Good Morning Traders,
US - Market Reflections - Thursday, 9th June, 2011
The Dow showed some life, boosted by bargain hunting that made for a nearly 2/3 percentage point gain to 12,124. Jobless claims did rise but only fractionally and are meaningfully lower from the month-ago peak. The nation's trade gap narrowed much more than expected in April helped by that month's lower prices for oil compared to March. Oil continues to hold above $101 for West Texas Intermediate despite wide expectations that yesterday's OPEC stalemate will likely lead to oversupply.
Market Focus in the US this evening
Watch to see if yesterday's rally for the Dow trips overnight rallies in Asia.
[Sources used: bloomberg.com / nasdaq.com]
____________________________________________
The DJIA Index finished the trading session: Up 75.42 points; and
The All Ords are currently trading: Up 21 points.
____________________________________________
Of note in the US this evening:- Import and Export Prices [
Merits extra attention]
- Treasury Budget [
Merits extra attention]
...AND...
Of note in Australia today:
Please note there is no key economic data expected to be released in Australia today!
...AND...
Of note elsewhere today/this evening:- Germany - Consumer Price Index (MoM) (YoY) (May) [
Market moving indicator]
- Canada - Unemployment Rate (May); and Net Change in Employment (May) [
Market moving indicator]
- China - Trade Balance (May) [
Merits extra attention]
- United Kingdom - Producer Price Index - Output (YoY) n.s.a (May) [
Merits extra attention]
- United Kingdom - Manufacturing Production (MoM) (YoY) (Apr) [
Merits extra attention]
- United Kingdom - Industrial Production (MoM) (YoY) (Apr) [
Merits extra attention]
- United Kingdom - NIESR GDP Estimate (3M) (May) [
Merits extra attention]
- [
Merits extra attention]
[Sources used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]
_____________________________________________
Gold is currently sitting trading Down $2.60 and is sitting at US$1,541.70oz atm;
Oil (Nymex Crude) is currently trading Down $0.18c atm and is sitting at US$101.75/bbl atm
The Dollar: The AUD is currently trading @ $1.0632c against the US Dollar
[Sources used: kitco.com; bloomberg.com; nasdaq.com & fxstreet.com]
____________________________________________
Have a great day.
Cheers, Tweets
PS: And thanks for starting the thread in Highlandlad's absence this morning Barnsty! (:
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