Monthly Archives: August 2012

The MorningSnapshot- 08/28

Sentiment changes remain modest this morning, despite a downgrade of Japan’s economy by its own government, and a report out indicating Spanish GDP declined amid a myriad of austerity measures. The Euro Stoxx 50, S&P 500, and Nikkei 225 are all trading lower this morning. Sovereign debt yields to bunds in Europe are widening moderately, with Spanish 10yr spreads to bunds back over 500bps this morning; the bund is trading -1.4bps lower at 1.336%. In the commodity realm, energy is in the green with NYMEX WTI Crude up +0.78% to $96.21, while metals and ags are mostly modestly lower.

The MorningSnapshot- 08/27

Sentiment is mixed this morning after Chinese stocks tumbled as industrial companies’ profits slumped in July by the most this year, and German business confidence fell for a fourth straight month in August. Some measures of sentiment in Europe are slightly higher this morning after the German IFO survey prompted increased speculation of ECB easing. 10yr U.S. Treasuries are down -2.7bps to 1.659%, while German bunds are higher by +0.2bps; euro-area sovereign spreads to bunds are mixed but are mostly modestly higher.

The MorningSnapshot- 08/22

Equities were mixed yesterday, with European stocks finishing in the green, while the S&P 500 declined -0.35% and failed to remain above its four-year high; the euro climbed and is nearing a six-week high on optimism that leaders will make progress toward taming the debt crisis. Commodities officially entered a bull market led by a rally in grains amid the worst U.S. drought in a half century as the S&P GSCI index held above its May 3 high. 10yr U.S. Treasuries fell from a three-month high after a decline in stocks renewed investors’ appetite for the safe-haven of government securities.