1pm - 'Economic news' courtesy reminder time Traders!
'Market Focus' in the US this evening
"Watch for news out of Asia and a look back at Friday's strong jobs report." [Source: nasdaq.com., Mark Pender]
'Market Reflections' from the last trading session (05.11.2010)
"Accelerating payroll growth in October underscored by strong upward revisions to September and August mark a pivotal upturn for the economy. The gains indicate easing reluctance to hire and together with QE2, they promise a better economic pace ahead.
Stocks reacted slowly to QE2 and they may be reacting slowly to the October jobs report. The Dow ended fractionally higher at 11,444. The market's two-month 15 percent rally has discounted a lot of good news.
Other markets showed greater reaction. Rates moved broadly higher led by a six basis point jump in the 3-year yield to 0.59 percent.
Loud overseas criticism over Fed policy is a hot feature of the business page. Ben Bernanke spoke in specific defense of the dollar today, a reminder when the Fed had to defer to the Treasury on dollar comments. The dollar index jumped nearly one percent to 76.57. Gold is testing $1,400, hitting a record $1,397. Oil is at $87." [Source: nasdaq.com., Mark Pender] ______________________________________________________
Of note in the US this evening:-
Kevin Warsh speaks [Federal Reserve Gov. - Speech to SIFMA conference in New York. ]
4-Week Bill Announcement; 3-Month Bill Auction; 6-Month Bill Auction; and 3-Yr Note Auction [Treasury bills are sold at public auctions every week; and Treasury notes are sold at regularly scheduled public auctions.] ______________________________________________________
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Of note in Australia tomorrow:-
National Australia Bank's Business Confidence (Oct) [The National Australia Bank Business Confidence is a survey of the current business condition in Australia. It indicates the performance of the overall Australian economy in a short-term view. A positive economic growth anticipates bullish movements for the AUD, whereas a negative growth is seen as bearish.]
National Australia Bank's Business Conditions (Oct) [The NAB's Business Conditions released by the National Australia Bank looks at trading, profitability and employment conditions in Australia. It serves as an indicator of overall economic situation in the short term. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]
Westpac Consumer Confidence (Nov) [The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions for major household items. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, whereas a low reading is seen as negative (or bearish).]
1pm - 'Economic news' courtesy reminder time Traders!
