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The Day Ahead: Trade Balance, Fed Speak, Treasury Auction

With investors still believing a bailout package will be structured for Greece, global equity markets are trading higher while stock futures at home are pointing upwards but well off their early morning highs. One hour ahead of the bell, Dow futures are up 2 points to 10,006 while futures on the S&P 500 are up 0.20 to 1,066 after being up 3.50 points just one hour ago. Treasuries are marginally improved following heavy losses yesterday ― the benchmark 10-year note is at 3.62% moving up four basis points yesterday. Commodities are mixed but generally higher. WTI Crude is up 1 cent to $73.76 per barrel, and Gold is $1.20 higher to $1,078. The dollar is receiving support ahead of the release of the text of testimony expected to be read by Federal Reserve chairman Ben Bernanke's which could...(read more)

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