Stocks are looking to bounce on the open this morning after a sell-off yesterday that was fueled by fears out of North Korea and San Francisco Fed President Williams suggesting that the quantitative easing (QE) efforts by the Fed could end at some point this year.
Morning Notable Headlines
- The yield on a bond auction in France came in at a record low for their 10-year paper. The 2 billion Euro auction yielded 1.94%, down from 2.1% in the previous sale. This is surprising considering the French economy has yet to turn around.
- Related ETFs: iShares France ETF ($EWQ)
- The Nikkei was last up over 3% after the BOJ meeting in which they are set on fighting deflation. The open-ended plan to buy government bonds of all maturities has the Yen falling and stocks rallying.
- Related ETFs: WisdomTree Japan Hedge Equity ETF ($DXJ) and Rydex CurrencyShares Japanese Yen ETF ($FXY)
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