Another Light Trading Day Ahead, Although That May Change Next Week
Fri, Sep 10, 8:46 AM ET, by Betty L. - Freshman Equities Trader, Hedge Fund Live
September-10-2010 Morning Notes - Futures up modestly this AM - S&P futures up about 3 handles from FV - Overseas mkts are mixed: strength in Asia, weakness in Europe - China imports data came in better than expected, suggesting Chinese consumers are spending; China exports slightly lower - Japan revise Q2 GDP as expected; BOJ minutes showed they do not see double dip recession; Yen lower this AM; govt outlined details of a 915B yen stimulus plan => Nikkei up ~1.5% - Yday's DB news of 9B EUR stock offering weighing down European mkts this AM - Treasuries up small this AM after yday's sell off - Gold futures lower this AM - Light on economic data front again today with wholesale inventories at 10a - Expecting light trading volume today as a result of no significant events on the agenda and in light of Rosh Hashanah - However, volumes may pick up next week when Basel III guidelines on bank capital levels will be released (may be Monday); expect to see volatility in financial sector across the globe (Basel III rules are applicable to all banks worldwide) Visit HedgeFundLIVE.com.
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SDI Glossary: "price" Definition SDI Glossary: "Futures" Definition SDI Glossary: "FV" Definition SDI Glossary: "GDP" Definition
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