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- European government bonds closed higher in yesterday’s session on renewed worries that weakness I the sub-prime mortgage market in the US may spread to other parts of the economy. - The ECB’s Trichet said overnight that business cycles have synchronized in the Euro-Area. Trichet said that...

Asian Market Update: Markets show renewed appetite for risk, but caution remains - Aussie jobs data comes in strong, but not strong enough to fuel wage inflation concerns: (AU FEB EMPLOYMENT CHANGE: 22K V 15K expected; UNEMPLOYMENT RATE: 4.6% V 4.5% expected). There are still few signs that...

US Mid-Morning Recap by TradTheNews Staff - Indices initially traded lower following the open while Treasuries gave up early gains, but since then both markets have stayed close to the unchanged level. The yield on the 10-year has held right around 4.5% while the odds of rate cut by the...

- The European indices are currently trading sharply lower on flow-through jitters related to sub-prime lending concerns as some see the downward momentum spreading to other parts of the economy. - European government bonds as well as gilts in the UK are currently trading higher in the session...

- Despite higher than expected ZEW results in Germany and the Euro-Zone European government bonds closed higher in yesterday’s session as investors sought the safety of bonds amid market uncertainty spurring from worries that the weakness in the sub-prime mortgage market in the US may spread...

Asian Market Update: Bargain hunters stay on the sidelines as risk aversion dominates trading - Asian Equities: The Nikkei 225 is lower by about 3%, tracking declines in U.S. equities on subprime concerns. The Nikkei did not rebound off session lows despite a slight weakening of the yen, as...

US Mid-Morning Recap by TradeTheNews Staff - Equity futures were heading lower this AM on continued worries about the sub-prime market and slight weakness in overseas issues. A 50% plus decline in shares of LEND was precipitated by the news the Co. is considering raising additional capital...

- The European indices are currently rebounding after trading lower early on in the session led by HMV group after cutting the company cut its outlook, and Gaz de France after reporting poor results. - European government bonds are currently off of their best levels of the session. EGBs and...

- European government bonds closed higher in yesterday's session following further news of trouble in the US sub-prime mortgage sector. - According to the Q2 Manpower Employment Outlook released overnight, 14% of German firms aiming to create new jobs, while only 2% are planning cuts. - In...

Asian Market Update: Worries over U.S. subprime housing market lead to unwinding of carry trades - Kiwi retail sales come in much stronger than expected: (NZ JAN RETAIL SALES MOM: 0.5% V 0.2% expected; EX-AUTO: 1.0% V 0.2% PRIOR). Analysts were quick to point out that the monthly data series...

US Mid-Morning Recap by TradeTheNews Staff US equity markets are holding close to the flat line as renewed worries of sub-prime spill over are overshadowing deal announcements. New Century said they do not have enough liquidity to meet buybacks and have entered talks with lenders. Mortgage...

Energy Market Preview by Trade the News Staff - OPEC ministers meet this week on Thursday to discuss output policy. Qatar’s oil minister said today that OPEC’s compliance with output cuts is very good. Additionally, he said that there’s no need to do anything if prices remain as they...

Treasury Market Preview by Trade the News Staff - On the U.S. calendar today is just one release, the Monthly Budget Statement for Feb. Later this week we have Advance Retail Sales for Feb tomorrow. On Wednesday the Current Account Balance for Q4 and the Import Price Index for Feb will be...

- The European indices are currently trading near session lows after a strong open. Indices opened higher on merger news and speculation. Indices slowly declined throughout the rather quiet session. - European government bonds are currently trading lower in the session following comments from...

- European government bonds dropped sharply on Friday after payrolls were slightly ahead of estimates in the US, with an upward revision of 35K to the back month. - In an interview published over the weekend the ECB’s Bini Smaghi said that he expects Euro-Zone inflation below 2.0%...

Asian Market Update: Japanese GDP data show capital expenditure expected to slow - Q4 Japanese GDP is revised upwards: Many analysts expected a strong upward revision in Q4 Japanese GDP, and the annualized figure was in fact revised to 5.5% (markets expected a revision to 5.1%). The Japanese...

Market Update by Trade the News Staff Dow +31, S&P +4, Nasdaq +6 Equity indices moved higher this morning after favorable jobs data showed that the economy was not slowing as much as feared. Change in Nonfarm Payrolls came in a 97k v an expected 95k with the prior month revised higher to...

June is the more liquid contract at this time.

Energy Market Preview by Trade the News Staff - Late yesterday Platts reported in the results of an OPEC survey, saying that OPEC output fell to 26.62M b/d in Feb from 29.95M in Jan. - Venezuela said that a priority at OPEC's meeting next week on the 15th is to verify compliance on...

Treasury Market Preview by Trade the News Staff - On the U.S. calendar today at 8:30 a.m. are the releases of Non-Farm Payrolls, Average Hours, the Unemployment Rate, Average Weekly Hours and Manufacturing Payrolls for Feb. We also have the Jan. Trade Balance. At 10:00 a.m. Wholesale...