A very happy profit-taking Monday morning to all! --futures traders say indexes are down -0.25% and metals -0.64%; some how the phrase "aging uptrend" keeps going through my mind. Starting even before opening we'll get reports on Empire Manufacturing, Industrial Production, and Capacity Utilization. Busy day also for news:
- Index Futures Follow Asia Lower on Japan Recession Bloomberg - 6:13am Stocks in Europe and Asia fell with U.S. equity-index futures, while the yen rose after the world's third-largest economy unexpectedly entered recession.
- Australia Opens China's Services Market With Free Trade Accord Bloomberg - 5 hours ago Australia hailed a free-trade agreement with China that it says provides unparalleled access to the services market of the world's second-largest economy.
- US stocks seen lower after Japan enters recession U.S. stocks looked set to decline at the open on Monday, with global shares hit by the news that Japan had unexpectedly slipped into recession.
- Money flows to Shanghai as landmark stocks link with Hong Kong opens
- The trouble with investing fees: Are commission- or fee-based accounts better?- David Kaufman, Nat'l Post
--and threads:
- Lithuania fears a new Russian invasion
- WARNING Bank Deposits Will Soon No Longer Be Considered Money But Paper Investments
- Americans think the unemployment rate is 32 percent