China’s Strong PMI Fails to Inspire Risk Takers

Negative risk sentiment is still clearly the driving theme in the FX markets. Last week, already skittish investors were hit with the “trifecta” of problems. Rising CDS spreads on sovereign debt, worries that China would take a less accommodative stance in monetary policy and political risk in the US (take your pick: [...]

Negative risk sentiment is still clearly the driving theme in the FX markets. Last week, already skittish investors were hit with the “trifecta” of problems. Rising CDS spreads on sovereign debt, worries that China would take a less accommodative stance in monetary policy and political risk in the US (take your pick: Bernanke’s confirmation, banking regulations and/or Obama’s whopper Budget)….

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Translator
Markets
INDU 0.00    N/A
NASDAQ 2901.99    -3.67
S&P 500 1344.33    -0.57
^SSMI 6147.03    -6.28
^GDAXI 6764.83    -1.84
^FCHI 3405.27    -22.65
XAUUSD=X 1720.15    N/A
1970-01-01 00:00