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- Motorola's pre-announcement has led to a bit of weakness in several of the names involved in the production of handsets. MOT -5.4% FLEX -3.5% QCOM -0.5% TXN PALM -8.4% Intuit is off 8% after providing some guidance on TurobTax sales. Airline stocks are heading lower weighed down by higher...

- The European indices are trading sharply higher. European indices had a strong open, rallying after the FOMC indicated that it is no longer inclined towards a possible interest rate hike. - European government bonds are trading higher in the session, but are currently off of their best...

- European government bonds spent most of yesterday’s session just below the unchanged level, but gained support upon the FOMC rate announcement and statement, pushing them to closed just above the unchanged level. - Midway through yesterday’s session in his testimony to parliament the...

Asian Market Update: Asian equities rally after Fed drops tightening bias - Signs of a weakening manufacturing sector in Japan: (JP Q1 BUSINESS SENTIMENT INDEX LARGE MANUFACTURING QOQ: 0.1 V 7.1 PRIOR; LARGE ALL INDUSTRY: 6.2 V 6.5 expected). The index showed that Japanese firms see 07/08...

US Mid-Morning Recap by TradeTheNews Staff - US equity markets opened flat to higher this morning after a mixed reaction to some key earnings reports. The NASDAQ found early strength as traders bid up shares of ORCL +3.5% and ADBE 4% post earnings, while the Dow Jones Transportation Average...

- The European indices are currently trading in positive territory, but are off of session highs and sit near the unchanged level. European indices were led higher by the banking sector on merger related news as well as a sector upgrade at Goldman Sachs. Oil stocks are also helping the European...

- European government bonds closed higher in yesterday’s session as investors moved back into the safety of bonds upon the circulation of rumors of further problems in the sub-prime mortgage market. - With no major economic released in the Euro-Area, as well as no new supply, focus is likely...

Asian Market Update: Traders take some profits ahead of FOMC - Australian economic outlook: The WestPac leading index, and index that forecasts economic activity in the next 3 to 9 months, grew at an annualized rate of 4.8% in January. The January reading was down from the 5.4% recorded in...

- The European indices are currently trading lower in the session led lower after Deutsche Post reported relatively poor earnings for the fourth-quarter. - European government bonds are trading just below the unchanged level in today’s session, while gilts are trading lower in the UK after...

- European government bonds closed lower in yesterday’s session as stock markets rebounded around the world. - German Finance Minister Steinbrueck said yesterday that he sees a high probability of stronger German growth, noting that the European economy is “very good”. - The ECB’s...

Asian Market Update: Carry trade expected to make a return - Carry trade theme expected to make a comeback: Volatility in global markets is dropping with the positive stock market response to the Chinese rate hike over the weekend. Most analysts expect the carry theme to resume if the Bank...

US Mid Morning Recap by TradeTheNews Staff - Equity futures moved higher ahead of the NYC on the back of strong overseas performance. The Shanghai Composite set the tone overnight after it reversed from a lower open to close up more than 1% despite the Chinese Central Bank’s decision to...

- The European indices are currently trading higher in today’s session led higher on increased takeover speculation as rumors circulate about a possible Barclay’s for ABN Amro bid, and after Tui announced plans to merge with First Choice Holidays. - European government bonds are trading...

- European bonds closed slightly lower in Friday’s session after the release of slightly stronger than expected inflation data in the US. - In an extremely light session on the economic front the focus is likely to fall upon technical trading as well as comments from the ECB’s Gaspari and...

Asian Market Update: Markets shrug off Chinese rate hike, waiting for U.S. subprime developments - China's central bank hikes interest rates by 27bps: Asian equity markets, especially China, have been concerned for some time about additional firming from Chinese authorities. The move was...

- In a quiet session overnight the European indices are currently trading in negative territory in the session led lower by the energy companies on declining oil prices after OPEC left output unchanged yesterday and decided that they may not hold another meeting until September. - European...

- European government bonds closed lower in yesteday's session after data in the US showed a greater than expected rise in producer prices, but a weakening manufacturing sector. - Former FED Chairman Alan Greenspan said yesterday that sub-prime problems are not a small issue. Greenspan said...

Asian Market Update: Equity markets continue to dictate movement in currency markets - Forex: Equity markets continue to dictate movement in currency markets. The market focus remains on risk reduction, stocks and whether the U.S. economy will slow down, not on interest rate differentials...

US Mid-Morning Recap by TradeTheNews Staff - Ahead of the open, equity futures dipped following Feb PPI data that was ahead of expectations and a very soft March Empire Manufacturing reading. The weakness was short lived as Indices opened on their lows and pushed higher. Equity strength is...

- The European indices are currently trading higher in the session led by positive earnings reports, and takeover speculation ahead of the open, as well as a rise in investor optimism and confidence. - European government bonds are trading lower in the session giving up gains made in recent...