Asian index futures indicate a weak start on tap as the
cascading global selloff continues. Dollar/yen 118.56. Euro 1.1869. The Aussie
dollar is 0.8069 at multi-year lows. WTIC oil 48.04. Brent oil 51.09. Copper
2.77. Japan 10-year yield 0.295%. US 10-year yield 1.94%. US futures are
higher. S&P +6. Dow +42. Nasdaq +9. Asian trading is choppy sideways
finishing generally up across the board except for Australia marginally lower.
The NIKK ends the session
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
Fed’s Evans, an uber dove part of the Bernanke-Yellen-Evans Keynesian triumphant, says the Federal Reserve should not be in a hurry to raise rates. Evans wants to see higher inflation before any rate hike occurs and says it would be a “catastrophe” if rates move higher too soon. The comments are no surprise but traders feed off the ECB and Fed dovishness and the S&P futures pop over 10 handles. The central bankers are the market.
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
Fed’s Evans, an uber dove part of the Bernanke-Yellen-Evans Keynesian triumphant, says the Federal Reserve should not be in a hurry to raise rates. Evans wants to see higher inflation before any rate hike occurs and says it would be a “catastrophe” if rates move higher too soon. The comments are no surprise but traders feed off the ECB and Fed dovishness and the S&P futures pop over 10 handles. The central bankers are the market.
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