Welcome to today’s Morning Coffee Break – traders had a case of Deja vu yesterday as the U.S. markets traded similar to last week ahead of the European Central Bank (ECB) and U.S Federal Reserve meetings. U.S. futures are indicating a positive opening today with the Dow Jones fair value of 30.36, S&P 500 fair value of 2.33 and the NASDAQ’s fair value currently at 5.37.
Crude oil continue to moved lower in today’s session on fear of global economic growth and worries about Spanish debt crisis spinning out of control. Energy traders as well traders of growth commodities became cautious on Monday when Federal Reserve Bank of New York index was reported to have fallen to -10.4 for the month of September hitting a 3 year low. The previous months reading was -5.8 with analysts’
Welcome to today’s Morning Coffee Break – On the first day of trading this week traders are waking up to lower futures in the U.S. stock indexes after last week’s rally sparked by the Federal Reserve’s aggressive new round of quantitative (QE3) easing last week Thursday.
WTI Crude Oil prices crossed the $100 market for the first time since May 3rd on 3 catalysts ranging from the Federal Reserve’s announcement of an aggressive QE3 to the unrest in the Middle East and North Africa. September Crude Oil contracts traded as high as $100.42 before pull back under the $100 level to $99.50 on possible profit taking going into the weekend, however, remains well supported as tensions
Below are Wednesday’s trending equities ahead of the opening bell.
Breaking News – U.S. Import Prices
Below are Tuesday’s trending equities ahead of the opening bell.
Trending Stocks Ahead of the Bell for June 26, 2012
April 30, 2012 first day of the trading week is starting out in the pre-market very active.
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