Market Comment Markets are scorching higher this morning on positive developments from yesterday’s EU summit. Equities across the globe are up 2-4%, commodities are trading higher and the Canadian dollar has gained nearly two cents from yesterday’s low. EU Summit Asset prices are on the rise this morning following yesterday’s EU summit. EU leaders have [...]

Market Comment Markets are selling off this morning and traders are taking risk off the table following Germany’s denial of a report that the country would support shared liability (‘Eurobonds’) of sovereign EU debt. The Euro gained then lost 40 basis points on the news and subsequent denial. Spanish Bond Yields Above 7% Spanish 10-yr [...]

Market Comment Markets were fairly tame overnight, with no major news on the European front. However, conditions continue to deteriorate domestically in the US and the city of Stockton, CA appears to be the first victim. First US City Bankruptcy Imminent City managers in Stockton, California have announced that talks between the city and creditors [...]

Market Comment Markets are tame today following yesterday’s 1% selloff; commodities remain weak with Crude Oil still around $79/bbl and Gold is off 0.5% to $1,580/oz. Rising Spanish Borrowing Costs Spain’s precarious financial situation went from bad to worse in June. Borrowing costs tripled for the struggling European nation, with the 3-month yield rising to [...]

Market Comment Markets are falling off this morning following a slew of weak economic data from China, Canada and the US. As expected, the Fed moved yesterday to extend “Operation Twist”; however, markets were surprised when they did not move more aggressively to ease policy. Weak US Data The Philly Fed manufacturing index for June [...]