It seems like the U.S. markets are likely to see a sloppy start after Friday's sessions,
In that environment, markets could retest lows, but if we get the policy response then we'll get more of a rally.
It looks like the worse the outlook for corporate profits the better it's becoming for investors who are beginning to sense that perhaps the central bank will not raise interest rates again.
Markets in Europe moved down after a turnaround in the U.S. markets. The good news was that the Bank of England cut interest rates at the same time other European bourses and the Bank of Japan joined in.
All eyes are on the Fed's decision expected later today (Wednesday). We've seen some downward pressure, especially on some of the telecom names, particularly France Telecom, and in also on some German stocks. But the main driver has been what happens with the Fed decision today,
Retail results will also be closely watched. One other factor we're watching related to oil is the effect the high prices could have on consumer spending.
The Royal Dutch/Shell story could be a drag on the sector today.
Earnings data is very strong. The numbers that are coming out are very much in line or above expectations.
We've seen a lot of bad news emerge from the U.S., ... and it's likely to continue with regard to European companies.
We've had very sharp moves both in the U.S. and international markets,
