Feb 19 2014 | 9:28 AM

Ahead of the Bell: Dow futures are trading down 54 points and S&P futures are trading down 6 points.  Investors are cautiously trading while keeping a watchful eye on interest rates in China following unexpected weak economic data from the US.  Fed watchers are hopeful the central bank might be tempted to slow the pace of tapering, which could give emerging markets a breather after soft New York manufacturing and housing data. The Federal Reserve has indicated that it is still inclined to keep tapering, though traders assume the recent batch of soft economic data will encourage patience at the agency. The People's Bank of China in its efforts to engineer a gradual upward shift in the cost of money to encourage companies to deleverage and discourage high-risk shadow banking activity, could push interest rates higher and slow economic growth. Yields on the 10-year treasury eased a few basis points to 2.70% and the dollar lost ground...

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Feb 18 2014 | 9:38 AM

Ahead of the Bell: Dow futures are trading up 25 points and S&P futures are trading up 2 points. More monetary stimulus from the Bank of Japan is pushing global shares higher, but gains were capped after action to rein in lending in China, disappointing German investor confidence data, and more hawkish comments on rate increases in Australia. The Bank of Japan maintained its ultra-lose monetary policy and extended special loan programs to help boost economic growth, as the Shinzo Abe's government shows its resolve to keep the positive momentum going. The central bank reiterated its upbeat view on the economy, despite recent signs of slowing growth and suggested that any additional monetary stimulus will be in the future. As a result of the BOJ's action, the yen lost ground against all the major currencies and saw the US dollar gain after recent weakness in economic data such as manufacturing and payroll.

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Feb 14 2014 | 6:52 PM

The schedule for the week of February 17th includes:

  • Monday: US Holiday: Presidents' Day All Markets Closed
  • Tuesday: Empire State Manufacturing Survey, Treasury International Capital, Housing Market Index, E-Commerce Retail Sales, 3-Month Treasurey Bill Auction, and 6-Month Bill Treasurey Auction
  • Wednesday: MBA Purchase Applications, ICSC-Goldman Store Sales, Housing Starts, Producer Price Index, 4-Week Treasurey Bill Auction, FOMC Minutes, James Bullard and John Williams speak
  • Thursday: Consumer Price Index, Jobless Claims, PMI Manufacturing Index Flash, Philadelphia Fed Survey, Leading Indicators, 30-Yr TIPS Auction, and Fed Balance Sheet 
  • Friday: Existing Home Sales and James Bullard speaks 

Click here for a more comprehensive economic calendar...

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Feb 14 2014 | 9:13 AM

Ahead of the Bell: Dow futures are trading up 13 points and S&P futures are trading up 2 pointsStock-index futures pointed to a slightly higher open on Wall Street, ahead of more economic data which analysts fear may have been hit by the poor weather. Global shares were boosted by reports which showed the euro-zone economy grew at a faster pace in the fourth quarter than forecasted.  Both Germany and France grew faster than forecast in the final quarter of 2013, with their economies expanding by 0.3% and 0.4% respective.  Today will be one of the last busy days of Q4 earnings season, with Campbell Soup, Ventas and JM Smucker reporting before the opening bell.


 



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