Equities rose 2.9% in India, 2.4% in China, 1.9% in Hong Kong, 1.7% in South Korea, 1.2% in The Philippines, 0.9% in Japan and Thailand, 0.7% in Indonesia and Singapore, and 0.2% in Australia.  The Paris Cac, British Ftse, and German Dax are 1.7%, 1.4%, and 1.3% higher. The ten-year Japanese JGB yield touched a [...]

Weak European data and the befuddlement of officials set a gloomy market tone before the United States opened.  Three U.S. economic indicators released this morning haven’t helped the mood. New jobless insurance claims totaled 429K in the week of June 18 and averaged 426.5K over the past four reported weeks.  In sequential four-week periods, the [...]