Bobbys Corner-Open Market-April.19.2010
Good Morning:
The USD and JPY were both stronger in overnight trading-as Greece’s continued debt issues still are on the front page-and will be for the immediate future. The Greece/EU/IMF meeting that was scheduled this week-has been put off due to the volcanic ash that has closed airspace throughout Europe. The yield spread between German and Greek bonds (the premium investors seek to purchase Greek bonds) is 455 basis points- the spread peaked at 470 basis points on April 8.
World equity markets fell, and US Futures are also lower this morning.
Calls for regulatory probes on Goldman Sachs, along with Airlines shares taking a beating, as volcanic ash from Iceland keeps airspace closed for a fifth day.
Commodities are also trading lower.
Oil:$81.02 Gold;$1130.40
| TIME | FOR | EST | PRIOR | REV. | |||
| 8:30A.M. | HOUSING STARTS | MAR. | 610K | 575K | |||
| 8:30A.M. | HOUSING STARTS MoM | MAR. | 6.10% | -5.90% | |||
| 8:30A.M. | BUILDING PERMITS | MAR. | 625K | 612K | 637K | ||
| 8:30A.M. | BUILDING PERMITS MoM | MAR. | -1.90% | -1.60% | 2.40% | ||
| 9:55A.M. | U.OF MICHIGAN CONFIDENCE | APRIL | 75.O | 73.6O | |||
HAVE A GREAT DAY & GOOD LUCK
Bobbys Corner-Open Market-Nov.11.2009
November 11, 2009 by Bob Slade · Leave a Comment
Good Morning:
Today is Veteran’s Day in the US, and most US banks and Government offices are closed.
The USD took another beating overnight as speculation mounts that the FED will not raise interest rates any time soon. GBP also dropped, and Iceland’s krona lost ground after Moody’s lowered the nations credit rating to the lowest investment grade.
World wide equity markets rose, and US Futures are looking positive for this morning’s opening.
Gold set a record of $1117.+ /oz.
Bloomberg Professional Global Confidence Index dropped as signs by central banks to ease their stimulus policies may be perceived as too soon. Questions regarding the strength of this recovery are becoming a concern throughout the marketplace.
Oil:$ 79.55 Gold:$1116.90
HAVE A GREAT DAY & GOOD LUCK
