Bobbys Corner-Open Market-Nov.24,2009
Good Morning:
The Euro gained overnight as the IFO survey of business sentiment data from Germany printed better than expected.
The marketplace feels that the ECB will keep interest rates at the 1% level thru most of 2010.
Asian equity markets were lower, and European stocks are higher at this time. US Futures are pointing to a higher opening this morning. Banks stocks are weaker as speculation mounts that they are still in need of more capital.
US Treasury markets is little changed.
Oil:$77.44 Gold:$1169.00
Today’s data:
GDP-Q3 exp: 2.9& prior: 3.5%
Case/Shiller: exp: -9.2% prior: -11.32%
Cons Conf: exp: 47.5 prior; 47.7
Rich Fed: exp: 9.0 prior: 7.0
2:30 PM- Minutes of FOMC Nov 4 meeting
HAVE A GREAT DAY & GOOD LUCK
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