Market News

In what may sound like a cry for help, central banks across the globe are reaching out to their American counterparts to finally take the step of raising interest rates. Their message is clear: We are ready. Do it now.

The week ahead looks like it is going to be a very crucial and pivotal week, as we will get a lot of key U.S. data that is likely to determine whether or not the Federal Reserve will raise rates later in the month of September.

More surprises in the oil market as crude oil futures rose on Friday after rallying to their biggest one day rally in six years the day before.

At the close of trading on the New York Stock Exchange today, a key technical measure indicated that a bear market in stocks is almost mathematically certain to begin at the weekly close on Friday for the first time since August 2011. This occurred despite today’s highly positive close and very bullish finish.

Now that some calm has resumed among the global equity markets, the stampede toward safe haven currencies has reversed trend. As a result, the Japanese Yen suffered some losses versus the US Dollar.

Stock markets are never 100% predictable. But most analysts watching the global markets could not have foreseen the volatility that has occurred these past few days with colossal swings up and down that have left investors flummoxed as to where to turn.

The US Dollar gave back some of its recently made gains against the Euro and the Japanese Yen before regaining positive momentum.

China’s stock markets continue their roller coaster ride as shares turned upwards again Wednesday after plummeting 7.63 percent Monday near 9 percent to settle at an eight-month low of 2,965.1.

Exercising caution in a trading environment threatened by a struggling China, the US Dollar came up off of 7-month trough versus the Japanese Yen.

Is a global recession in the offing? All signs point to one as currencies around the world plummeted to record lows Monday and traders in the $5.3 trillion-a-day foreign-exchange market wonder just how the Chinese financial drama will unfold.

Shortly before the NYSE opened, the S&P 500 Index was expected to open more than 5% down from Friday’s close.

Safe haven currencies were the beneficiaries of investors growing fears, a result this time of the new evidence which shows that China’s economy continues to significantly slow.

The week started out with a bang and news out of Asia is not encouraging. Asian stocks slumped to 3-year lows on Monday as a slump in Chinese equities continued and world markets reacted.

I had expected last week that the market would be more volatile and it came to pass, with the market growing more convinced that the U.S. Federal Reserve will not implement a rate hike next September.

In a move that could either make him or break him, Greek Prime Minister Alexis Tsipras took a dramatic step Thursday by announcing that he would resign his position and hold early elections next month after being in office for less than one year.