainty in the … [Read more...]

U.S. equities finished a week dominated by European issues on another down day, but in a break from the trend, today's losses came courtesy of the world's other two largest economies. China released a plethora of disappointing data today, accentuated by industrial production expanding at its slowest pace since 2009. Back in the U.S., JP Morgan Chase disclosed a $2 billon trading loss on a failed hedging strategy. The trading gaffe and Chinese data were enough to offset a surprising increase in consumer confidence. Treasuries were higher and gains were reinforced by a reading from the Producer … [Read more...]

  After a plethora of disappointing economic data out of China and the disclosure of a trading mishap from JPMorgan Chase, US equities are lower in early action. The monthly barrage of Chinese data reignited worries of a hard landing for the Asian nation, which has been a key driver to the global economic recovery. Treasuries are higher amid the negativity swirling in the markets and following a report on wholesale prices in the US that were slightly lower than expected at the headline level, while a read on consumer sentiment is set for release after the markets open. In other … [Read more...]