Bobbys Corner-Open Market-March.18.2010
Good Morning:
The Euro lost ground in overnight trading. It seems that the region is rethinking it’s obligation to bailout Greece, and may be moving towards having the indebted country rely on the IMF for any aid. The recent Euro rally could well be quelled for the time being-as the problems that exist between Greece and Germany seem to be greater then the marketplace anticipated.
The Greek Prime Minister set a one week deadline for the EU to come up with a rescue package for the country.
EU ministers have an upcoming summit March 25-26, and hopefully they will draft a bailout package for Greece.
ECB President Trichet, and French President Sarkozy have both ruled out any IMF involvement, stating that the EU can solve their own problems.
World equity markets were mixed-and US Futures are basicaly flat at this time.
Commodities are also lower accross the board.
Oil:$82.27 Gold:$1125.30
| TIME | FOR | EST | PRIOR | |||
| 8:30A.M. | CPI MoM | FEB. | 0.10% | 0.20% | ||
| 8:30A.M. | CPI EX FOOD & ENERGY MoM | FEB. | 0.10% | -0.10% | ||
| 8:30A.M. | CPI YoY | FEB. | 2.30% | 2.60% | ||
| 8:30A.M. | CPI EX FOOD & ENERGY YoY | FEB. | 1.40% | 1.60% | ||
| 8:30A.M. | CPI CORE INDEX SA | FEB. | 22O.463 | |||
| 8:30A.M. | CPI NSA | FEB. | 217.O43 | 216.687. | ||
| 8:30A.M. | INITIAL JOBLESS CLAIMS | 13-Mar | 455K | 462K | ||
| 8:30A.M. | CONTINUING CLAIMS | 6-Mar | 4522K | 4558K | ||
| 8:30A.M. | CURRENT ACCOUNT BALANCE | 4Q | -$119.3B | -$108.8B | ||
| 10:00A.M. | PHILADELPHIA FED. | MAR. | 18.O | 17.6O | ||
| 10:00A.M. | LEADING INDICATORS | FEB. | 0.10% | 0.30% | ||
HAVE A GREAT DAY & GOOD LUCK




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