Daily Note

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This week’s Art theme will be Art, Body, Mind “Mark Rothko: A retrospective”, originally shown at the MFA in Boston, MA .

Long recognized as among the foremost figures of the Abstract Expressionist vanguard, Mark Rothko embraced the possibility of beauty in pure abstraction with a painterly eloquence that gave a new voice to American art. The MFAH is the sole U.S. venue to present Mark Rothko: A Retrospective, which draws upon the unrivaled holdings of the National Gallery of Art in Washington, D.C.

Across a career spanning the most troubled years of the 20th century, Rothko (1903–1970) explored the tragic and the sublime, and his canvases remain a testament to the deep humanism he brought to modern painting. This definitive retrospective comprises more than 60 paintings that trace the artist’s full career arc, highlighting milestones in the development of his signature style.

In 1986, the National Gallery of Art was the primary recipient of what are essentially “Rothko’s Rothkos,” the paintings the artist held within his own collection at the time of his death. By bringing these works to Houston, home of the Rothko Chapel, the MFAH is able to give Museum visitors the opportunity to see the full range of Rothko’s achievement in the same city as his most acclaimed and enduring public commission.


In other markets:

In European Equity Markets the pan-European Stoxx 600 finished the session down 0.16 percent provisionally, off its session lows. The U.K.’s FTSE 100 slipped 0.32 percent, while Germany’s DAX fell 0.53 percent. France’s CAC 40 however closed just touch below the flatline. Most peripheral indexes finished in the red.  Sectors were mixed to slightly higher by the close, with technology and chemicals holding steady. Another sector that saw red was travel and leisure, with Air France KLM leading the sectoral losses amid risks of further strikes.


In Currency Markets Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity, but it remained under selling pressure. The pound traded near 13-month lows on Monday, as investors bet on continued dollar strength and uncertainty over whether Britain would secure a trade deal with the European Union before it exits the bloc. The British currency traded flat at $1.2778, a touch higher than a 13-month low of $1.2723 plumbed on Friday.


In Commodities Markets ,oil prices edged lower on Monday as troubled emerging markets and trade tensions dented the outlook for fuel demand, though U.S. sanctions against Iran could mean tighter supply ahead. Brent crude futures fell 14 cents to $72.67 a barrel. U.S. West Texas Intermediate (WTI) crude fell 29 cents to $67.34 a barrel. Futures have struggled to find a footing since Wednesday after they fell about 3 percent as a trade dispute between the United States and China escalated further and after Chinese import data showed a slowdown in energy demand.


In US Equity Markets indexes inched higher on Monday as shares of technology companies gained, offsetting a decline in the Turkish lira that weighed on shares of big U.S. lenders. The technology sector rose 0.45 percent and was the top gainer among the major S&P sectors. The S&P 500 was up 5.29 points, or 0.19 percent, at 2,838.57 and the Nasdaq Composite was up 0.27 percent, at 7,860.47. Nielsen Holdings jumped 13.5 percent, the most on the S&P 500, after activist investor Elliott Management disclosed a stake and said would push for a sale of the TV-ratings company.



In Bond Markets U.S. Treasury yields recovered from four-week lows on Monday, with concerns about a standoff with Turkey easing as U.S. assets are seen benefiting overall from any flare-up in global tensions and as economic fundamentals remained robust. U.S. 10-year yields rose to 2.884 percent from 2.859 percent late on Friday. Earlier, 10-year yields hit a four-week low of 2.848 percent. U.S. 30-year yields were also up at 3.049 percent from Friday’s 3.017 percent.

 

-R.W.N II

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