Yesterday’s relief rally on North American equity markets appears to be fizzling. Futures are down across the board by the better part of two per cent after yesterday’s broad-based rally.
Yesterday’s relief rally on North American equity markets appears to be fizzling.
Today it appears that there’s some negative sentiment from across the pond souring the mood here in North America – European markets are down about two per cent, led lower by bank stocks in the wake of continued troubles out of Credit Suisse. Of course, rates are also always on the mind, with today’s U.S. Producer Price Index helping to inform how inflation is shaping up for manufacturers and how the U.S. Fed will in turn respond to price pressures at next week’s meeting.
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