After 6 consecutive declines in the Dow Jones, the longest stretch since March 2017, and erasing all of 2018’s gains, the cash index is finally set for a rebound, trading some 130 points higher as the trade war panic fades, for now.
"We regret having to turn away Senator Merkley at our Casa Padre shelter. The U.S. Office of Refugee Resettlement (ORR) prohibits any facility from allowing visits that have not been approved by them, even if it is a U.S. Senator."
European stocks and U.S. futures blasted off higher early in the session following yesterday's euphoric, meltup close to US trading, but have since pared their gains as dark clouds gather over the G-7 meeting in Toronto and a growing number of emerging markets.
"What the ECB is trying to say is hey, "this is our party, and you're welcome to it, but if you're going to leave it's not going to be easy for you." The ECB is trying to show Italy a future without the ECB as backstop."
With European stocks tumbling (again), Italian bond yields spiking (again), and redenomination risks surging (again), US investors have decided now is the time to dump protection to its lowest level since January...
Global stocks, US equity futures and Treasury yields extended gains while the dollar slumped as "risk-on" sentiment returned after the U.S. and China exchanged trade proposals meant to avoid an escalation of economic tensions.