The Fuse
We have become used to volatile overnight sessions, last night was another one. After rising up nearly .5% the futures have lost those gains and has gone negative. With today’s release of the February CPI we’ll see how the response might be but nobody is really talking about it yet.
More downside for overseas markets as the STOXX was lower by .7% led by sharp losses in Germany. FTSE also down the same amount, US dollar was flat but crude oil is back on the rise, up 4%. Gold and silver under some early pressure. In Asia stocks were mixed, Japan up 1.4%, Shanghai rallied .2% but Hong Kong was lower the same amount. Yields in Germany are on the rise, up .2%.
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