Here We Go Again…European Crisis Reignites

By / July 23, 2012

Market Comment Markets are deep in the red this morning as investors shed risk due to deepening woes in Europe. Pretty well everything but the US dollar is trading lower as risky assets plunge. European Short-Sale Ban Italian and Spanish regulators have put a moratorium on short-selling stocks, derivatives and over-the-counter products; the freeze could… Read more


By / July 12, 2012

Market Comment Markets are in the red across the globe this morning following the release of the FOMC meeting minutes that signaled stimulus is on the table, but only if economic data continues to worsen. Jobless Claims Beat Expectations US weekly unemployment claims beat expectations for the second straight week (350K vs. 376K), likely caused… Read more

Spain Plans More Austerity

By / July 11, 2012

Market Comment Markets are mixed this morning on a slew of news releases across the globe, both positive and negative. The Canadian dollar has regained 30 basis points vs. the USD while Crude Oil enjoys a 1.7% boost. Chinese Premier Wen Jiabao announced that investment growth with be the key to stabilizing China’s economic expansion…. Read more

Bailout Awaits German Top Court Ruling

By / July 10, 2012

Market Comment Markets are mixed this morning as investors await news out of Germany’s constitutional court whether progress will be halted on the European bailout mechanism. Crude oil is weaker while the Canadian dollar and North American equities are edging higher. Bailout Awaits German Top Court Ruling EU finance ministers have largely failed in talking… Read more

Quiet Morning on Minimal Newsflow

By / July 9, 2012

Market Comment Markets are relatively quiet this morning following Friday’s selloff. Commodities have found support while the Euro has is trading at a two-year low against the USD. More EU Meetings Euro zone finance ministers are meeting again today to discuss how to support EU banks. The Euro is back under pressure, trading lower against… Read more

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