Sheraz Mian's picture

Earnings remain front and center in today’s session, with positive results from a number of industry leaders helping boost investor confidence. Hard to tell whether the mood will last through the entire session or not, but markets made a very strong open.

Oil Price's picture

The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. 17, compared to the prior week.

Doug Short's picture

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method.

BCA Research's picture

EM economies ex-China are slowing to a “new, normal growth” phase, which will keep bulks and base metals under pressure this year and next. These economies join China in a broad-based EM slow-down, which will increase...

Chris Puplava's picture

How the markets behave in the coming weeks will go a long way to help determine if the September-October correction was the start of a new bear market or just a normal correction in a bull market...

Walter Donway's picture

In the United States, if we hold a referendum, so voters may speak directly and decisively on a question, it always is at the state level, and, lately, most often addresses the legality of gay marriage, the decriminalization of marijuana, getting tough on illegal immigrants, or some other grave matter.

Sheraz Mian's picture

Favorable looking headlines from China and Europe and a mixed batch of earnings reports provide the backdrop for today’s trading action. The GDP report out of China shows that country’s growth falling to its level in years, but it nevertheless came in better than expected.

Marc Chandler's picture

The drop in U.S. bond yields is perhaps the biggest surprise for investors this year. The gradual decline in Federal Reserve buying, faster growth, and the prospects for a rate hike in 2015 were expected to lift bond yields.

Sober Look's picture

China's GDP growth is gradually slowing as expected - at least according to the official reports. Growth is now at the lowest level since 2009, but so far the Bloomberg China GDP Tracker forecast of a sharp correction this quarter has not materialized.

Stratfor's picture

There has been much talk of globalization and the interdependence that has flowed from it. There is clearly much truth in arguing that what happens in one part of the world affects the rest. But that simply was not evident.

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