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  • Squawk / 3 hours ago
    Saxo Bank Senior Dealer Equity CFD's Market Making / Saxo Bank
    Technically we are looking at the first resistance level of this bounce in the S&P500 cash index to be the half back level/ 2,094. (SP500.I)
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  • Squawk / 3 hours ago
    Saxo Bank Senior Dealer Equity CFD's Market Making / Saxo Bank
    US stocks breaking lower. We start to see buy side trading flow at these levels (S&P500 2,088)
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  • Editor’s Picks / 4 hours ago

    Why investors are fleeing tech funds

    The Nasdaq may have surged above 5,000, but a quick look at some prominent tech ETFs shows a significant degree of capital outflow. According to MarketWatch's Victor Reklaitis, "U.S. tech ETFs have suffered a net outflow of $2.3 billion so far this year. Among the 10 main stock-market sectors, only ETFs for financials and industrials have seen more money head for the exits". Reklaitis quotes analyst David Mazza as saying that investors may be concerned about the tech sector's overseas exposure in a strong-USD environment. The US dollar is already the world's most robust currency, and looks primed for further strength if the Federal Reserve decides to hike rates later this year.
    Read article on MarketWatch
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  • Squawk / 5 hours ago
    Head of Macro Strategy / Saxo Bank
    ADP says private sector added 212,000 jobs in February:

    The payroll-processing company ADP says the private sector created 212,000 in the US last month, 7,000 less than expected by consensus and 38,000 less than the revised 250,000 reading in January.

    Small companies (19 employees or less) added 94,000 payrolls while medium-sized companies (up to 499 employees) added 63,000. Large companies added the rest (56,000).

    The Bureau of Labor Statistics's change in nonfarm payrolls figure will be reported on Friday at 13:30 GMT. Consensus looks for a gain of 235,000.
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