Thank you very much;
you're only a step away from
downloading your reports.
Bulls Blink Ahead of Crimea Referendum
End of Day Roundup 03/14: Today's financial recap and tomorrow's financial outlook.
Minyanville Staff    

US stocks fell on Friday as Ukraine-related tensions weighed on traders' minds.

Coming in, Asian and European markets were down across the board with notable weakness in the Nikkei 225 (INDEXNIKKEI:NI225).

The situation in Ukraine appeared to be simmering over, with Estonia's Defense Minister reportedly saying that Russia was set to invade eastern Ukraine.

At a press conference following his meeting with Russian Foreign Minister Sergey Lavrov, Secretary of State John Kerry did not announce a favorable outcome ahead of Sunday's Crimea secession referendum, but the markets perceived the talks as somewhat constructive -- or at least not disastrous. Secretary Kerry said that Russia can respect the results of the referendum without a "back-door annexation" of Crimea, indicating that even if Russia does take Crimea, there won't necessarily be a military conflict.

Additionally, Lavrov subsequently said Russia had no plans to invade eastern Ukraine, contradicting the report out of Estonia.

Russian stocks reversed hard from early morning lows, and the Market Vector Russia ETF Trust (NYSEARCA:RSX) was a standout performer, finishing up 3.6%. German stocks also snapped a seven-session losing streak as the DAX Index (INDEXDB:DAX) rose 0.4%.

However, the VIX (INDEXCBOE:VIX) was up sharply, indicating that investors are bracing themselves for a possible move lower, and the S&P 500 (INDEXSP:.INX) finished 0.3% lower at 1841.13.

In US economic news, the March University of Michigan Consumer Confidence reading was weaker than expected at 79.9. Additionally, consumers' outlook for future economic conditions disappointed.

And February PPI rose 0.9%, missing expectations of a 1.2% gain on a decline in services prices.

Monday's Financial Outlook

On Monday, we will receive February Industrial Production and Capacity Utilization reports, as well as the March Empire Manufacturing and NAHB Housing Market Index Numbers.

There are no major earnings reports on the calendar.

Traders will largely be focused on geopolitical news related to Ukraine and Russia, which could determine whether we see a near-term trend change in US markets.

Twitter: @Minyanville

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Bulls Blink Ahead of Crimea Referendum
End of Day Roundup 03/14: Today's financial recap and tomorrow's financial outlook.
Minyanville Staff    

US stocks fell on Friday as Ukraine-related tensions weighed on traders' minds.

Coming in, Asian and European markets were down across the board with notable weakness in the Nikkei 225 (INDEXNIKKEI:NI225).

The situation in Ukraine appeared to be simmering over, with Estonia's Defense Minister reportedly saying that Russia was set to invade eastern Ukraine.

At a press conference following his meeting with Russian Foreign Minister Sergey Lavrov, Secretary of State John Kerry did not announce a favorable outcome ahead of Sunday's Crimea secession referendum, but the markets perceived the talks as somewhat constructive -- or at least not disastrous. Secretary Kerry said that Russia can respect the results of the referendum without a "back-door annexation" of Crimea, indicating that even if Russia does take Crimea, there won't necessarily be a military conflict.

Additionally, Lavrov subsequently said Russia had no plans to invade eastern Ukraine, contradicting the report out of Estonia.

Russian stocks reversed hard from early morning lows, and the Market Vector Russia ETF Trust (NYSEARCA:RSX) was a standout performer, finishing up 3.6%. German stocks also snapped a seven-session losing streak as the DAX Index (INDEXDB:DAX) rose 0.4%.

However, the VIX (INDEXCBOE:VIX) was up sharply, indicating that investors are bracing themselves for a possible move lower, and the S&P 500 (INDEXSP:.INX) finished 0.3% lower at 1841.13.

In US economic news, the March University of Michigan Consumer Confidence reading was weaker than expected at 79.9. Additionally, consumers' outlook for future economic conditions disappointed.

And February PPI rose 0.9%, missing expectations of a 1.2% gain on a decline in services prices.

Monday's Financial Outlook

On Monday, we will receive February Industrial Production and Capacity Utilization reports, as well as the March Empire Manufacturing and NAHB Housing Market Index Numbers.

There are no major earnings reports on the calendar.

Traders will largely be focused on geopolitical news related to Ukraine and Russia, which could determine whether we see a near-term trend change in US markets.

Twitter: @Minyanville

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

More From Minyanville Staff
Bulls Blink Ahead of Crimea Referendum
End of Day Roundup 03/14: Today's financial recap and tomorrow's financial outlook.
Minyanville Staff    

US stocks fell on Friday as Ukraine-related tensions weighed on traders' minds.

Coming in, Asian and European markets were down across the board with notable weakness in the Nikkei 225 (INDEXNIKKEI:NI225).

The situation in Ukraine appeared to be simmering over, with Estonia's Defense Minister reportedly saying that Russia was set to invade eastern Ukraine.

At a press conference following his meeting with Russian Foreign Minister Sergey Lavrov, Secretary of State John Kerry did not announce a favorable outcome ahead of Sunday's Crimea secession referendum, but the markets perceived the talks as somewhat constructive -- or at least not disastrous. Secretary Kerry said that Russia can respect the results of the referendum without a "back-door annexation" of Crimea, indicating that even if Russia does take Crimea, there won't necessarily be a military conflict.

Additionally, Lavrov subsequently said Russia had no plans to invade eastern Ukraine, contradicting the report out of Estonia.

Russian stocks reversed hard from early morning lows, and the Market Vector Russia ETF Trust (NYSEARCA:RSX) was a standout performer, finishing up 3.6%. German stocks also snapped a seven-session losing streak as the DAX Index (INDEXDB:DAX) rose 0.4%.

However, the VIX (INDEXCBOE:VIX) was up sharply, indicating that investors are bracing themselves for a possible move lower, and the S&P 500 (INDEXSP:.INX) finished 0.3% lower at 1841.13.

In US economic news, the March University of Michigan Consumer Confidence reading was weaker than expected at 79.9. Additionally, consumers' outlook for future economic conditions disappointed.

And February PPI rose 0.9%, missing expectations of a 1.2% gain on a decline in services prices.

Monday's Financial Outlook

On Monday, we will receive February Industrial Production and Capacity Utilization reports, as well as the March Empire Manufacturing and NAHB Housing Market Index Numbers.

There are no major earnings reports on the calendar.

Traders will largely be focused on geopolitical news related to Ukraine and Russia, which could determine whether we see a near-term trend change in US markets.

Twitter: @Minyanville

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

EDITOR'S PICKS
 
WHAT'S POPULAR