Ahead of the Thursday’s Opening Bell
U.S. futures take it on the chin after the U.S. weekly jobs report
Futures
Breaking News – Jobless Claims
U.S. J0bless Claims
Breaking News – Wal-Mart Earnings
Wal-Mart reports earning ahead of the bell.
Market Wrap Up
This stock market has problems. Problems indeed! With what appeared to be an oversold bounce this morning was shattered on more negative news from the ECB cutting funding to certain Greece’s banks not to mention the FOMC statement about highlighting several members saw the need for additional stimulus causing the bulls packing once again.
Aussie and Euro Hit Fresh Lows but Rebound Ahead of Fed Minutes
After Greek leaders announced that they failed to form a government, guaranteeing at least one more round of elections, higher yielding currencies and risk-correlated assets entered a free fall. The EURUSD fell to its lowest level since January 17 overnight while the AUDUSD dropped to its lowest level since December 15. Similarly, global equity markets have sold off sharply in the aftermath, with Asian shares being hit the hardest.
Breaking News – Fed Minutes
Breaking News – Fed Minutes
Breaking News – Housing Starts
Breaking New April’s housing starts are out:
Breaking News – Consumer Economic Data Results.
Consumer Economic Data Results.
Global Economy Vulnerable As Risk Off Headlines Widespread
JP Morgan losses seriously diminish credibility in banking sector Political saga in Eurozone continues to shake investor confidence China economic data disappoints and weighs further on risk correlated assets Commodity bloc and emerging market FX exposed German; UK inflation mixed The intense risk-off price action that we saw over the past several sessions looked like it might be poised for reprieve into North America on Thursday, before markets got wind
Breaking News – Markets Open Lower
Stocks opened lower Monday following elections in France and Greece over the weekend.