Written by Gary
Markets closed lower today, DOW off 200 points, oils fall to morning lows and the U.S. Dollar trades sideways just below its morning highs. Market analysts are talking more regarding a severe correction looming ahead, while investors are more concerned about the Iran nuclear deal deadline tonight. Oil has pushed modestly higher on the news but remains driven more by the headlines from Switzerland.
Although U.S. stocks declined today in a retreat from the previous session"s sharp rally, major indexes remained on track for first-quarter gains and the S&P 500 was set for its ninth straight quarterly rise. As the U.S. runs low on space for oil storage, production growth is expected to slow. That could bring some much-needed support for prices after a nine-month slide.
By 4 pm the averages were severely off yesterdays nice rise giving hope to the bulls that everything was going to be O.K., not so today.
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Infographic Of The Day: Airplane Safety Equipment – A View From The Top
Look up! Right now there are approximately 5,000 planes in the air over the United States.
FOREX NEWS by DailyForex
Confidence in the euro zoneâ€™s economy rose for a fourth straight month in March to its highest since July 2011, a European Commission survey showed on Monday, suggesting the weak euro and lower oil prices are spurring the recovery.
It is always easy to be wise after the event. Bank regulators should have been more wary of the risks to the banking sector through dubious loans issued to sub-prime lenders and the folly of â€śsecuritisingâ€ť such loans in blocks and believing that that would make an investment grade product.
In spite of the recent Federal Reserve policy decision which was surprisingly and decidedly dovish, the head of the US central bank, Janet Yellen, confirmed over the weekend that the Fed could begin gradually raising interest rates later in the year.
Economists and investors are anxious about the March U.S. labor market report due out in the next week which could be the deciding factor in when the Federal Reserve will spring its first interest rate hike.
Last week saw the final trading session for the week, the month and the quarter from the perspective of these summaries. Get the analysis for March 30, 2015 here.
31Mar2015 Market Update: Markets Remain Down Oil Trend Fractionally Higher, Iran Still On Minds Of Investors
by Pepe Escobar
Appeared previously at Doomstead Diner 23 March 2015
Way beyond an Iran nuclear deal, and way beyond the end of a nasty economic siege that"s been in place for 35 years since the Islamic Revolution, the coming Western embrace means above all that Iran is now ready to crash the chessboard I call Pipelineistan.
Written by Gary
Markets made a feeble attempt earlier to rise above the morning lows only to start trending down again. Oil has trended upwards fractionally and the U.S. Dollar is trending sideways just off its morning high.
By 12:30 pm the afternoon equities are trading on low volume and most likely will trade somewhat lower by the end of the session as investors are concerned about the Iran deal.
31Mar2015 Pre-Market Commentary: Iran Deal Concerning Investors As Greece Lenders Fail To Reach Deal
30Mar2015 Market Close: Relative Quiet Day On Wall Street, Oil Experiences Volatility, U.S. Dollar S
Written by Doug Short and Steven Hansen
The Conference Board Consumer Confidence Index improved moderately after its decrease last month. The market expected this index to come in at 93.0 to 98.2 (consensus 95.5) versus the 101.3 reported.