Bobbys Corner-Open Market-Aug.21.2009
Good Morning:
Better than expected service data from Germany along with increased manufacturing data from France fueled the Euro in overnight trading.
Positive data reinforces speculation that the global meltdown is easing.
News overnight that China will be instituting tighter bank lending practices left the Asian session mixed. The positive news from the EuroZone has added to the Euro and pushed equities higher.
US Futures are also higher this morning. Metals and oil are also higher.
Oil:$73.94 Gold:$944.50Today’s data:
Existing Home Sales: exp: 4.99M prior: 4.89M
HAVE A GREAT DAY-GREAT WEEKEND & GOOD LUCK




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