Spain Loses A-rating

By / June 14, 2012

Market Comment Markets are mixed this morning; European and Asian equities are down while North American equity futures have gained 0.25%. Moody’s Downgrades Spain Yesterday’s big story was the announcement that Moody’s cut Spain’s sovereign credit rating 3 levels to Baa3, just one notch above junk status. The move drove yields in Spain sky high,… Read more

Europe Weighing on Risk Appetite

By / June 13, 2012

Market Comment Markets are trading lower today after gaining 1% yesterday. More negative developments out of Europe and fears of a slowdown in China are weighing on risk appetite. Expect a lot of volatility in markets through next week as Greece approaches their parliamentary vote, June 17. More Greek Uncertainty Rumours are swirling in Greece… Read more

Risk in Spain Remains

By / June 12, 2012

Market Comment Easing risk aversion has markets pointing to a positive open this morning; however, weak crude oil and global growth fears are weighing on the Canadian dollar rising further against the USD. The Loonie currently sits 0.5% stronger against the greenback since yesterday’s close. Yields on the Rise in Spain Markets are thumbing their… Read more

Rescue Plans for Spanish Banks

By / June 11, 2012

Market Comment Markets are enjoying a modest rebound to begin another week, continuing on Friday’s rally on news of European support to Spain. Spanish Rescue The Eurogroup has agreed to provide up to €100 billion in support to Spanish banks, which initially led the Euro over one-cent higher against both the USD and CAD. Spain… Read more

Fed Signals Further Easing

By / June 7, 2012

Market Comment

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