The Q3 earnings season started this week, with some key U.S. companies reporting their latest figures. By the end of last week approximately 20% of the companies on the S&P 500 had reported results, so far, the news has been good.
The Eurodollar curve has spreads steepening with the pivot point of the curve moving out from June 2005 to September 2005. The market moved this pivot in when Janet Yellen suggested the Fed might start raising rates six months after the end of tapering.
T'was the last Energy Report before Christmas, and all through the pits, the rise in the oil market was giving traders a fit. Traders put on their positions with care, because with all of the fracking the supply would be there.
U.S. stocks rose, with benchmark gauges poised for a sixth weekly gain, as investors assessed data on factory production amid growing speculation the Federal Reserve will maintain the pace of its monthly bond buying.