Posted by John Shipman
on November 11, 2010
Dollar,
Dow Jones Industrials,
europe,
G20,
Markets,
Sovereign Debt,
Stocks /
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Investors are focused on a couple key influences this morning, namely the G-20 meeting, and Cisco’s weaker-than-expected outlook.
Hope is that cooperation at the G-20 gathering in Seoul can overcome any discord related to currencies, Fed’s QE2 and global trade. As for Cisco, its weaker outlook will weigh on the tech sector, and based on premarket decline, CSCO alone will be a roughly 31-point drag on the DJIA.
US bond market closed in observance of Veterans Day, no data on the calendar. Disney reports quarterly results after the close. Dollar’s stronger, USD index recently up 0.4%; euro strains to hold $1.37 level. S&P futures down 7.60.
Tags: Euro, G-20 Meeting, Stocks, US Dollar
Posted by John Shipman
on November 09, 2009
Economy,
G20,
Markets,
S&P 500 /
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Tight inverse correlation between movements in the US dollar and various other asset classes seems to be back on again after loosening up a bit last week. G-20 meeting signals no let-up in central banks’ efforts to stimulate the global economy.
US dollar index is getting hammered, and in turn oil, gold and US stock futures are all seeing strong bids. Dollar index down almost 1%.
Light week for economic data, and nothing notable before Thursday’s weekly jobless claims. Friday brings Oct import prices, Sept trade deficit and an early Nov look at consumer sentiment. Bond market’s closed Wednesday in observance of Veterans’ Day.
S&P futures up 10; Dow futures up 90; 10-yr isn’t getting pushed around much, down a little, yield at 3.51%.
Tags: Dollar, G-20 Meeting, John Shipman, Stocks
