Stock Market Calm, China Stimulus and Swiss Rates, Company News
Stock market news
• Small caps and Value were noticeably weak yesterday. Semiconductors are rising this morning after a good MU report, which is pulling up QQQ and the broader market. Asian stocks continue to rally strongly. Central bank monetary stimulus is keeping investors optimistic. The US dollar has regained its losses on Tuesday. As well as oil, it has given up Tuesday's gains.
• U.S. new home sales fell 4.7% m/m in August after rising sharply the previous month.
• The Swiss National Bank (SNB) was due to make a rate decision, as well as a series of speeches by officials from...