Financial stress in the US economy has ticked lower in recent weeks after jumping to a four-year high in February. The Cleveland Fed’s multi-factor benchmark is still elevated by historical standards, but this daily measure of distress in the financial system has fallen moderately through most of this month to date. Risk levels have also […]

Goldman Sachs analyst Salveen Richter downgraded Dimension Therapeutics (DMTX) to Neutral saying other names in the sector offer better near-term opportunities. The analyst views Dimension as well-positioned in the gene therapy space, however. He lowered his price target for the shares to $10 from $12. Richter this morning also initiated SAGE Therapeutics (SAGE) with a […]

The major currencies were little-changed against the US Dollar in overnight trade as markets digested the prior session’s volatility. The greenback fell by the most in two weeks against its top counterparts following comments from Fed Chair Janet Yellen that traders perceived as diminishing the scope for interest rate hikes in 2016. The priced-in probability for tightening at the […]

While we are sure this will not deter Japanese officialdom from declaring that QQE and NIRP is working and that the deflation-mindset is being beaten, the fact is that when February’s 6.2% collapse in Japanese industrial production is compared to the devastatingly poor plunge after March 2011’s quake, tsusnami, and nuclear ‘event’, something has gone disastrously […]

Crude oil prices cut losses late in New York session after data showed a smaller than expected build in crude inventories. The American Petroleum Institute published an inventory figure of 2.6 million barrels in the week to March 25, compared with 3.3 million barrels expected. Gold prices jumped to a daily high of $1243.1 after hitting a one-month low on Monday as buying interests returned after Federal Reserve […]