Bobbys Corner-Open Market-4.9.2009
Good Morning:
As expected the BOE left interest rates unchanged-and reiterated that they will continue to buy UK Gov’t bonds to fight the ongoing recession. The USD and JPY weakened overnight-as equities gained and market participants looked for riskier assets.
The Good Friday/Easter holiday will see most of the world (except the US) closed both Friday and next Monday.
Equities and commodities rose as speculation that the rescue plans for financial firms are getting traction and starting to work. US Futures are also higher this morning.
Oil:$50.81 Gold:$884.50
Today’s Data:
Trade Balance: exp: -$36.6B prior: -$36. B
Import price Ind: exp: 1.00% prior: -.2%
Jobless Claims: exp: 665K prior: 669K
HAVE A GREAT DAY & GOOD LUCK




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