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Stocks Mount Late Session Turnaround; Regulatory Bill not as Restrictive

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Mar 15, 2010.

  1. futuretrends24

    futuretrends24 New Member

    Apr 30, 2009
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    Today’s sample of Futures Analysis from FuturesHound.com

    U.S. equity markets turned around late in the trading session after investors determined that the new regulatory overhaul plan for Wall Street was not as restrictive as previously thought.

    Earlier in the session, equity markets were under pressure, led by falling oil and bank stocks. The weakness initially began overnight with heavy Asian selling on concerns that China would begin another round of monetary policy tightening. Energy stocks were down because of the drop in crude oil. Bank stocks felt pressure because of the introduction of the new financial market regulatory proposal.

    The rising Dollar also hurt demand for higher risk assets such as equities. The strength in the Dollar was attributed to weakness in the Euro and British Pound. The Euro saw pressure on speculation that a bailout plan for Greece had stalled. The British Pound was down on concerns over a possible debt rating cut.

    Read full article at full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

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