May 13 2013 | 8:21 AM

Ahead of the Bell: Dow futures are trading down 33 points and S&P futures are trading down 4 points.  US equity futures are trading down this morning ahead of an economic report which is expected to show American retail sales fell for a second consecutive month in April, hurt by slowing demand for automobiles.  Investor sentiment is also being dragged down by Chinese data which indicated that fixed-asset investment unexpectedly decelerated last month, while industrial output trailed estimates.  Corporate earnings will also be in focus as Q1 earnings season winds down.



  • On the economic calendar today, April retail sales data will be released before the market opens and a 0.3% drop is expected, following a 0.4% fall the month prior. March business inventories data is due out after the market opens and a 0.3% increase is expected, vs. a 0.1% rise the month before.  

  •  The dollar...
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May 10 2013 | 8:11 AM

Ahead of the Bell: Dow futures are trading up 24 points and S&P futures are trading up 2 points, signaling the S&P 500 index will extend a third week of gains, as investors speculate central banks will maintain stimulus measures as the Group of Seven finance chiefs start a two-day meeting in London today.  Shares across the globe are on the rise today as investor sentiment was lifted on better than expected corporate earnings out of Europe and reports which showed German exports increased in March.



  • On the economic calendar today, no reports are due.  Federal Reserve Chairman Ben Bernanke will be speaking at the Chicago Fed banking conference.

  • The dollar is up against the major currencies.  Gold is trading at $1,447. Crude oil is currently trading at $95 a barrel. 

  • Yesterday, stocks declined despite the lower number of Americans filing claims for jobless...
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May 9 2013 | 8:52 AM

Ahead of the Bell: Dow futures are trading down19 points and S&P futures are trading down 2 points.  Surprising German factory activity and stronger than expected trade data from China, along with better than forecasted UK industrial output and jobs growth in Australia and New Zealand have boosted global investor sentiment.  China’s annual consumer inflation however, rose more than anticipated in April.  Spain’s manufacturing sector shrank in March which could prompt the ECB to ease its monetary policy further to support the euro zone economy.



  • On the economic calendar today, initial jobless claims for the week ended May 4 will be released before the market opens and 335K is expected, vs. 324K the week before.  Wholesale trade data for March is due out after the market opens and a 0.4% increase is expected, compared to a 0.3% drop the month prior.

  • The dollar is up against the euro and the...
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May 8 2013 | 8:35 AM

Ahead of the Bell: Dow futures are trading up 5 points and S&P futures are trading up 2 points after the blue chip index closed above 15K for the first time and the broader S&P 500 index ended at another record high.  China's exports and imports data grew more than forecasted in April as the world’s second largest economy provided a better outlook despite skepticism that currency exchange and speculative capital inflows are shadowing weakness in real demand.  With the target rate of inflation half of what the Federal Reserve's 2.0% mandate is, the central bank could be under pressure to ramp up its already aggressive bond buying program.



  • On the economic calendar today, no major reports are scheduled to be released.  The dollar is down against the major currencies.  Gold is trading at $1,459. Crude oil is currently trading at $95 a barrel. 

  • Yesterday,...
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