Bobbys Corner-Open Market-March.1.2010

Written March 1, 2010 at 8:15 AM EST by  

Good Morning:

The GBP slid below $1.50 for the first time in 10 months, as polls show that the Tories have the smallest lead over the Labour Party in more than 2 years-thus any legislation to assist the economy may get stalled in Parliament.
On another note-the JPY fell as investors look for higher-yielding assets.
The Euro continues to be under pressusre as the debt issues that are hurting Greece may (are) spead to other Souhern European countries.

World equity markets rose-and US Futures are pointing to a higher oipening this morning.

Oil:$79.57 Gold:$1112.70

TODAY’S RELEASES
TIME FOR EST PRIOR
8:30A.M. PERSONAL INCOME JAN. 0.40% 0.40%
8:30A.M. PERSONAL SPENDING JAN. 0.40% 0.20%
8:30A.M. PCE DEFLATOR (YoY) JAN. 2.20% 2.10%
8:30A.M. PCE CORE (MoM) JAN. 0.00% 0.10%
8:30A.M. PCE CORE (YoY) JAN. 1.40% 1.50%
10:00A.M.ISM MANUFACTURING FEB. 57.8O 58.4O
10:00A.M.ISM PRICES PAID FEB. 68.1O 70.O
10:00A.M.CONSTRUCTION SPENDING JAN. -0.50% -1.20%

HAVE A GREAT DAY & GOOD LUCK

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