Khuram Chaudhry
Khuram Chaudhry
bad continue emerge european likely news regard seen
We've seen a lot of bad news emerge from the U.S., ... and it's likely to continue with regard to European companies.
activity although both consumer cut data finding holding housing hungary industrial interest rates sweden
We're finding that the data from the U.S. on industrial activity were pretty weak. It's so-so on the consumer although housing activity is still holding up. When you look at Europe, Sweden and Hungary both cut interest rates this week.
bad likely meet midst numbers quite reporting scope season
We are in the midst of the third-quarter reporting season and it's quite likely the numbers will meet expectations or be below, so there is still scope for bad news.
coming corporate data dollar early economic european focus helping higher numbers positive pulled stocks tech translate weak
I think the focus in the U.S. is on economic data coming out -- things like U.S. import prices. You find a weak dollar will translate into higher import prices. In corporate news, Cisco's numbers could have a positive impact, it was helping some of the European tech stocks early ... but European bourses have pulled back a bit.
closely consumer effect factor high oil prices related results retail watching
Retail results will also be closely watched. One other factor we're watching related to oil is the effect the high prices could have on consumer spending.
bank cut england europe european good interest japan joined markets moved news rates time turnaround
Markets in Europe moved down after a turnaround in the U.S. markets. The good news was that the Bank of England cut interest rates at the same time other European bourses and the Bank of Japan joined in.
concern enter iraq issue market move next
Iraq is still impinging on the market making any move firmer. My concern is that it is going to become more of an issue as we enter next year.
certainly combined comments continuing data early economic factor federal growth higher key last lead light likely market monday plus positive push regional stocks tech tend
The ISM data is key today, especially in light of last week's data on regional manufacturing activity, combined with some positive comments on economic growth by the Federal Reserve. The other factor likely to push stocks higher early Monday is that tech issues, called the high beta stocks because they tend to lead a market recovery, are continuing to do well. That's certainly a plus for the market.
concerned economy-and-economics investors recovery swift
Investors are getting concerned that we won't see a swift recovery in the U.S. economy,
concern cuts data deflation economic interest rate since turn unlikely
If there are no interest rate cuts before the end of the year, the concern will be that we are going down the deflation road, since economic data is unlikely to turn up of its own accord,
environment markets policy response
In that environment, markets could retest lows, but if we get the policy response then we'll get more of a rally.
decision downward driver expected eyes fed france german happens later main seen today
All eyes are on the Fed's decision expected later today (Wednesday). We've seen some downward pressure, especially on some of the telecom names, particularly France Telecom, and in also on some German stocks. But the main driver has been what happens with the Fed decision today,
airlines defensive hit interest markets quite renewed saw
The markets are still very defensive in tone. Airlines are still being hit quite sharply. But we saw some renewed interest in some of the telecommunication names.
highs investors level likelihood looking mark markets near oil positive
The likelihood that oil hovers near the $59 mark is not a positive for markets because at that level investors are now looking at new highs for the commodity.