Quiet Fundamentals, Ongoing Uncertainty in Europe

By / May 29, 2012

Market Comment Markets were quiet overnight and into the opening bell as France, Germany and the US return from their respective holidays. The Canadian dollar is trading a mere 25 basis points stronger against the USD. Were Greece to have an election tomorrow, the pro-Euro New Democrats would win by a small margin, according to… Read more

Catalonia Joins the Fray

By / May 25, 2012

Market Comment The Canadian dollar is again trading at its weakest level for 2012 against the USD as European risks and the need for more than a temporary solution weigh markets. The Euro is trading at the weakest level in years against both the USD and CAD, save for one small spike last week. Hat… Read more

European Contagion

By / May 24, 2012

Market Comment Markets have gained slightly overnight as investors seem content to continue the yo-yo action we have had as of late. Equity futures are positive while Crude and Gold have regained 1.5%; the Loonie has risen by 25 basis points against the USD. EU Challenges Actions in Europe are beginning to take more of… Read more

Risk Aversion Continues

By / May 23, 2012

Market Comment Markets are ‘risk-off’ today with commodities and equities in the red across the globe as confidence in Europe continues to dwindle. Weak Japanese Trade Data Exports in Japan grew far less than expected in April, 7.9% vs. 11.8%, as strong demand from the US was offset by a slowdown in China and Europe…. Read more

Japanese Credit Downgrade

By / May 22, 2012

Market Comment Equity markets across the globe rose substantially yesterday following the announcement that China will fast-track approval for infrastructure investments to fight sluggish growth. Major market equity indices gained anywhere from 1-3% yesterday on the news. Unfortunately, things will likely turn around today as headlines are littered with bad news. Japanese Downgrae Fitch has… Read more

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