Monthly Archives: April 2012

The MorningSnapshot- 04/20

Sentiment is up this morning after German business confidence numbers beat economist forecasts and earnings in the U.S. have been stronger than expected. The euro is strengthening for a second day, up 0.4% to $1.3186, while European stocks are also gaining as reflected in the Euro Stoxx 50 which is up +1.22% on the day. Futures on the S&P 500 are up +0.395% and commodities are being led higher by crude oil up +0.7% to $118.8 per barrel (Brent crude). The U.S. 10yr Treasury has advanced +1.4bps to 1.981% overnight and the dollar is falling against the majority of its counterparts. Sovereign debt yields in Europe are mostly higher, Spanish and Italian 10yr bonds are both up around +3bps and are trading at 5.897% and 5.623% respectively.

The MorningSnapshot- 04/19

Sentiment is higher this morning before the U.S. jobs report is released at 8:30 EST, and after France and Spain successfully auctioned a combined €13.05B euros of debt. Futures are climbing this morning, with the S&P up +0.369% following yesterdays retreat, and in Europe most equity indices are modestly higher as reflected by the Euro Stoxx 50, which is up slightly at +0.2%. Commodities are mostly in the green after paring some early losses, and the yen and dollar are weaker in a risk-on trade; the euro is at $1.3112.

The MorningSnapshot- 04/18

Sentiment is souring on the morning with S&P futures down -0.469% and the Euro Stoxx 50 down -1.34%; Asian equities soared higher with the Nikkei up +2.14% on the day. Equities closed solidly higher yesterday after the IMF raised its global growth forecast for the first time in over a year. Then yen is trading down versus its peers for a second day in a row, and the euro is down -0.37% at $1.3078 after BOE policy makers said inflation may come in higher than forecast. Spanish bonds are rising for a second day in a row amid optimism the nation will succeed with an auction of two and 10-year debt securities tomorrow, after raising more than its maximum target at a bill auction yesterday.