Stocks and Dollars

Sentiment remains decidedly bearish. The S&P500 opened on key support at 1040-42 and whipped around in a tight 10pt range for much of the day before a late lurch lower saw it fi nish down 0.8%. Sentiment was given a lift in early dealings by a smaller than expected uptake

Sentiment remains decidedly bearish. The S&P500 opened on key support at 1040-42 and whipped around in a tight 10pt range for much of the day before a late lurch lower saw it fi nish down 0.8%. Sentiment was given a lift in early dealings by a smaller than expected uptake

The dollar traded mostly higher on Wednesday after Moody’s Investors Service Inc. said it may downgrade Spain’s Aaa credit rating. US economic data were mixed. ADP estimated US nonfarm private employment increased 13K in June, well below the consensus expected 60K, while the Chicago PMI showed US business activity expanded

The dollar traded mostly higher on Wednesday after Moody’s Investors Service Inc. said it may downgrade Spain’s Aaa credit rating. US economic data were mixed. ADP estimated US nonfarm private employment increased 13K in June, well below the consensus expected 60K, while the Chicago PMI showed US business activity expanded

Risk aversion remained the dominant theme in the NY session. ADP June Employment Change started off by printing a disappointing +13k increase against expectations of a +60k increase. Next up on the data slate was Chicago PMI, which came out in line with expectations at 59.1. As the day wore

Risk aversion remained the dominant theme in the NY session. ADP June Employment Change started off by printing a disappointing +13k increase against expectations of a +60k increase. Next up on the data slate was Chicago PMI, which came out in line with expectations at 59.1. As the day wore

Sentiment remains decidedly bearish. The S&P500 opened on key support at 1040-42 and whipped around in a tight 10pt range for much of the day before a late lurch lower saw it fi nish down 0.8%. Sentiment was given a lift in early dealings by a smaller than expected uptake

Sentiment remains decidedly bearish. The S&P500 opened on key support at 1040-42 and whipped around in a tight 10pt range for much of the day before a late lurch lower saw it fi nish down 0.8%. Sentiment was given a lift in early dealings by a smaller than expected uptake