Strategies

U.S. Stock Market

Futures are suggesting the markets could build on yesterday’s bounce.  Futures are up ahead of the open with S&P fair value at +13.00 and NASDAQ fair value at +21.80.

Breaking News  - China Rate Decision

Breaking News China and England Rate Decisions

Today's Key Economic Data

Today the economic calendar is jammed packed with key market moving data, that will have traders watching closely.

Breaking News - Federal Reserve Vice-Chair Yellen

Breaking News Federal Reserve Vice-Chair Yellen, said today the Federal Reserve has room to provide further accommodation and highlighted that there are substantial risks to the U.S. economic outlook.

Mario Draghi, President of the ECB Statement

Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged. While inflation rates are likely to stay above 2% for the remainder of 2012, over the policy-relevant horizon we expect price developments to remain in line with price stability. Consistent with this picture, the underlying pace of monetary expansion remains subdued. Inflation expectations for the euro area economy continue to be firmly anchored in line with our aim of maintaining inflation rates below, but close to, 2% over the medium term

Breaking News - Chesapeake Energy CHK

Break News -Chesapeake Energy’s (CHK, [stock CHK]) board of director shakeup. Four directors resign and one retires. Allowing either Icahn or a Icahn representative to be named to the board. Chesapeake Energy’s CEO McClendon will remain the companies CEO.    

Ford 67 fastback mustang

U.S. auto manufactures continues to improve with all U.S. manufactures posting double digit sales gains for the month of May although shy of analyst’s expectations. Ford Motor Company [F, $[stock F] sales rose 21% for the month of May falling short of both Barclays and Edmunds.com expectations.

European Investor Confidence Falls to 3-Year Low

European investors’ optimism for the Eurozone has reached a 3-year low according to a Sentix survey. The Sentix investor confidence for June came in at -28.9, the lowest score since May 2009, but still better than analysts’ expectations for a -30.0 survey result. Back in March of this year, the survey reached a six month high at -8.2, before the survey results declined for the next four straight months.