Seeking Alpha

Global stocks rally, U.S. futures look to wipe out yesterday's losses

  • Capital markets are breathing a sigh of relief after Putin says he is ending Russian military exercises near the Ukraine border.
  • U.S. stock markets look to recover all of yesterday’s selloff, as the S&P +1% and the Dow and Nasdaq +1.1%.
  • European markets are rallying: Germany's DAX +2.1%, France's CAC +2.1%, U.K.'s FTSE +1.4%.
  • Asian markets closed mixed: Japan's Nikkei +0.5%, Hong Kong's Hang Seng +0.7%, China's Shanghai Composite -0.2%.
  • Safe-haven assets that fared so well yesterday are down today: The 10-year Treasury note is down 10 bps to push its yield up to 2.64%, gold -1.3% to $1332.60/oz., and Brent crude -1.4% to $109.63/bbl.
  • In corporate news, RadioShack -19% and McDermott -7% after reporting miserable quarters; J.C. Penney +8% after S&P raised its outlook.
Comments (1)
  • Jake2992
    , contributor
    Comments (831) | Send Message
     
    So much for Obama being "weak". Tighten the screws on Russian and their currency crumbles in a matter of days. Yes that was Obama's doing, but you will never see the bigots (aka conservatives) give him credit. Their handlers in the national right wing media won't allow it.
    4 Mar 2014, 11:15 AM Reply Like
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