Breaking News – ADP Numbers Out
Payrolls processor Automatic Data Processing says private-sector jobs
Stocks
Imperial Sugar Agrees to be Acquired (IPSU)
Louis Dreyfus Commodities LLC to buy Imperial Sugar Co (IPSU, quote). Imperial Sugar has agreed to be purchased by company Louis Dreyfus Commodities LLC via an all cash agreement that values the sugar refiner roughly at $78 million.
Rise in German Unemployment Further Discourages Euro Investors
THE TAKEAWAY: German unemployment rises by 19K, despite expectations for 10K fall -> positive labor market trend was said to have been outweighed by slowdown of economic momentum -> Euro drops as weak PMI manufacturing also comes in
A Deeper Look Into the ISM Manufacturing Report
The ISM Manufacturing Index climbed in April to a level of 54.8 from 53.4 March, beating analysis expectations. In fact expectations were for decline to 53.0 levels. While the Price Paid Index held at 61.0 for the month.
Breaking News
Breaking news at the open.
Economic Data On Deck
Today economic data releases are relativity light today. Release schedule for today are as follow:
Before The Market
Futures Ahead of the Open S&P fair value: +0.20 NASDAQ fair value: +1.00 Europe volume will be limited with May Day holiday, however, the UK’s FTSE will be open for trading. Currently up 0.39%. UK Manufacturing PMI fell to 50.5 on a downwardly revised 51.9 for the prior month.
US Dollar Set to Bounce vs Euro as Markets Trade in Range
The US Dollar (ticker: USDOLLAR) is set to bounce off of recent range lows against the Euro, Japanese Yen, and other major counterparts as forex market volatility suggests range trading will be the top strategy in the week ahead. DailyFX Individual Currency Pair Conditions and Trading Strategy Bias
Breaking News – Coca Cola May Buy Monster Beverage
Shares of may buy the company.
Breaking News
This morning saw a flurry of economic data pushing the U.S. markets around ahead of the Friday’s Non-Farm Payroll
You must be logged in to post a comment.