Weakness Across All Equity Markets, Nikkei Hits 15-Month Low
Tue, Aug 31, 8:56 AM ET, by Betty L. - Freshman Equities Trader, Hedge Fund Live
August-31-2010 Morning Notes - S&P futures down about 8 handles from FV this morning - Weakness in overseas mkts as well - In particular, Nikkei dropped sharply, -3.6%, following yesterday's expanded credit easing measures set forth by the BOJ in response to yen's strength - Yen is pushing back higher towards its 15-yr highs - Nikkei hit a 15-month low today - European mkts down as well - German Bund yields are down to record lows in the o/n session - Germany's unemployment rate was out this morning: remained unch'd m/m at 7.6% - UK Consumer Confidence better than expected: -18, prior month: -22 - Eurozone CPI: 1.6%; prior month: 1.7% - Eurozone's unemployment rate: unch'd m/m at 10% - Economic data releases out today: Case Shiller Home Price Index at 9a, Chicago PMI at 9:45a, Consumer Confidence at 10a Visit HedgeFundLIVE.com.
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