2pm - 'Economic news' courtesy reminder time Traders!
'Market Focus' for this evening
"Jobless claims never supported optimism for May payrolls. A disappointment for the June 5 week could bring back unwanted memories of last week's employment report." [Source: Bloomberg., Mark Pender]
'Market Reflections' from previous session (09.06.2010)
"The building prospect that British Petroleum may have to cut its dividend or enter bankruptcy pulled down energy stocks and made for a late session slide that saw the S&P give up 0.6 percent. Interest rates were little changed as was the euro which firmed slightly to $1.1990. Oil gained $2 on the day though weekly inventory data showed continued weakness in gasoline demand." [Source: Bloomberg., Mark Pender]
Please note the following 'Economic news' which is due out in the US this evening:-
** Firstly traders, please note that this morning I mentioned that the 'New Housing Price Index' is due out in the US this evening. That was a typo on my part and was in reference to Canada, not the US (I must have had a 'bug-eye' moment looking at the screens this morning, lol). (:
International Trade [ Market moving indicator] [International trade is composed of merchandise (tangible goods) and services. It is available nationally by export, import and trade balance. Merchandise trade is available by export, import and trade balance for six principal end-use commodity categories and for more than one hundred principal Standard International Trade Classification (SITC) system commodity groupings. Data are also available for 36 countries and geographic regions. Detailed information is reported on oil and motor vehicle imports. Services trade is available by export, import and trade balance for seven principal end-use categories.]
Jobless Claims [ Merits extra attention] [New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.]
EIA Natural Gas Report [ Merits extra attention] [The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural gas products.]
Treasury Budget [ Merits extra attention] [The U.S. Treasury releases a monthly account of the surplus or deficit of the federal government. Changes in the budget balance of the annual fiscal year (which begins in October) are followed as an indicator of budgetary trends and the thrust of fiscal policy.]
Tim Geithner speaks [Treasury Secretary - Testifies on US-China releations to the Senate Finance Committee in Washington.]
Quarterly Services Survey [The Census Bureau quarterly services survey focuses on information and technology-related service industries. These include information; professional, scientific and technical services; administrative & support services; and waste management and remediation services.]
Fed Balance Sheet [The Fed's balance sheet is a report showing factors supplying reserves into the banking system and factors absorbing (using) reserve funds.]
Money Supply [The monetary aggregates are alternative measures of the money supply by degree of liquidity. Changes in the monetary aggregates indicate the thrust of monetary policy as well as the outlook for economic activity and inflationary pressures.]
3-Month Bill Announcement; 6-Month Bill Announcement; and 30-Yr Bond Auction [Treasury bills are sold at public auctions every week; and Treasury notes are sold at regularly scheduled public auctions.]
... AND ...
There is no 'Economic news' is due to be released in Australia tomorrow!
2pm - 'Economic news' courtesy reminder time Traders!
Market moving indicator]
Merits extra attention]
