Asian Markets Rally on European Finance Ministers Bailout
Asian markets begin the week off with a big bang Monday morning – Sunday evening in the U.S after the European Finance Ministers approved to provide Spain euros for a banking bailout.
Stocks
New Zealand Dollar Rebound Threatened by Dovish RBNZ
The New Zealand Dollar was the second best performer this week, finishing just 0.12 percent lower against the top performer, the Australian Dollar. The Kiwi crushed the safe haven currencies, the Japanese Yen and the US Dollar, appreciating by 3.72 percent and 2.05 percent, respectively. As Currency Strategist Ilya Spivak frequently notes, the New Zealand Dollar has a very tight correlation to the MSCI World Stock Index, so the commodity currency is at bay to global risk trends.
Breaking News – Mexico Rate Decision
Mexico Central Bank Rate Decision
Breaking News -Trade Deficit
Breaking News – U.S. Trade Deficit
Pre-Market Movers and Shakers
Companies on the Move Ahead of the open
Chairman Ben S. Bernanke Testimony Transcript
Chairman Ben S. Bernanke Economic Outlook and Policy Before the Joint Economic Committee, U.S. Congress, Washington, D.C.
Ahead of the Opening Bell
Futures are suggesting the markets could build on yesterday’s bounce. Futures are up ahead of the open with S&P fair value at +13.00 and NASDAQ fair value at +21.80.
Breaking News – England Rate Decision
Breaking News England Announces Rate Decision
Breaking News – China Rate Decision
Breaking News China and England Rate Decisions
Today’s Key Economic Data
Today the economic calendar is jammed packed with key market moving data, that will have traders watching closely.
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