Welcome to today’s Morning Coffee Break –despite losses last week U.S. markets are firmly in the green as market participants head into the last week of September and the final week of the 3rd quarter. Markets are in the green as well for the 3rd quarter putting markets on target to be the best year since 2009.
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 – U.S futures are indicating a lower open with fair value for the Dow Jones at -23.10, S&P 500 at -2.24 and the NASDAQ fair value at -5.84. Market participants will get to hear from two Federal Reserve officials throughout the day today.
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.
Welcome to today’s Morning Coffee Break – The Federal Reserve decisively stepped off the sidelines with a stronger than expected new round of unlimited quantitative easing (QE3) sending U.S. markets rallying. Market participants are clearly satisfied with the FMOC’s move as U.S. futures are indicating an extension of yesterday’s rally.
Asian markets begin the week off with a big bang Monday morning – Sunday evening in the U.S after the European Finance Ministers approved to provide Spain euros for a banking bailout.
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.
In our new feature, “Small-Cap Corner,” we’ll be taking a look at both popular names and hidden gems from the small-cap and micro-cap universes. Today, we’re starting with a micro-cap play from the oil services arena, a group dominated by large-caps such as Schlumberger (SLB [stock SLB]) and
Technical Screens found trouble in the energy sector.
Most of the major currency pairs continue to show significant correlations with the MSCI World Stock Index, suggesting that broad-based risk appetite trends remain dominant as drivers of price action. This puts thematic macro-level concerns – specifically, the durability of the US recovery and its ability to offset headwinds from Europe and China facing global growth – squarely at the forefront. The US economic calendar is relatively quiet, with headline event risk clustered at the end of the week as PPI and UofM Consumer Confidence readings cross the wires on Friday. This puts the onus on evaluating the extent of downward pressure.
You must be logged in to post a comment.