Bobbys Corner- Open Market 1.7.2009

Written January 7, 2009 at 8:33 AM EST by  

Good Morning:

The Euro picked up overnight on speculation that the ECB will not cut their benchmark interest rates as low as other central banks.

Asian stocks rose and European equities fell.  U.S. futures are lower this morning.  Speculation that lower corporate earnings may outweigh world wide stimulus packages.

Oil:$48.50                        Gold:$859.60   

Today we have some secondary data on jobs.

The ADP report was down 693,000-this is higher than expected.
Non Farm Payroll on Friday is expected -500K.

HAVE A GREAT DAY & GOOD LUCK

 

 

 

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