DailyWatch 982016

 

Today’s Markets

In Asia, Japan -0.3% to 16958. Hong Kong +0.8% to 23919. China +0.1% to 3095. India +0.4% to 29045.
In Europe, at midday, London +0.4%. Paris flat. Frankfurt -0.2%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +1.9% to $46.37. Gold +0.3% to $1353.
Ten-year Treasury Yield flat at 1.54%

Today’s Economic Calendar

8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Quarterly Services Report
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
3:00 PM Consumer Credit
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

Market Summary

The S&P futures are trading at 2185.25 in morning trading. We saw the futures head up and test resistance this morning and pullback. Until we see a closing over 2192 on futures, we will keep the same theme going… Continue reading “DailyWatch 982016”