The Swiss National Bank, which had previously worked tirelessly to suppress the value of its currency, the Swiss franc, decided to end the effort. The franc immediately soared 30% vs. the euro, and the Swiss stock market crashed 10%. This has many ramifications – I’m sure I’ll miss several – so let’s go through them […]
Before the Open (Jan 15)
Good morning. Happy Thursday. The Asian/Pacific markets closed with a lean to the upside. China rallied 3.5%, followed by India (up 2.7%), Japan (up 1.9%) and Hong Kong (up 1%). Europe currently leans to the upside, but Switzerland is down a whopping 9%. Prague is down 1.3%, and Greece is down 0.7%. Germany, France, Italy, […]
Before the Open (Jan 14)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mostly down. Japan and Indonesia dropped more than 1%; Australia and Taiwan also dropped notably. Europe is currently mostly down. London is down 2.3%, followed by Austria, Norway, Stockholm and Greece, which are down more than 1%, and Amsterdam, Spain, Italy, Germany and France, which are down […]
Before the Open (Jan 13)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed. Hong Kong, Malaysia, Taiwan, Indonesia and New Zealand did well; India and Japan lagged. Europe is currently mostly up. Greece is up 2.1%; Italy, Spain, Germany, France, Russia and Switzerland are up 1% or more. Futures here in the States point towards a moderate gap up […]
Before the Open (Jan 12)
Good morning. Happy Monday. Hope you had great weekend. The Asian/Pacific markets closed mixed. China dropped 1.75%, followed by Australia (down 0.75%), Indonesia (down 0.55%) and Taiwan (down 0.4%). Hong Kong, India and New Zealand each rallied 0.45%. Europe is currently mostly up. Greece is up 3.1%, followed by Germany and France (up 1.2% each) […]
Before the Open (Jan 9)
Good morning. Happy Friday. Happy Employment Numbers Day. The Asian/Pacific markets closed mostly up. Australia, India and South Korea did well; Taiwan, China and Singapore posted small losses. Europe currently leans to the downside. Spain and Russia are down more than 2%, Italy more than 1%, Amsterdam, Austria, London, France and Germany are down noteably. […]
Before the Open (Jan 8)
Good morning. Happy Thursday. The Asian/Pacific markets closed up across the board (except for China which dropped 2.4%). Japan, Singapore, India, Malaysia, South Korea and Taiwan rallied more than 1%. Europe is currently mostly up. Russia is up 5.2%; France, Italy and Spain are up more than 2%; London, Germany, Prague, Switzerland, Stockholm, Norway, Amsterdam […]
Before the Open (Jan 7)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mixed. Hong Kong, China, Singapore and Indonesia moved up; Malaysia and India moved down. Europe currently leans to the upside. Russia is up 3.1%; London, Germany, France, Spain and Amsterdam are up more than 1%. Stockholm and Greece are down more than 1%. Futures here in the […]
Before the Open (Jan 6)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mostly down. Japan and India dropped more than 3%, Taiwan more than 2% and Australia, Indonesia, Malaysia, South Korea, Singapore and Hong Kong more than 1%. Europe is currently mixed. Russia is leading (up 2%), followed by Italy (up 1.1%) and Germany (up 0.76%). Belgium is down […]
Before the Open (Jan 5)
Good morning. Happy Monday. Hope you had a great weekend. The Asian/Pacific markets closed mostly down. China rallied another 3.6%, but Singapore dropped 1.3%, and Hong Kong, Malaysia and South Korea also dropped noticeably. Europe is currently mostly down. Russia is up 2.6%, but Greece is down 4.5% and Spain, Italy, Austria and Norway are […]