Monthly Archives: June 2012

The MorningSnapshot- 06/07

Sentiment is higher around the globe today after amid speculation of more stimulus coming out of the Fed after Yellen and Lockhart spoke more about another round of easing. I’m keeping the commentary extremely brief today, as there is a lot of important news below.

The MorningSnapshot- 06/06

Sentiment is gaining some positive momentum this morning, with stocks, yields, and risk currencies all higher after the ECB meeting and the G-7 solidarity to address the EU debt crisis. Sentiment is higher despite a fall in Greek tax receipts and disappointing German and Spanish industrial production figures. S&P 500 futures are trading +0.86% higher this morning, the Euro Stoxx 50 is up a drastic +1.9%, and equity indices in Asia closed much higher on the day. 10yr Treasuries in the U.S. are +1.7bps higher to 1.591% and the USD is declining versus its most relevant peers.

The MorningSnapshot- 06/05

Sentiment is lower this morning after euro-zone retail sales disappoint ahead of an emergency G-7 meeting among finance ministers, and after Spain requested more EU support for its ailing banking system. The euro is underperforming versus the majority of its peers, and the USD and JPY are strengthening on the day in a classic risk-off trade, as commodities are trading lower, consistent with the declines in the USD. U.S. equity futures are mixed this morning, and Treasury yields are modestly lower.