Markets Hold Losses as “Bad News is Bad News” Dynamic Returns
Risk appetite remains weaker across the financial markets this morning after a slew of data releases pointed to a slowdown in the world’s largest economy. Equity futures are setting up for more selling at the open, commodity prices are down, and ten-year Treasury yields are back to levels last hit in September. The Canadian dollar is experiencing a bout of round-number bias, clinging to the 1.35 mark after dropping nearly a cent during yesterday’s trading session. According to the latest numbers published yesterday, US retail sales fell a seasonally-adjusted 1.1 percent in December from the prior month, and were revised...