Economic Info Galore This Morning, But Futures Not Reacting Much
Thu, Sep 2, 9:16 AM ET, by Betty L. - Freshman Equities Trader, Hedge Fund Live
September-2-2010 Morning Notes - Futures are flattish this AM - S&P futures up about 4 handles from FV - 1080 level clearly is heavy resistance right now (e.g., 50d MA) - Asian mkts up solidly o/n - European mkts not as strong, but still up slightly, due to eurozone GDP release- came in at +1.0% - Also, at 7:45a today ECB announced it will leave lending rate unch'd at 1%, as expected - Initial Jobless Claims: 472K vs. 475K; prior revised to 478K from 473K - Continuing Claims: 4.456M from 4.479M - Q2 Nonfarm Productivity: final number revised to -1.8% vs. -1.7%; Q2 prelim-0.9% - Q2 Unit Labor Cost: final number revised to 1.1% vs. 1.1%; Q2 prelim 0.2% - Initial claims have been stuck in 450k-500k range since November 2009; looks like we will not break out of this range for a while - ECB Press Conference going on this morning (started 8:30a) to see if ECB will extend emergency lending measures - Other economic data out today: Factory Orders and Pending Homes Sales at 10a - Also, Bernanke to testify before commission for fin. crisis at 9a 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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