A look at the day ahead in U.S. and global markets from Mike Dolan
A stressful start to a packed week for world markets saw the U.S. dollar feed off a sour brew of geopolitical, economic policy, international trade and corporate tensions.
Even though U.S. bond markets are partly closed on Monday for the Columbus Day holiday, implied Wall St volatility gauges (.VIX) climbed again ahead of Thursday’s critical U.S. consumer price inflation reading for September and the start of the third-quarter earnings season. read more
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The VIX ‘fear index’ jumped almost 3 points to more than 33 early on Monday – its highest for the month and at a level that would mark its highest close since June if sustained later in the day. And as a fourth 75 basis-point Fed rate hike is now fully priced yet again, the dollar’s DXY index climbed again – and traders started to eye year-end trading stress…