European equities open slightly higher today
Eurostoxx +0.11% Germany DAX +0.21% France CAC 40 +0.13% UK FTSE -0.08% Spain IBEX +0.14% Italy FTSE MIB +0.01% Yesterday’s losses were eventually pared as markets recovered after some brief…
Read More »US MBA mortgage applications w.e. 31 October -1.9% vs +7.1% prior
Market index 332.3 vs 338.7 prior Purchase index 163.3 vs 164.3 prior Refinance index 1290.8 vs 1327.8 prior 30-year mortgage rate 6.31% vs 6.30% prior This is never a market…
Read More »Philadelphia Fed Business index for July +15.9 vs -1.0 expected
Prior month was -4.0 Details: New Orders 18.4 vs 2.3 last month Shipments 23.7 vs 8.3 last month Unfilled orders 5.7 vs 9.3 last month Delivery time -4.7 vs 13.6…
Read More »The S&P 500 is testing a key trendline in a make or break moment
It’s been a nice week for the S&P 500 as the market rallied by more than 7% on more de-escalation news. The underlying expectations continue to point towards further de-escalation…
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