Bobbys Corner-Open Market-March.16.2010
Good Morning:
Euro Zone finance ministers worked out a bailout program for Greece. The program is of emergency loans, should the austerity plan of lowering wages and raising taxes does not do enough to reign in the Greek budget deficit.
Also- a report that showed German investor confidence dropped less than expected also helped ther Euro in overnight trading.
The FOMC will announce their rate decision at 2:15 PM (NY Time). Interest rates are expected to be kept at record lows to sustain the economic recovery.
World equity markets rose, as the EU comes up with a plan for Greece, and that the US will keep interest rates steady.
US Futures are also pointing to a higher opening this morning.
Oil:$80.02 Gold:$1113.20
| TIME | FOR | EST | PRIOR | REVISED | |||
| 8:30A.M. | MPORT PRICE INDEX MoM | FEB. | -0.20% | 1.40% | |||
| 8:30A.M. | IMPORT PRICE INDEX YoY | FEB. | 11.30% | 11.50% | |||
| 8:30A.M. | HOUSING STARTS | FEB. | 570K | 591K | |||
| 8:30A.M. | HOUSING STARTS MoM | FEB. | -3.60% | 2.80% | |||
| 8:30A.M. | BUILDING PERMITS | FEB. | 610K | 621K | 622K | ||
| 8:30A.M. | BUILDING PERMITS MoM | FEB. | -1.90% | -4.90% | -4.70% | ||
| 2:15P.M. | FOMC RATE DECISION | ||||||
HAVE A GREAT DAY & GOOD LUCK




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