Jun 6 2013 | 8:11 AM

Ahead of the Bell: Dow futures are trading up 47 points and S&P futures are trading up 7 points following the sell off in the previous trading session on concerns the Federal Reserve will scale back its stimulus program.  The weekly jobless claims data this morning will be in focus as it will give the Fed an indication of the direction of the recovery.  German factory orders fell more than forecasted in April as Europe’s largest economy struggled to gain strength. The ECB kept its main interest rate unchanged at 0.5%, but tweaked its economic forecast for the region, giving investors a sign on future direction of its policy, which includes boosting lending to smaller financial institutions in the euro zone periphery members.  The Bank of England has also left its benchmark interest rate at 0.50%.



  • On the economic calendar today, jobless claims data for the week ended June 6 will be released before...
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Jun 5 2013 | 8:22 AM

Ahead of the Bell: Dow futures are trading down 55 points and S&P futures are trading down 7 points following modest service sector growth from China, paltry growth data from the euro zone, and renewed concerns of a cut in stimulus by the Federal Reserve. According to HSBC/Market Purchasing Managers' Index, China's service sector grew at the same pace in May as it did in the month prior, signs the second largest economy in the world is struggling to regain momentum. GDP in the euro zone contracted slower in the first three months of 2013, while retail sales showed continued weakness in household demand.



  • On the economic calendar today, the ADP employment report for May will be released before the market opens and 171K is expected, vs. 119K in April.  Productivity and Costs data for Q1 2013 will also be released before the market opens and a 0.7% increase is forecasted, unchanged from the prior quarter. ...
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Jun 4 2013 | 8:37 AM

Ahead of the Bell: Dow futures are trading down 4 points and S&P futures are trading down 2 points. Investors are cautiously stepping back into the market on expectations that the Federal Reserve would continue its stimulus measures for a longer period, following weaker than expected manufacturing data in May.  The disappointing ISM factory activity bolstered the view that it is still too early for the central bank to start winding down its bond-buying program. However, Fed officials have signaled the agency could taper its ultra-lose monetary policy by this summer.



  • On the economic calendar today, April trade balance will be released before the market opens and -$41.1B is expected, compared to -$38.8B the month prior. May ISM for the New York region is due out after the market opens and a reading of 55.0 is expected, vs. 58.3 in April.

  • The dollar is up against the British pound and down...
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Jun 3 2013 | 8:25 AM

Ahead of the Bell: Dow futures are trading up 90 points and S&P futures are trading up 8 points despite weak factory activity in China along with uncertainty over how much longer world central banks will continue global stimulus programs.  Concerns over the Federal Reserve scaling back its assets purchasing program and its effects on global shares are forcing investors to seek safer asset classes.  According to HSBC China purchasing managers' index, the factory sector lost momentum last month as export orders declined between China, Taiwan, and South Korea, a sign the second quarter outlook is dimming.



  • On the economic calendar today, PMI manufacturing index for April will be released before the market opens, 52.1 is expected compared with the same reading for the month prior. ISM Mfg Index for May will be out after the opening bell and it is forecasted to be 51.0 versus 50.7 for April.  
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