S&P Down for Fourth Straight Session; Japan’s Monthly Deficit Exceeds Expectations; Euro, U.S. Treasury Yield Rise

Daily Data Flow

S&P Down for Fourth Straight Session (Bloomberg)

All three major U.S. stock indices fell Monday, as investors await the release of the Federal Open Market Committee’s minutes. The S&P 500 declined to its lowest level since July 8. “This market has been on the weaker side in the last few weeks, digesting recent gains,” Eric Green, director of research and fund manager at Penn Capital Management, said.
Japan’s Monthly Deficit Exceeds Expectations (CNBC)

As the Nikkei rose almost one percent, the Japanese monthly trade deficit exceeded expectations for the thirteenth straight month on Monday. The yen continued to fall against the dollar, and some experts suggested that investors must be patient with the economy. “It takes up to a year between currency depreciation and what happens with exports and imports,” said Lim Say Boon, CIO of DBS Group Wealth Management.

Bundesbank Lifts Euro While U.S. Treasury Yield Rises to Two-Year High (Reuters)

The euro jumped to a two-week high against the yen and surpassed the dollar today, boosted by comments from the Bundesbank, Germany’s Central Bank. The Bank stated that the European Central Bank’s low-interest-rate pledge hasn’t been set in stone. However, the euro’s gains paled in comparison to the rise in U.S. 10-Year Treasury yields, which grew to 2.90 percent — their highest point in two years. “We’ve seen the Bundesbank comments support the euro earlier in London, although it has come off since this morning due to the back-up in Treasury yields,” said Brian Kim, currency strategist, at RBS Securities in Stamford, Connecticut.

Exclusive  GLOBAL STOCK INVESTOR HOTLINE UPDATE 54

 

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Last week saw the U.S. stock market take another dive lower -- the S&P 500 closed the week down 2.1% -- following the prior week’s 1% dip. Since the Aug. 2 peak, the S&P 500 has fallen just over 3%. There are a number of factors weighing on the market.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE