Bobbys Corner-Open Market-Feb.18.2010
Good Morning:
The greenback rallied overnight as Euro Zone officials fight over the details of any bailout for Greece. It seems that there is a major rift between EU Finance Ministers in regards to how much, if any, funds should be available to assist Greece with their budget deficit. Greek bonds fell as EU regulators are investigating possible use of swaps with banks to conceal the debt problem.
Also helping the USD is speculation that the Federal Reserve may be one of the first major central banks to remove some of the stimulus measures that have been in place. The speculation is fueled by investors who feel that the US economy is on the road to recovery.
World equity markets are higher, and US Futures are slightly lower at this time.
Commodities are also lower this morning.
Today’s data:
| TIME | FOR | EST | PRIOR | |||
| 08:30AM | PRODUCER PRICE INDEX (MoM) | JAN | O.8% | 0.20% | ||
| 08:30AM | PRODUCER PRICE INDEX (YoY) | JAN | 4.40% | 4.40% | ||
| 08:30AM | PPI EX FOOD & ENERGY (MoM) | JAN | 0.10% | 0.00% | ||
| 08:30AM | PPI EX FOOD & ENERGY (YoY) | JAN | 0.80% | 0.90% | ||
| 08:30AM | INITIAL JOBLESS CLAIMS | FEB 13 | 438K | 440K | ||
| 08:30AM | CONTINUING CLAIMS | FEB 6 | 4500K | 4538K | ||
| 10:00AM | PHILADELPHIA FED. | FEB | 17.O | 15.2O | ||
| 10:00AM | LEADING INDICATORS | JAN | O..5% | 1.10% | ||
HAVE A GREAT DAY & GOOD LUCK
Loading ...
No Responses to “Bobbys Corner-Open Market-Feb.18.2010”
Add a comment