Market Comment: February 17

By / February 17, 2012

Good morning, Markets are trading higher this morning after rising 1% yesterday as European leaders announced their optimism that a Greek bailout deal will be reached on Monday.  Equity markets across the globe are being led by Financials. With that said, Credit Suisse is not falling for the bait and is choosing to ignore the… Read more

Market Comment: February 16

By / February 16, 2012

Good morning, Concerns over Greece are weighing down markets today; equities, commodities and commodity currencies are down across the board as the USD trades higher on risk aversion. Moody’s has warned that they are preparing to downgrade 17 major banks across the globe, citing “more fragile funding conditions, wider credit spreads, increased regulatory burdens and… Read more

Market Comment: February 15

By / February 15, 2012

Good morning, Markets are ‘risk-on’ this morning following the announcement that China will come to Europe’s aid and buy into the emergency bailout fund.  It is in China’s best interest to support Europe, since they are China’s biggest customers; plus, it does not hurt when you have the world’s largest foreign exchange reserves. The Euro… Read more

Market Comment: February 14

By / February 14, 2012

Good morning, Markets are soft this morning following mixed economic data; meanwhile, Moody’s is playing catch-up to Standard & Poor’s by downgrading the sovereign credit rating of Italy, Spain,  and Portugal while putting England, France and Austria on a negative outlook. German economic sentiment rose unexpectedly to the highest level in 10 months, 5.4 from… Read more

Market Comment: February 13

By / February 13, 2012

Good morning, Although just on Friday Greek opposition had disapproved the proposed austerity package, the deal was struck over the weekend and risk appetite is on the rise.  The Loonie has regained 30 basis points against the USD.  All eyes will be on a meeting of EU finance ministers on Wednesday that will vote on… Read more

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