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Perception Gaps

Daily Recap

Today seems a lot like yesterday, with few big movers out there. With the exception of the NIKKEI (down 2.3%), Asian and European markets were little changed from yesterday; some up, some down.  

A decline in US crude oil stockpiles offset bearish news from OPEC, leading to a neutral close there.  Interest rates were up a little or down a little, depending on which source one believes. And the US dollar index rose 0.16%, again somewhat of a yawner.

Stocks have a lot to consider: OPEC's meeting in Vienna today, payroll numbers tomorrow, the ECB's decision to buy bonds starting next week, the UK's vote this month on staying in the EU, and of course the Fed's rate hike -- or not. Stocks started the day lower in the US, but have moved higher throughout the trading session. Near the close, the Industrials and other major indices are up 2 to 3 tenths ... Log in or subscribe to continue reading.


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