Thursday, May 8, 2014

Market Comments from Tregg Cronin with Halo Commodities

Below are market comments from Tregg Cronin with Halo Commodities

Outside Markets as of 5:50am: Dollar Index down 0.1130 at 79.0890; Euro is up 0.00250 at 1.39400; S&P’s are up 0.25 at 1874.50; Dow futures are up 19.00 at 16,487.00; 10-yr futures are down 0.04%; The Nikkei closed up 0.93%; The DAX is up 0.44% at 9,563.21; The IBEX-35 is up 0.76% at 10,493.30; The Russian MICEX is down 0.42% at 1,357.74; Gold is up $3.00 at $1291.90; Copper is up $0.40 at $303.65; Crude Oil is down $0.41 at $100.38; Heating Oil is down $0.0131 at $2.9144; Paris Milling Wheat is off €0.75 at €206.50.

Global equities are mostly better this morning after improved Chinese trade data, and comments from Fed Chair Yellen suggested low interest rates will continue until the US job market is healthy. China’s exports in April rose 0.9% from the previous year following a 6.6% decline in March, and imports grew slightly after a contraction in March. Russian President Putin is also on the tape this morning with a slightly softer tone on the confrontation with the West, something stocks were taking at least brief solace in. Putin has endorsed plans for fresh elections in Ukraine, and called on pro-Russian militans in eastern Ukraine to delay referendums on autonomy. In the US today, unemployment claims are expected to decline 19,000 to 325,000, just offsetting last week’s 14,000 claim jump.

A busy radar this morning with systems............................

to keep reading and get Tregg's comments click here

No comments:

Post a Comment