Jun 11 2013 | 8:26 AM

Ahead of the Bell: Dow futures are trading down 112 points and S&P futures are trading down 14 points. Global shares are in retreat mode, as investors cut their exposures to high risk assets, following no central bank action from Japan and speculation over a German Constitutional Court hearing on the legality of the European Central Bank bond-buying scheme. The sell off across the globe was prompted by disappointment over the Bank of Japan not following up on its $1.4 trillion stimulus program announced in April at its last policy meeting.  Concerns over slower growth in China also added to worries over lack of action by central banks.

  •  On the economic calendar today, April wholesale trade data will be released after the market opens and a 0.2% increase is expected, vs. a 0.4% increase the month before.

  • The dollar is up against the British pound and Japanese yen and down against the...
Read More
Jun 10 2013 | 8:13 AM

Ahead of the Bell: Dow futures are trading up 44 points and S&P futures are trading up 6 points. Signs of economic momentum in the US and Japan have temporarily overshadowed weak trade and industrial output from China. Investor sentiment pickup after a central bank forecast signaled that the French economy will grow slightly in the second quarter. However, financial markets are likely to remain choppy on concerns over the timing of a potential slowdown in the Federal Reserve's bond-buying program. Market participants will continue to scrutinize this week's economic data for clues on the timing of the Feds tapering.

  • On the economic calendar today, no reports are due today.  St Louis Federal Reserve Bank President, James Bullard will be speaking on global outlook in Montreal.

  • The dollar is up against the euro and the British pound and down against the Japanese yen.  Gold is trading at...
Read More
Jun 10 2013 | 6:00 AM
Cash Register

Cash Register (Photo credit: tarale)

The schedule of economic releases for the week of June 10th is as follows:

  • Monday:  None
  • Tuesday:  NFIB Small Business Optimism Index, ICSC-Goldman Store Sales, and Wholesale Trade
  • Wednesday:  MBA Purchase Applications and Treasury Budget
  • Thursday:  Weekly Jobless Claims, Retail Sales, Import and Export Prices, Business Inventories, and Fed Balance Sheet
  • Friday:  Producer Price Index,...
Read More
Jun 7 2013 | 8:24 AM

Ahead of the Bell: Dow futures are trading down 5 points and S&P futures are trading down 2 points.  Equity markets are under pressure this morning, as US hiring's are seen pointing to an economy that is growing modestly and still needs stimulus from the Federal Reserve. Stocks are poised for a third straight week of losses amid mixed economic data. The May employment report will be in focus today, it will provide the central bank more clues as it decides to scale back its monetary policy.  According to economists surveyed, the private sector is forecasted to have added 167K jobs in the month compared with 165K for April, while the unemployment rate is expected to hold steady at 7.5%.  

  • Other reports on the economic calendar today, include consumer credit which will be release in the afternoon and it is forecasted to be $14.0B compared with $8.0B.  The dollar is up against the euro and Japanese yen and...
Read More