Bobbys Corner-Open Market-Feb.25.2010
Good Morning:
The Euro dropped as Moody’s Investor Service and S&P said they may cut Greece’s rating. Sovereign debt issues are a rising concern for investors, and may put upward pressure on interest rates in other developed countries.
Fed Chairman Bernanke continues his speaking engagement in front of Congress, and yesterday reiterated his stance on keeping interest rates low to keep the economy on the road to recovery.
World equity markets are lower-and US Futures are also pointing to a lower opening this morning.
Oil:$79.29 Gold:$1091.50
| TODAY’S RELEASES | |||||||
| TIME | FOR | EST | PRIOR | REVISED | |||
| 8:30A.M. | DURABLE GOODS ORDERS | JAN. | 1.40% | 0.30% | 1.00% | ||
| 8:30A.M. | DURABLES EX TRANSPORTATION | JAN. | 1.00% | 0.90% | 1.40% | ||
| 8:30A.M. | INITIAL JOBLESS CLAIMS | FEB.20 | 460K | 473K | |||
| 8:30A.M. | CONTINUING CLAIMS | FEB.13 | 4570K | 4563K | |||
| 10:00A.M. | HOUSE PRICE INDEX MoM | DEC. | 0.40% | 0.70% | |||
HAVE A GREAT DAY & GOOD LUCK




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