The Week Ahead: Treasury Auctions, Pending Home Sales, FOMC Minutes and Fed Speak
Posted To: MND NewsWire
The Dow closed last Thursday at an 18-month high, and with equity investors now able to react to Friday’s nonfarm payrolls report, the market should open sharply higher this morning. The economy added 162k jobs last month, the biggest one-month gain in exactly three years. READ MORE One hour before the opening bell, Dow futures are up 41 points to 10,901 and S&P 500 futures are up 4.50 points to 1,178.25. Also, NYMEX crude oil futures are 60 cents higher to $85.47 per barrel and Gold is up $2.00 to $1,128. The week ahead is relatively slow for data but there are plenty of events that might offer the markets new insight. Monday is an exception with the ISM Non-Manufacturing Index and the Pending Home Sales Index each hitting the headlines this morning. Key Events This Week: Monday…(read more)
The Week Ahead: Treasury Auctions Highlight Slow Econ Calendar Until Friday
Posted To: MND NewsWire
Equity futures are moderately higher ahead of a fairly light week of economic data. Dow futures are trading 18 points higher at 10,563 and S&P 500 futures are up a 2 points to 1,138. Commodities are also edging slightly higher with WTI crude oil up 33 cents to $81.83 per barrel and Spot Gold up 54 cents to $1,135.19. Meantime, the US dollar is a bit lower against the euro since France’s Nicolas Sarkozy said the continent would help Greece: “if it were necessary, the states of the euro zone would fulfill their commitments.” In terms of data the week ahead doesn’t quite begin until Wednesday afternoon when the Treasury releases its budget statement. On Thursday, weekly jobless claims will be accompanied by the monthly trade balance. Friday’s retail sales index…(read more)