Global Markets are in the red this morning with the U.S. stock futures indexes off a half percentage point as weak Chinese trade data rekindled fears about the health of the global economy. European markets are lower with shares in Germany leading the slide with the DAX down 1.34% while France's CAC 40 is off 1.26% and London's FTSE 100 is lower by 0.96%.
US markets are expected to open lower with investors sitting on wallets awaiting 3rd. Quarter corporate earnings reports.
Here is the current market situation from CNN Money
European markets are broadly lower today with shares in Germany off the most. The DAX is down 1.58% while France's CAC 40 is off 1.40% and London's FTSE 100 is lower by 0.91%.
China's trade slump has extended into September, adding more evidence that the world's second largest economy is stalling.
After erasing last week's big gains through yesterday's 5.3% drop, oil prices now have even less to look forward to: the Iran nuclear deal. Tehran's parliament passed a bill this morning supporting the nuclear accord reached with six world powers, removing a major obstacle to putting the agreement into practice. Should sanctions be lifted, Iran would double its oil exports to 2.3M barrels a day, multiplying tensions in the world's sensitive oil markets. Crude futures -0.5% to $46.86/bbl.
Russia's economy could shrink 3.8% this year on the back of lower oil prices and international sanctions say Russian economists.
BEIJING/SHANGHAI (Reuters) - China's exports fell less than expected in September, with monthly figures showing recovery, but a sharper fall in imports left economists divided over whether the country's ailing trade sector is showing signs of turning around.
LONDON (Reuters) - World share prices fell on Tuesday, snapping their longest winning streak since February after Chinese trade data gave a further sign the world's economic growth engine is sputtering and a big fall in oil prices triggered profit-taking.
As Asia opened last night, gold and silver came under pressure (ahead of China's biggest Yuan strengthening since November 2014). As US re-awakens from Columbus Day vacation, it appears demand is back (and in heavy volume) for precious metals...
Submitted by Lance Roberts via STA Wealth Management,
When I was growing up my father, probably much like yours, had pearls of wisdom that he would drop along the way. It wasn't until much later in life that I learned that such knowledge did not come from books, but through experience. One of my favorite pieces of "wisdom" was:
"Exactly how many warnings do need before you figure out that something bad is about to happen?"
Of course, back then, he was mostly referring to warnings he issued to me "not" to do something I was determined to do such as jumping off the roof with a bedsheet convinced it was a parachute. After I had broken my wrist, I understood what he meant.
Over the weekend, those warnings came to mind as the recent bounce in the financial markets once again has individuals scrambling to grab "bedsheets" to jump off the roof once again. Of course, much of their behavior is driven by mainstream commentary suggesting that the recent market rout is over.
However, there are currently plenty of warning signs that suggest that individuals might want to reconsider the risks before taking that leap. Here are four warnings to consider.
Warning 1: Profit Margins
Edward Harrison at Credit Writedowns picked up on the issue of declining profit margins that I addressed last week.
The National Federation of Independent Business's (NFIB) optimism index improved 0.2 to 96.1 - and still not above the 42 year average of 98.. The market was expecting the index between 94.8 to 96.5 with consensus at 95.8.
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