Shorts Smoked - Stocks End 'High' As Dollar Dumps'n'Pumps
Despite tumbling soft data and disappointing earnings data...
Stocks soared most in 6 weeks...
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Europe
In "Apparent Sign Of Support" Obama Has Phone Call With Macron Days Ahead Of Election
In what Reuters has said was "an apparent sign of support just three days before the first round of an uncertain presidential election", French presidential candidate Emmanuel Macron - and the market-friendly candidate preferred by Europe's establishment - spoke with former U.S. president Barack Obama on the phone on Thursday.
Crispin Odey: "It Feels Lonely Being Bearish"
In Crispin Odey's latest letter to investors, the billionaire hedge fund manager laments "how quickly everything has changed", notes that "without the reflation fireworks, equity markets feel vulnerable", and concludes that while a year ago it was easy to be bearish - China was slowing, world trade was creaking, Europe was not recovering and the oil price was hitting new lows - "a year later to be bearish feels lonely, despite the fact that the reflationary story of the past year looks difficult to sustain and auto loan lending has joined a long list of risks along with Trump and Br
Europe breaking support, spill over into the states?
How stocks do in Europe, can have an important impact on stocks in the states. Today we look at the patterns in London and Germany, as recent price action could “spill over” into stocks in the states.
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Europe And S&P Futures Higher, Dollar Drops As OPEC Talks Oil Up
European stocks rose amid earnings beats, offsetting weakness in the energy sector and easing investor concerns ahead of the weekend’s French election. Asian shares and U.S. futures also rise. The dollar weakens against the euro and most crosses, while crude oil rebounds following renewed OPEC chatter of a production cut, this time with Saudi Arabia seemingly onboard.