Treasuries erased losses while U.S. equity futures pared a decline as the biggest selloff for U.S. assets since June eased before a Federal Reserve official speaks. Markets from Asia to Europe retreated.
Germany’s export-focused economy has been showing some signs of weakness, but no signs of an outright Financial-Crisis type collapse. So this data set released today by the German Statistical Agency doesn’t match those trends, and it doesn’t fit into the scenery. It could be an outlier, a statistical quirk, something that will be adjusted out of the way later. Or it could be a very unpleasant warning sign.
A cessation of hostilities is due to start in Syria at sunset on Monday, after a weekend of air strikes. The 10-day truce is due to be followed by co-ordinated US-Russian air strikes against jihadist militants.
The rout in global bonds, which has seen yields on the U.S. 10-year rise 15 basis points in two days as investors backed away from buying the debt, has coincided with a sell-off in other assets and prompted a flurry of comparisons to the 2013 “taper tantrum” that erupted as investors fretted over potentially rising U.S. interest rates.
By: Brandon T. Ward
Some comments were made on the site that went a little farther than they should have. I want to clarify some of the comments on my part. In no way shape or form am I looking for people to agree on any given subject. In fact, in our comments section we say, “We would love to read your point of view and inspiring messages.”
I have said over and over again we are never going to agree on everything. We all have minds of our own to think for ourselves and thank God for it. We have constantly said everyone needs to document a given subject for themselves in the Bible. Individuals should never believe a subject because I or anyone else said it was this way or that way.