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US stock futures point to a lower open Wednesday, with the S&P off about 9 handles. Investors continue to cast a watchful eye over European bond markets, which have seen borrowing costs rise sharply over the past month. European markets gave back early gains today after the Bank of England came out with its Read more…
US stock futures are headed for a sharply lower open Wednesday as Italian borrowing costs spiral out of control. S&P futures are 30 handles lower this morning as the Italian 10-year bond yield surged above 7%, a dangerously high and unsustainable level. The spike has rekindled fears that the Read more…
US stock futures point to a higher open Tuesday ahead of a key test for Italian Prime Minister Silvio Berlusconi. A mid-afternoon budget vote is being categorized as a test of Berlusconi’s credibility, and a failure of that vote would likely lead to a confidence vote. Italian bonds have surged to Read more…
US stock futures are flat Wednesday morning after a big day for bulls yesterday to finish off a weak month of May. Yesterday marked a break out of the May descending channel, and was definitive enough for IBD to put us back in a confirmed uptrend. Usually by the time they give a rally that distinction, we are a bit overbought, so a small consolidation here would make some sense. During such a Read more…
US stock futures now point to a basically flat open after giving back small overnight gains. The indices have been heavy over the past couple weeks, and our initial targets for the S&P have been reached down at the 50-day moving average. Some long stops were triggered as we reversed down through and Read more…
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