Nikkei futures are trading at 16,175 at present, indicating that investors expect a 175-point gain in tonight's opening in Japan. Volatility in Japan and Europe has had a significant impact on trading in the U.S. recently, elevating the importance of tracking foreign stocks. There is open interest of about 60,000 contracts. The Nikkei
gained 240 points overnight, closing at 15,891. Its recent closing high was
16,454.95 on Jan. 13.
Tony Crescenzi Blog Options Activity Shows Bearishness 1/26/2006 11:32 AM EST Treasury options underscore the recent action in the market.
Tony Crescenzi Blog Natural Gas Drawdown 1/26/2006 11:05 AM EST The amount of gas in storage declined more than expected last week, but levels are still above the five-year average.
Tony Crescenzi Blog Yield Curve No Longer Inverted 1/26/2006 10:05 AM EST The recent move in treasuries has steepened the curve.
Tony Crescenzi is the chief bond market strategist at Miller Tabak + Co., LLC, and advises many of the nation's top institutional investors on issues related to the bond market, the economy and other macro-related issues. At the request of the Federal Reserve, Crescenzi is a regular participant in the board's Livingston Survey of economic forecasters. He is also the author of The Strategic Bond Investor. At the time of publication, Crescenzi or Miller Tabak had no positions in the securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Crescenzi also is the founder of Bondtalk.com, a popular Web site covering the bond market and the economy. Crescenzi appreciates your feedback; click here to send him an email.
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