Morning Movers: Tesla Rises on Target Increases; Canadian Solar Sinks

Morning Movers: Tesla Rises on Target Increases; Canadian Solar Sinks
Stocks look set to bounce back from last-week’s losses as North Korea tensions appeared to ease. S&P 500 futures have risen 0.6%, while Dow Jones Industrial Average futures have advanced 0.5%. Nasdaq Composite futures have gained 0.6%. Tesla (TSLA) has risen 1.6% to $363.60 after getting its target price raised at Morgan Stanley and Baird. Magna Internationa l (MGA) has... Read More

Why the U.S. Dollar Can't be Saved by CPI Alone

Why the U.S. Dollar Can't be Saved by CPI Alone
The most important event risk for the U.S. dollar this week is Friday’s inflation report but consumer prices alone won’t be enough to save the dollar.  USD/JPY is falling because of geopolitical risks and less hawkish comments from Federal Reserve officials.  This morning FOMC voter Dudley joined the chorus of U.S. policymakers expressing concern about low inflation.  He said it... Read More