Posts Tagged ‘morning’

U.S. stocks look to recover slightly this morning after a miserable day yesterday. The S&P 500 fell 14 points to a seven-month low of 1,050; since April 26 the index has lost nearly 14% of its value. Ninety minutes before the opening bell, Dow futures are up 25 points to 9,819 and S&P 500 futures are 4.40 points higher at 1,052.40. The 2 year Treasury note yield is 2 basis points higher at 0.738% and the benchmark 10 year Treasury note is +4 basis points at 3.186% WTI crude oil is down $0.32 to $71.12 per barrel, but Spot Gold is up $7.73 to $1,247.98. Global equities are mixed. Stocks in Asia are up between 0.09% (China) to 0.56% (Hong Kong), but stocks in Europe are worse off with the FTSE 100 and CAC-40 off 0.91% and 0.90%, respectively. No U.S. data will hit the markets this morning...(read more)

Equity futures are sharply lower this morning ahead of several key data points for the U.S. “The whiff of uncertainty is still in the air on this Friday morning, ahead of a handful of U.S. economic data,” said economists at BMO. “Indeed, with the slew of data from Europe and China now out of the way this week, the focus returns squarely on North America and, in particular, the U.S.” Ninety minutes before the opening bell, Dow futures are off 64 points to 10,709 and S&P 500 futures are down 11.50 points to 1,145.25. The 2 year Treasury note is 2.5 basis points lower at 0.81% and the benchmark 10 year Treasury note is 3.6 basis points lower at 3.502%. The Fannie Mae 4.5 MBS coupon is +0-04 at 101-11. Meantime, the euro fell to as low as $1.2433USD overnight, its worst...(read more)

After volatile trading that ended positive yesterday, markets are looking for further gains this morning ahead of key housing data. 90 minutes before the bell, Dow futures are up 15.00 points to 10,844 and S&P 500 futures are 2.00 points higher at 1,170.75. Meantime, WTI crude oil is up 6 cents to $82.23 per barrel, and Spot Gold is up almost a dollar to $1,110.70. Reversing earlier losses, the dollar index came off a 4-day low overnight, though it remains relatively soft this morning. Earlier in the day, Chicago Fed President Charles Evans told Bloomberg TV the unemployment rate could remain higher than 9% for the rest of the year. He also said the FOMC statement’s use of the words “extended period” for accommodative policy suggests no change for a six month period. In...(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)