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Article / 10 minutes agoAs private indebtedness in China soars the ability to repay is under pressure from sluggish economic growth. China's labour market, meanwhile, continues to weaken and its government may respond with another shot of stimulus. Elsewhere, the Greek debt mess looms large over markets, we get more evidence of a resurgent Germany and the United Kingdom is looking as robust as ever.Read the article
Article / 1 hour ago
Why Russia doesn't want a GrexitFor all the talk about Russia bailing out Greece (or at least providing some assistance), Greek politicians surely understand that they are much more valuable for Russia within rather than outside the European Union.Read the article
Squawk / 1 hour agoBUY HEDGE FUNDS TODAY AND TOMRROW????
BUY XAU AND XAG AT CMP $1182.10-1180+$16.54-16.30 RANGE KEEP SL $1170+16.10 AND TGT1 $1200+$17.15 AND TGT2 $1215+17.55(THIS WEEK).MM
Article / 2 hours ago
From the Floor: The Greek joker in the packThe Greek shadow still looms over markets as the April 9 payment deadline for Greece to repay a EUR450mn loan installment to the International Monetary Fund approaches.Read the article
Squawk / 2 hours agoGlobal PMI day sees China, euro area surprise to the upside:
A string of economies report March PMI manufacturing figures today led by China. The world's second-largest economy recorded a 50.1 reading last month vs. 49.7 expected and 49.9 prior. Also the unofficial HSBC China PMI manufacturing index was stronger than expected at 49.6 vs. 49.3 expected and 49.2 prior. Meanwhile Japan saw an unchanged if quite small increase in manufacturing output (50.3 vs. 50.4 prior).
Turning to Europe, the euro area (EZ) PMI manuf. index was revised up in the final report to 52.2 vs. 51.9 exp and 51.9 originally (51 in Feb). This is the strongest reading for the EZ since May 2014. Both France and Germany's indices were revised higher in the final report. Italy, Sweden and Switzerland all surprised positively while Spain and Ireland remain robust.
I expect EZ growth of at least 1.5%. Consensus sees 1.3%. See our Essential Trades for more: https://www.tradingfloor.com/publications/essential-trades
Squawk / 3 hours agoS&P 500 ($ES_F) Rebound Bias with 2033/30 Support Area Holding
A plunge lower overnight has seen recovery supports violated, but the latter March setback low from last week is just holding at 2033.25.
This leaves a very neutral broader outlook with both range supports and resistance violated over recent sessions, but the bounce again from the 2033/30 area points to a rebound to the range today.
We see an upside bias for 2048.5 and then a pivotal area at 2060/62; break here aims for 2076.25, maybe 2081.75.
But below 2033.5/33.25 (which we would look to try to hold) opens risk down for 2030.25 maybe 2021.75, which we would again look to try to hold.
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Article / 3 hours ago
Morning Markets: What's the deal with Iran?Oil markets are weighing the possibility of a deal with Iran. Meanwhile, a raft of Manufacturing PMI prints updates investors on growth in some of the world's most important economies while US jobs data will provide another proxy indicator of the Fed's willingness to raise interest rates sooner rather than later.Read the article
Article / 4 hours ago
Saxo Trade Navigator: Wednesday, April 1April 1, 2015: The Saxo Trade Navigator provides you with daily technical insight into a wide array of major instruments, ranging from FX to equities, commodities and bonds. With a host of various technical indicators such as pivot points, RSI and moving averages, the Saxo Trade Navigator can be used to spot daily trade ideas.Read the article
Trade view / 4 hours agoDay trade
DAX failure at top of channel signals pullback(Jun'15 contract) The rally to a record high two weeks ago has attracted sellers at top of weekly channel. This week's rally has stalled short of that record top, but also at the top of the channel. Yesterday’s reversal has weakened signals and we should get further confirmation of a potential topping pattern on the open today, with a break of the trend of higher daily lows. This is pointing signals to a temporary profit taking sell-off.Read the Trade View
Squawk / 4 hours agoJun Bunds - Marabuzo line to platform gains
Yesterdays initial decline was a modest one and stalled, and reversed, at the Mar 18th Marabuzo line and the 13 day moving average – levels that have supported over the last 7 trading days. Net gains were not extensive but were the most positive since Mar 18th and although the highs were not maintained, sentiment is left positive.
Upside scope to 158.99 and 159.13 with a risk level currently assessed as 158.35.