Posts Tagged ‘France’

Equity markets dropped at the final hour yesterday when news reports indicated that China was reluctant to buy European debt. This morning the reverse has happened: global equities are up and stock futures are sharply higher after China called Europe a key investment market. Ninety minutes before the opening bell, Dow futures are up 184 points to 10,105 and S&P 500 futures are 24.80 points higher at 1,086.00. WTI crude oil is up $1.83 to $73.34 per barrel, and Spot Gold is up $1.50 to $1,213.30. Stocks in China, Japan, and Hong Kong are all up more than 1%, while London’s FTSE 100 is up 1.86% and France’s CAC-40 is up 2.10%. Key Events Today: 8:30 ― Revised data is anticipated to kick up GDP from 3.2% to 3.5% in the first quarter, following a much-stronger 5.6% leap in Q4 2009...(read more)

In the footsteps of weak global markets, US equity futures are sharply lower this morning, further subtracting from yesterday’s losses. In Asia, Japan’s Nikkei closed 1.10% lower while Chinese stocks fell 0.94%. Results are similar in Europe where London’s FTSE 100 is currently 1.08% down and France’s CAC 40 is down 1.63%. “Across-the-board risk aversion was the theme overnight, with global equity markets almost uniformly lower as worries about Greece and some soft data are weighing,” said Benjamin Reitzes from BMO Capital Markets. 90 minutes before the bell, Dow futures are down 42 points to 10,807 and S&P 500 futures are off 5.75 points to 1,173.25. In the bond market, the 2 year note is +0-01 at 99-29 yielding 1.04% and the 10 year Treasury note is...(read more)

Equity futures are firmly lower this morning following a mixed session yesterday. The Dow looks to open 31 points lower at 10,507 while futures on the S&P 500 are off 4.25 points to 1,132.75. “The mood in global markets is towards risk aversion with no apparent trigger,” said Benjamin Reitzes from BMO. MND's Adam Quinones says weakness in stocks and the flight to quality into Treasuries is a factor of overnight news from Fitch Ratings that warned against a downgrade of the credit ratings of the United Kingdom, France, and Spain. Confirming that risk isn’t on the table this morning, WTI crude oil is down $1.25 to $80.62 per barrel, and Spot Gold is trading $6.32 lower at $1,117.23. As one would expect, the US dollar is stronger against a broad array of currencies. The...(read more)

Equity futures are moderately higher ahead of a fairly light week of economic data. Dow futures are trading 18 points higher at 10,563 and S&P 500 futures are up a 2 points to 1,138. Commodities are also edging slightly higher with WTI crude oil up 33 cents to $81.83 per barrel and Spot Gold up 54 cents to $1,135.19. Meantime, the US dollar is a bit lower against the euro since France’s Nicolas Sarkozy said the continent would help Greece: “if it were necessary, the states of the euro zone would fulfill their commitments.” In terms of data the week ahead doesn’t quite begin until Wednesday afternoon when the Treasury releases its budget statement. On Thursday, weekly jobless claims will be accompanied by the monthly trade balance. Friday’s retail sales index...(read more)