The G7 meeting of finance ministers, instead of an aggressive statement on the dangers of a weak dollar, opted for a mealy-mouth remark that "excess volatility and disorderly movements in FX rates have adverse implications for economic and financial stability." Read More
S&P 500 futures popped about 4 points as retail sales, including sales ex-auto, were both stronger than expected. The Empire Manufacturing index was also stronger than expected. Producer Price Index was a bit higher than expected but inflation is not a big worry at the moment. Read More
Asia drops as Japanese GDP--while growing--disappoints. You would think global markets would be delighted to hear that Japan had positive GDP growth for the first time in five quarters. Read More