Tag Archives: S&P
Market Preview – 10 January 2012
Forex Overnight: EUR trading higher The EUR has advanced against most of the major currencies, this morning, amid optimism ahead of today’s meeting between the German Chancellor, Angela Merkel and the International Monetary Fund’s Managing Director, Christine Lagarde. In remarks following yesterday’s meeting, Merkel and Sarkozy indicated that they have made progress on an agreement […]
S&P ANALYSIS
The S&P confirmed on Friday a further positive closing but it failed to confirm the break above the 1279,80 level. While above 1267,00 we expect further test on the upside toward the key level at 1282,40.
The Week Ahead
Today we take the market temperature and look at where to focus our attention as the week unfolds. Equities – Pivot area for US S&P500 and Earnings Season kick-off Last week ended in about as stale a stalemate as possible for equities. Though the key equity market benchmark, the US S&P500 managed an enthusiastic Tuesday […]
Market Preview – 6 January 2012
Forex Overnight: EUR trading under pressure The EUR is trading lower against the USD, this morning, amid rising concerns about the European debt crisis, after French bond yields rose at an auction yesterday. Markets are eagerly awaiting the release of Eurozone consumer confidence and U.S. non-farm payrolls data later today. At 6 am, the EUR […]
DAX above 6000 on better than estimated PMI figures
Final German PMI Manufacturing figures beat estimate The new year is off to a good start as final PMI Manufacturing figures for December in Germany and Italy came out better than expected. Prior to these figures investors also got better than estimated PMI Manufacturing figures from China yesterday.
Early trading in the new year smells gains; China PMI above 50
Is China to reaccelerate? Yesterday the official China Manufacturing PMI for December rose above 50.3 from 49.0 in November which is a sign that China likely accelerated in December (see chart below). It is clear that China has slowed down continuously since late 2010 as the developed economies have slowed down.
Quiet markets as New Year approaches; What to watch in 2012
US wins as tough year sees end Global asset markets are quiet on this last trading day before New Year. European stocks are 0.3 percent higher, EURUSD is down 0.2 percent, gold spot is up 1.6 percent, WTI crude is unchanged and Spanish & Italian 10-year bond yields are down eight and two basis points […]
Mixed reception of Italian auction, initial jobless claims next
Will Initial Jobless Claims continue the trend lower? With two strong consecutive initial jobless claims reports pushing the 12-week rolling trend down to levels not seen since the third quarter 2008 (see chart below) it will be interesting to see if the trend continues today at 13:00 GMT. Economists are looking for 375K up from […]
European stocks up 0.4% on Italian auction, US futures up 0.2%
Japan struggles as industrial production falls; Italian auction yield on bills halved European stocks started the session in a sour mood following worse than expected Japanese economic figures from November that showed industrial production declined 2.6 percent MoM and retail sales were down 2.1 percent MoM cementing what has been an awful year for the […]
S&P ANALYSIS
The S&P formed a small negative day reversal but only a daily closing below 1260,20 tonight will confirm a s/t top favouring a return toward the 200 days line, support at 1245,21.
Are US consumers more positive and is manufacturing picking up?
The US economy is healing, but are consumers? The next round of US economic data starts today with S&P/CaseShiller figures on US house prices expected (14:00 GMT) to show further declines MoM in the 20 largest cities.
US Stocks rose
U.S. stocks rose for a fourth straight day, pushing the Standard & Poor’s 500-stock index back into positive territory for 2011, as investors cheered the accelerating U.S. economy and a break in the latest Congressional deadlock.