Market Comment: April 16

By / April 16, 2012

Good morning, Markets are mixed this morning as the future of Spain (and thanks to contagion, Italy and France) is leaving traders tentative.  Spanish 10-year yields are back above the ever important 6% level; it is widely believed that a 6% yield is the separation between sustainable and unsustainable.  Do not be surprised to see… Read more

Market Comment: April 13

By / April 13, 2012

Good morning, Stock market futures are down 0.5% following a much weaker than expected Chinese Q1 GDP.  The world’s second largest economy grew by 8.1%, well below the expected 8.4% and the lowest growth rate in three-years.  Investors are now playing the waiting game to see if the Chinese central bank will announce any plans… Read more

Market Comment: April 12

By / April 12, 2012

Good morning, The Canadian dollar is regaining some of its losses from the beginning of the week as investors hesitantly add risk following a successful Italian bond auction and a Fed speech that left the door wide open for further easing. Italy was able to sell €2.9 billion in 3-year bonds, nearly reaching their maximum… Read more

Market Comment: April 11

By / April 11, 2012

Good morning, After falling over nearly 1.75% yesterday, markets are rebounding following a successful bond auction in Italy, positive earnings out of aluminum giant Alcoa, and the expectation that the ECB will resume purchases of European sovereign debt. Italy was able to successfully place $11bln in bonds this morning – yields on one-year debt doubled… Read more

Market Comment: April 10

By / April 10, 2012

Good morning, Risk aversion continues as the prominent theme, causing markets to soften further from yesterday’s 1% selloff.  The US Dollar has gained 30 basis points vs. the Loonie overnight as investors shed risk; however, has failed to break through the recent trading range. Ongoing fears regarding Spain’s ability to navigate their debt issues are… Read more

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