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- The European indices are currently trading in negative territory in the session after some poor earnings reports ahead of the open including results from European Aeronautic Defense, and Gyrus Group. European government bonds as well as Gilts in the UK are trading relatively unchanged ahead...

- European government bonds closed lower yesterday after the ECB's Trichet signaled that the ECB may have to raise rates further in the post interest rate announcement press conference. - As expected the ECB raised its key interest rate by 25 basis points to 3.75% yesterday. In the press...

Asian Market Update: Limited upside for Asian stocks ahead of U.S. jobs data - Demand for Asian exports remain strong: Japanese exports are holding up strong, as machine orders data came in much better than expected (JP JAN MACHINE ORDERS MOM: 3.9% V 1.4% expected; YOY: 2.6% V 0.4%...

Mid-Morning Recap by TradeTheNews Staff - Many of the major overseas equity indices added 1% overnight leading to a strong open for US equities. Generally solid Feb same-store sales figures have helped retailers add to the overall strength. ANF +1% AEO +5% TGT +2.5% MW +10% GYMB +3.5% PSUN...

- The European indices are currently trading higher in the session after a positive open. The upward drive was led by Suez, and Aegon after the companies reported earnings results that exceeded analysts’ expectations. - Ahead of the ECB interest rate decision today European government bonds...

- European government bonds closed relatively unchanged in yesterday's session ahead of the ECB's interest rate decision today. - The ECB is widely expected to raise interest rates by 25 basis points to 3.75% today. The main focus amongst investors will probably be the post announcement...

Asian Market Update: The yen continues to dictate equity trading - U.S. subprime worries: Federal bank regulators ordered Fremont, a major lender in the troubled subprime home-mortgage business, to tighten its loan policies and operations to avoid future losses from defaults by borrowers. It...

Mid-Morning Update by TradeTheNews Staff - US Indices have spent most of the session around the unchanged mark with the NASDAQ under performing. Semis have been relatively weak since the open with the SOX Index down more than 0.5%. Retail stocks are mixed as several digest Q4 earnings...

- The European indices are currently trading in positive territory in the session led by Carrefour in Paris after Groupe Arnault and Colony Capital acquired a stake in the company. - Markets have been quiet ahead of the ECB and BOE interest rate decisions tomorrow. European government bonds...

- European government bonds cloed lower in yesterday's session giving up some of their recent gains. - In focus today will be the release of German factory orders for the month of January, which are seen rising to 0.4% m/m, and 6.7% y/y. - Over in the UK gilts closed slightly lower after poor...

We've heard talk of a massive USD/JPY option barrier at 115, so it might take some time for USD/JPY to break that. - Historical trends in JPY strength: It seems to be a typical pattern when carry trades are unwound that it goes for six weeks (implies we should see JPY strength for another 4...

We might have only seen the tip of the iceberg - One of Japan's top online brokers (Gaitame.com) data shows that its traders have been steady cross/yen during the JPY rally over the past two weeks, despite the JPY gains

Asian Market Update: Asian stocks recover from early carry trade jitters - Caution in Asian equity markets as some fear another round of carry trade unwinding may kick in: Some analysts have warned that serious carry trade liquidation is yet to set in. Analysts remain concerned over the...

US Mid-Morning Recap by TradeTheNews Staff - Indices opened substantially higher, helped by short covering in many of the groups that have been leading the markets lower over the last 5 sessions. Financial stocks have seen some interest from investors looking to take advantage of the recent...

- The European indices are currently trading in positive territory in what has turned out to be a quiet session, breaking a five-day retreat. The rise was led by Xstrata, which posted record profit, and Novartis, which received FDA approval for its blood pressure drug Tekturna. - European...

- European government bonds closed higher yesterday on increased investment as markets faced greater volatility. Bonds were lifted by the lower than expected ISM Non-Manufacturing data in the US. - In focus today is the release of Euro-Zone January retail sales data, which is seen rising to...

Asian Market Update: Asia shows renewed appetite for risk as yen is sold - Asian equities finally rebound after recent losses: The Nikkei 225 is higher by more than 1.3% after falling by more than 3.0% during the prior session, driven by gains in exporters and steel related shares. Gains in...

US Mid-Morning Recap by TradeTheNews Staff - Equity futures were trading sharply lower ahead of the open amid continued weakness in overseas equity markets. Financial stocks opened very weak after Lehman cut its rating of CFC and lowered its outlook for the prime mortgage sector. CFC...

- The European indices are currently trading lower in the session after Asian markets closed lower across the board, extending last week’s sell off as investors rotate out of equity and into fixed income amongst the first signs of an unwind in the carry trade. - European government bonds are...

- European government bonds booked a gain last week as investors flocked to fixed income amongst uncertainty in the equity and commodities markets after a worldwide drop in equities led by China sparked a domino effect amongst the major equity markets. Amongst increased equity market volatility...