Overnight Sentiment: "No Horrible News Out Of Europe Is Great News"
As already noted, one piece of good news out of Europe - German GDP (ignore the huge ZEW miss) - was enough to make everyone forget the Italian bank downgrade, and that Greece is one election away from unwinding the EMU. Yet perhaps it is good to have a modest bounce from a market, which however not even Goldman says is oversold: after all the central planners need a day or two to regroup, and consider what currency to crush next to buy the... full story
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UBS 'Blase Barometer' Finds An Always Over-Excited US Investor
The last decade has seen significant changes in media and communication. In a world where there is an ever louder cacophony of news sources competing for our attention, any one particular story has to be communicated at a particularly high volume if it is to attract notice. UBS' Paul Donovan warns that this perhaps gives a tendency to sensationalism. For financial markets,...
zerohedge.com (1 month and 1 day ago)
Some Great Bad News
Good news is bad news, and bad news is good news. . . It’s getting kinda hard to keep track of it all. Also, Dan Epstein from Cause for Action joined John to talk about Obama’s most recent nominee for Labor Secretary.
townhall.com (2 days ago)
"Better Than Expected" European Data Sends Implied Dow Jones Open To All Time High
If Friday and yesterday it was Europe's reporting of ugly and below expectation economic data that pushed US stock futures ultimately higher, today it will be Europe's modest economic data beats that will send futures, where else, higher, and result in the Dow Jones breaking its nominal all time highs at the open or shortly thereafter. Following the Chinese economic update...
zerohedge.com (2 months and 16 days ago)
Investors struggle to get past Europe's woes
Bad news out of Europe and good news from the U.S. have tossed the stock market around over the past week.
oregonlive.com (1 month and 21 days ago)
Overnight Sentiment: Gold Rout Halted For Now
Yes, there was economic news overnight, such as a Eurozone and UK CPI, both of which came in line with expectations (1.7% and 0.4% respectively), and a German ZEW which confirmed Europe's accelerating deterioration, tumbling from 48.5 to 36.3, far below expectations of a 41.0 print (somehow the huge miss has managed to push the EURUSD up by 60 pips to an overnight high of...
zerohedge.com (1 month and 2 days ago)
Shares rally on Chinese trade figures
Share markets in the United States and Europe have seen some strong gains overnight, with economic data from China boosting sentiment.
abc.net.au (1 month and 7 days ago)
Horrible News Is Great News, Lifting Stocks To Just Shy Of All Time Highs
As we tweeted somewhat prophetically this morning when futures were still modestly red: If sliding Chinese and German PMI data don't send the S&P to new all time highs, nothing will — zerohedge (@zerohedge) April 23, 2013 And sure enough, equities close at the highs of the day (up over 1.5% from the overnight lows) and back near all-time highs once again. Ignoring the...
zerohedge.com (25 days ago)
Good prices and strong equity markets help improve IPO sentiment in the UK
Sensible prices have helped the initial public offering market in the UK to become the leading region in Europe, according to a Financial News survey last week
efinancialnews.com (1 month and 10 days ago)
Ticketmaster (Finally) Screws Over Scalpers With New Digital Ticket Transfers
There was good news, bad news, and potentially great news yesterday coming from a brand best known for its convenience fees and general inconvenience: Ticketmaster.First, the good news. As
spin.com (3 months and 4 days ago)
The NRA to promote Great American Outdoor Show: Good news for some, bad news for others
Gun enthusiasts and gun control advocates clash over news that the National Rifle Association will sponsor the Great American Outdoor Show.
pennlive.com (1 month and 1 day ago)
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