Monday, September 14, 2015

Economic Journal - Monday, 9/14/2015


(As of 7:15 am PST)

US equities opened slightly lower Monday in a much anticipated week which will be highlighted by the Federal Reserve’s rate decision on Thursday. With an empty economic calendar set for Monday, investors are gearing up for the two day FOMC meeting that kicks off on Wednesday. There is a feeling that this month’s rate decision is truly a toss-up. Economic data has been strong enough lately to support a rate increase, however unstable conditions in China and the rest of the emerging world have some analysts betting that the Fed will delay its plans to raise interest rates.  The uncertainty will likely lead to heightened volatility through Thursday. In overseas action today, Asian indexes finished mixed with China’s Shanghai index dropping 2.66% on the day as disappointing economic data over the weekend set a negative tone for Chinese investors early. European stocks are heading lower in the final hour of trade. Gold is hovering just above $1100 per oz. today while oil is trading down slightly. Treasury prices are getting a bid up on safe haven buying as the 10 yr. yield is down to 2.17%.

No comments: