Month: June 2012

Positive Developments at EU Summit

Positive Developments at EU Summit

Market Comment Markets are scorching higher this morning on positive developments from yesterday’s EU summit. Equities across the globe are up 2-4%, commodities are trading higher and the Canadian dollar ...
Spanish Cost of Debt Back Above 7%

Spanish Cost of Debt Back Above 7%

Market Comment Markets are selling off this morning and traders are taking risk off the table following Germany’s denial of a report that the country would support shared liability (‘Eurobonds’) ...
First US City Bankruptcy Imminent

First US City Bankruptcy Imminent

Market Comment Markets were fairly tame overnight, with no major news on the European front. However, conditions continue to deteriorate domestically in the US and the city of Stockton, CA ...
Ongoing Weakness in Europe

Ongoing Weakness in Europe

Market Comment Markets are tame today following yesterday’s 1% selloff; commodities remain weak with Crude Oil still around $79/bbl and Gold is off 0.5% to $1,580/oz. Rising Spanish Borrowing Costs ...