Bobbys Corner-Open Market-Sept.2.2010
Good Morning:
A fairly stable overnight session brought no new surprises to the market. The GBP lost some steam as UK housing showed a larger than expected drop in prices. EZ data showed that GDP in the region printed at 1%-as expected.
The ECB left key interest rates unchanged, which was expected. The ECB may keep themselves in “crisis mode” till next year-as the economy is still too fragile to take away any of the stimulus measures that are in place.
All eyes will be on Friday morning’s US jobs data. Data due out at 8:30 AM Sept. 3.
Asian equity markets were higher-Europe is mixed, and US Futures are marginally higher at this time.
Oil:$73.49 Gold:$1249.50
| TIME | FOR | EST. | PRIOR | |||
| 7:45A.M. | ECB RATE DECISION | |||||
| 8:30A.M. | ECB PRESS CONFERENCE | |||||
| 8:30A.M. | NONFARM PRODUCTIVITY | 2QF | -1.90% | -0.90% | ||
| 8:30A.M. | UNIT LABOR COSTS | 2QF | 1.20% | 0.20% | ||
| 8:30A.M. | INITIAL JOBLESS CLAIMS | 28-Aug | 475K | 473K | ||
| 8:30A.M. | CONTINUING CLAIMS | 21-Aug | 4440K | 4456K | ||
| 10:00A.M. | FACTORY ORDERS | JULY | 0.30% | -1.20% | ||
| 10:00A.M. | PENDING HOME SALES MoM | JULY | -1.00% | -2.60% | ||
| 10:00A.M. | PENDING HOME SLAES YoY | JULY | -20.10% | |||
| 10:30A.M. | ICSC CHAIN STORE SALES YoY | AUG. | 2.80% | |||
HAVE A GREAT DAY & GOOD LUCK




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