The Early Look
Here's a brief look at the pre-market action…
Asia was mixed again but mostly slightly higher, with the region up about +0.3%. BOJ easing measures being watched tomorrow
Europe is trading lower, off about -0.5% as we write this. A key measure of Euro area confidence below expectations and bond yields rising again in troubled economies… Spain's IBEX down close to -2.0%
Another big earnings day today, with AMZN and XOM two of the most closely watched
U.S. futures are down slightly, but bouncing around on each latest earnings release...the futures key resistance at 1390 was breached overnight but now trading around 1384-86, down 1-2 points
Key economic data includes jobless claims at 8:30 am edt and housing data at 10:00 am edt.
Good Trading!
David W. (aka The Underground Trader)
Pre-Game Indicators
Here are the Pre-Market indicators we review each morning before the opening bell...
- Major Foreign Markets:
- Australia: +0.25%
- Shanghai: -0.09%
- Hong Kong: +0.79%
- Japan: +0.01%
- France: -0.73%
- Germany: -0.20%
- Italy: -1.07%
- Spain: -1.77%
- London: +0.15%
- Crude Oil Futures: -$0.06 to $104.06
- Gold: +$8.30 to $1650.60
- Dollar: higher against the yen and euro, lower vs. pound
- 10-Year Bond Yield: Currently trading at 1.96%
- Stock Futures Ahead of Open in U.S. (relative to fair value):
- S&P 500: -0.54
- Dow Jones Industrial Average: -2
- NASDAQ Composite: -1.60
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