Consolidation Featured Ahead of the Weekend

Overview: The equity rally is stalling ahead of the weekend.  Most markets in the Asia Pacific region eased, though China and Australia advanced.  Japanese shares were mixed.  The Nikkei, though advanced for the fourth consecutive session, while the Topis slipped.  European stocks are off more, and once again, the 200-day moving averaging is capping the Dow …

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Markets Calm(er)

Overview: Oil prices have stabilized after yesterday’s surge.  Both Brent and WTI are holding on to around $7-$8 a barrel gain. Equity markets are mixed.  Some are attributing the losses in Asia Pacific outside of Japan (Nikkei rose its highest level since late April), Korea and Australia to the rise in oil prices.  European shares opened …

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