Market News

With every passing day that the US China trade war is not resolved, it appears that Morgan Stanley's bearish equity strategist, Michael Wilson pay attention to the next chart: As Wilson notes, looking at the most recent disappointing macro data including poor durable good, capital spending and Markit PMIs, "recent data points suggest US earnings...

Euro zone economic sentiment was better than expected in May, rebounding after 10 consecutive monthly falls thanks to more optimism in the biggest sector, services, but also in industry and among consumers, European Commission data showed on Tuesday. The Commission’s economic sentiment indicator for the 19 countries sharing the euro rose to 105.1 in May...

U.S. President Donald Trump pressed Japanese Prime Minister Shinzo Abe on Monday to even out a trade imbalance with the United States and said he was happy with how things were going with North Korea despite its recent missile and rocket launches. Trump told a news conference with Abe after their summit that he wanted...

Trade tensions have roiled global markets this week with the MSCI All Country index up 0.2% on the day but in line for a more than 1% fall in its third week in the red, their longest losing streak since a rout in December. In overnight comments, Trump also labeled Chinese telecommunications giant Huawei Technologies...

Via Zerohedge, While there wasn't a specific event behind today's mauling of Turkey, which to many investors has become the canary in the emerging markets coalmine, the selling picked up after Turkey said soldiers had been dispatched for training in Russia ahead of the delivery of the S-400 missile-defense system. As Defense Minister Hulusi Akar...