Jun 14 2013 | 8:19 AM

Ahead of the Bell: Dow futures are trading down 12 points and S&P futures are trading down 2 points.  Optimism that the Federal Reserve will not scale back its stimulus program before the end of the year coupled with better than forecasted jobless claims and retail sales data from the US has temporarily halted the selloff in global markets. Market participants believe the central bank is testing financial markets with hints of rolling back its asset purchase program.  Growth in the euro zone is expected to pick up later this year, as inflation continues to be low, but the unemployment rate in the 17-member bloc continues to rise.



  • On the economic calendar today, producer price index for May will be out prior to the opening bell, a reading of 0.2% is forecasted, compared with -0.7% for April.  Consumer sentiment for June will be out after the market opens and it is expected to be 84.5 compared...
Read More
Jun 13 2013 | 8:21 AM

Ahead of the Bell: Dow futures are trading down 30 points and S&P futures are trading down 4 points.  Global shares sold off on weak Chinese economic data, as Japan enters a bear market. The World Bank cut its growth forecast on concerns major central banks are about to announce a pullback in stimulus. European and Asian markets gave up ground, as investors were spooked by fears the ECB and the Bank of Japan will taper their ultra-loose monetary policy.  All eyes will be on the Federal Reserve next week, when the central bank meets for its two-day FOMC meeting starting on Tuesday. Retail sales data released by the Commerce Department will be in focus today, as market participants gauge the impact of the payroll tax and the sequester on consumers earlier this year.



  • Other economic data on calendar today, include weekly jobless claims for the week ended 6/8 (350K expected), which will be out prior to...
Read More
Jun 12 2013 | 8:44 AM

Ahead of the Bell: Dow futures are trading up 77 points and S&P futures are trading up 9  pointsdespite growing worries that global central banks might start trimming their stimulus programs. Recent encouraging economic data from the US has raised concerns that the Federal Reserve could roll back its asset purchase program.  The Bank of Japan's lack of action earlier in the week has also added to concerns that monetary policy around the globe is about to become tighter. Also, rising borrowing costs in Germany and Italy are creating uneasiness, a sign the euro zone crisis is about to get worse.



  •  On the economic calendar today, no major reports are due. The dollar is up against the euro and the British pound and down against the Japanese yen.  Gold is trading at $1,377. Crude oil is currently trading at $95 a barrel. 

  • Yesterday, stocks sold off after the Japanese Central Bank...
Read More
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