Global equities set for their third straight day of gains.
European investors cut U.S. stock and bond holdings and allocations for European assets.
Also, after Sunday’s massive sell off and the correction this week, what will the Fed do next?
How trading indicators can help you gain an edge.
A worldwide sell-off in government bonds deepened, causing borrowing costs to rise and making lenders and markets uneasy.
Can U.S. equities maintain a bull market if the U.S. Dollar Index rallies through 100 and remains north of 100 for a significant period of time?
As widely expected, the European Central Bank opted to keep interest rates unchanged, with the refinancing rate (0.05%), deposit facility rate (-0.2%) & marginal lending rate (0.30%) all on hold in the wake of its April policy meeting. Despite the ho-hum decision, there were some unexpected fireworks (or more accurately, confetti) in ECB President Mario Draghi’s subsequent press conference.
All market activity and fundamental influences are still consistent with our previous analysis of continued equities’ firmness yet with govvies also now getting the bid back on weak economic data.
While global data remains weak, U.S. equities dragged up by European strength (quite a role reversal from 2014.)