NEW YORK (Reuters) - Elections in Greece and France over the weekend have ushered in a new period of uncertainty for financial markets that could stand in the way of the easy-money rally that boosted stocks at the start of the year.
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Buying Into Fear And Uncertainty Has Proven To Be A Winning Strategy (Manning & Napier)
BRUSSELS/FRANKFURT — The European Central Bank is ready to ease policy in March if the recent financial market turmoil or the long-term impact of low energy prices threatens to keep inflation persistently low, its president Mario Draghi said on Monday.
“First, we will examine the strength of the pass-through of low imported inflation to domestic wage and price formation and to inflation expectations,” Draghi told the European Parliament’s Economic and Monetary Affairs Committee.
Canadian stocks fluctuated, after a three-day slide, as global markets retreated on rising anxiety the U.K. will vote to exit the European Union. The nation’s gold producers advanced as prices jumped to a one-month high amid the volatility.
The S&P/TSX Composite Index rose 0.1 per cent to 14,052.30 at 10:06 a.m. in Toronto. The index lost 2.3 per cent in the past three sessions. Trading volume today was about 27 per cent above the 30-day average at this time of day.
The official talk around the G7 statement and the G20 meeting generated a great deal of needless noise in the foreign exchange room. It is almost like a librarian yelling "Quiet". It may be more disruptive than the initial noise. With the meetings out of the way, we expect the official jawboning about the currency market to die down. Of course, there is a chronic low level murmur of economic commentary that may have broad implications for foreign exchange rates.
London (AFP) - Fresh Chinese stimulus sparked a global stocks rally Wednesday in markets that had been coloured red by fears of a slowdown in the world's second-largest economy, with Tokyo surging almost 8 percent.
Ed. Note: The following excerpt was broadcast on April 3rd, 2015 via the Strategic Intelligence Report (SIR). Forty-seven weeks per year, the SIR offers money-making trading ideas, long and short, in easy-to-digest PDF format, along with a “macro view” and “tactical view” analysis of current market events (combining fundamentals, sentiment and price action).