Posts Tagged ‘wti crude oil’

Global equities are rallying and the U.S. is no exception. Ninety minutes before the opening bell, Dow futures are up 80 points to 10,77 and S&P 500 Futures are 9.50 points higher at 1,098.75. Last week, the Dow climbed 2.81% and the S&P rose 2.51%. The 2-year Treasury note yield is 3.6 basis points higher at 0.77% and the 10-year Treasury note yield is up 7.5 basis at 3.31%. Also, WTI crude oil is up $1.62 to $ 75.40 per barrel and Spot Gold is up $0.65 to $1,227.35. The Week Ahead Monday: Morning ― James Bullard , president of the St. Louis Federal Reserve, speaks in Tokyo at the Institute of Regulation and Risk of North Asia. Treasury Auctions: 11:30 ― 3-Month Bills 11:30 ― 6-Month Bills Tuesday: 6:15 ― James Bullard , president of the St. Louis Federal Reserve, speaks on asset bubbles...(read more)

Global markets were mixed overnight but domestic stock futures are higher as investors wait for the latest economic assessment from Federal Reserve chairman Ben Bernanke. Ninety minutes before the opening bell, Dow futures are up 51 points to 9,965 and S&P 500 futures are 7.50 points higher at 1,066.75. The 2-year Treasury note is 2 basis points higher in yield at 0.766% while the benchmark 10-year note yield up 3.1 basis points to 3.222%. WTI crude oil is up $0.82 to $71.81 per barrel, but Spot Gold is down $0.48 to $1,236.07. China’s Shanghai index closed up 2.78%, but Japan’s Nikkei fell 1.04%. In Europe, stocks are mostly higher with London’s FTSE 100 up 0.28%, the CAC up 0.86%, and the DAX +0.90% Last night, Kansas City Fed President Thomas Hoenig said the central...(read more)

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)

Overseas markets are in sell-off mode with England’s FTSE 100 falling 2.08% and Germany’s DAX dropping 1.64%. The biggest data news overnight was a weaker-than-anticipated reading for the China’s manufacturing PMI, which came in at 53.9 in May, down from 55.7 in April. “Markets are concerned that tightening measures in China will slow growth in the economy that is critical for commodity prices and cyclical sector sectors of the equity market, and this number certainly doesn’t help already fragile sentiment,” said economists at BMO Capital Markets. Two hours before the opening bell, Dow futures are down 115 points to 10,011 and S&P 500 futures are off 14.20 points to 1,074.30. Commodity prices are mostly under pressure, with WTI crude oil down $0.29 to...(read more)

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)

The broad stock market rally from yesterday appears to have fizzled out this morning, as equity futures are looking sharply lower ahead of a quiet data in new economic data. The S&P 500 jumped 4.4% yesterday as domestic stocks had their best single-day performance almost 14 months. This morning, however, optimism that a $1 trillion package for Europe is in place has been replaced by questions about how effective it will be. Ninety minutes before the opening bell today, Dow futures are down 81 points to 10,660 and S&P 500 futures are off 10.90 points to 1,145.70. The 2 year Treasury note yield is 4 basis points lower at 0.82% and the 10 year note yield is 5.7 basis points lower at 3.48%. WTI crude oil is down $1.17 to $75.63 per barrel, but Spot Gold is up $13.20 to $1,216.30. Key Events...(read more)

Stock futures are recovering a portion of yesterday's losses this morning after a sharp sell-off in the final hour of trading Tuesday. No major economic data is scheduled for release, so investors will be devoting their attention to events in Europe until the Federal Reserve releases its latest monetary policy statement in the mid-afternoon. Two hours ahead of the opening bell, Dow futures are up 28 points to 10,983 and S&P 500 futures are trading 3.75 points higher at 1,184.75. The 2 year Treasury note is -0-02 at 99-30 yielding 1.028% and the 10 year note is -0-11 at 99-03 yielding 3.734%. Commodities, by contrast, are pointing downwards: WTI crude oil is off 38 cents to $82.06 per barrel, while Spot Gold is off $3.95 to $1,163.90. In yesterday’s session, the Dow shed 213 points...(read more)

Stock futures are off this morning as the Federal Reserve prepares to begin its two-day monetary policy meeting and Goldman Sachs readies for a Senate Subcommittee investigative hearing. Ahead of the opening bell, Dow futures are off 11 points to 11,140 and S&P 500 futures are trading 4.25 points lower at 1,204. The 2 year Treasury note is +0-01 at 99-30 yielding 1.029% and the 10 year Treasury note is +0-09 at 98-28 yielding 3.774%. Commodities are also pointing downwards: WTI crude oil is off $1.02 to $83.18 per barrel, while Spot Gold is off $2.40 to $1,151.10. Key Events Today: 9:00 ― A watershed moment is expected to be seen in the S&P Case-Shiller Home Price Index for February. Economists expect the index to see year-to-year home prices increase for the first time in 37 months...(read more)

Stock markets are looking to open the final week of April looking up after the benchmark S&P 500 added 2.1% last week. Positive earnings results were the main driver of those gains “as a whopping 84% of S&P 500 companies so far ... have beaten expectations,” said economists at BMO Capital Markets. They noted that the historical norm is just 66%. One hour ahead of the opening bell on Monday, Dow futures are up 33 points to 11,175 and S&P 500 futures are trading 2.25 points higher at 1,214.50. The 2 year Treasury note is +0-01 at 99-29 yielding 1.045% and the 10 year note is +0-06 at 98-20 yileding 3.794%. The commodities picture is mixed: WTI crude oil is up 32 cents to $85.35 per barrel, while Spot Gold is off $1.60 to $1,156.00. In terms of economic data, the week opens...(read more)

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)