Posts Tagged ‘Greece’

As European equities climb higher on Friday, the US stock market is looking to open on a positive note following a late rally yesterday. Dow futures are up 27 points to 11,095 and S&P 500 futures are up 4.25 points to 1,1206. The 2 year Treasury note is -0-01 at 99-29 yielding 1.049% and the 10 year Treasury note is -0-09 at 98-17 yielding 3.803%. The FN 4.5 mortgage-backed security coupon is -0-06 at 100-01. Commodity prices are slightly weaker with WTI crude oil down 15 cents to $83.55 per barrel, while Spot Gold is trading $1.60 lower at $1,139.90. Euro stocks were raised after Greek Minister George Papandreou officially asked for the €45 billion rescue package administered by the IMF and European Union to be activated . Moreover, the German Ifo index of business condition jumped...(read more)

Global equities are mostly higher Monday including gains of more than 2% in Japan and Hong Kong. In Europe, where George Provopoulos, governor of the Bank of Greece, recently said he had “full confidence” in dealing with the deficit, stocks are more mixed but on the whole still positive. In the the US, equities are looking to a positive open. The schedule includes plenty of fresh data later in the week, but the focus this morning will be on testimony from Ben Bernanke, chairman of the Federal Reserve. 90 minutes before the opening bell, Dow futures are trading 51 points higher at 10,429 and S&P 500 futures are up 5.90 points to 1,112.10 Over the past five trading days the Dow climbed 3.9% and S&P 500 gained 4.03%. Also, NYMEX crude oil is up 43 cents to $80.24 per barrel...(read more)