Bobbys Corner-Open Market-March.15.2010
Good Morning:
GBP was the main driver in overnight markets as Moody’s warned the UK (and US) of losing their AAA rating, The UK’s political problems and poor UK housing data also contributed to sterling’s woes.
In the Euro Zone, no political decisions have been made regarding an aid package for Greece. Greece has not asked for any direct aid as of yet. The Greek government insists it will work out it’s debt problems themselves. EU ministers begin a 2 day meeting in Brussels today to discuss the Greek debt issue.
World equity markets were mostly lower-and US futures are also pointing to a lower opening this morning.
Commodities were mostly lower-lead by metals. Concerns that China and India may restrict economic growth to curb inflation, lead to the drop.
Oil:$80.79 Gold:$1106.20
| TIME | FOR | EST | PRIOR | |||
| 8:30A.M. | EMPIRE MANUFACTURING | MARCH | 20.OO | 24.9I | ||
| 9:00A.M. | NET LONG TERM TIC FLOWS | JAN. | $63.3B | |||
| 9:00A.M. | TOTAL NET TIC FLOWS | JAN. | $60.9B | |||
| 9:15A.M. | INDUSTRIAL PRODUCTION | FEB. | 0.00% | 0.90% | ||
| 9:15A.M. | CAPACITY UTILIZATION | FEB. | 72.60% | 72.60% | ||
| 1:00P.M. | NAHB HOUSING MARKET INDEX | MARCH | 17.O | 17.O | ||
HAVE A GREAT DAY & GOOD LUCK




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