1pm - 'Economic news' courtesy reminder time Traders!
'Market Focus' in the US this evening
"Jobless claims have been high but not disastrously high." [Source: nasdaq.com., Mark Pender]
'Market Reflections' from the last trading session (29.09.2010)
"Public protests in Europe aren't boosting confidence in debt reduction plans. Yet the euro has been strengthening on the troubles, not weakening as it had earlier in the year. The euro ended at $1.3650. On the other side of the coin, the dollar has been weakening in what is extended reaction to last week's FOMC promise to print more dollars if necessary. The dollar index, slightly lower Wednesday at 78.75, is down three percent over the last week.
Markets were little changed in the session. The Dow ended slightly lower at 10,835 with the 30-year yield at 3.68 percent. Oil ended below $78 with gold below $1,310. Base metals got a lift from strong Chinese purchaser data with copper at a two year high over $3.60." [Source: nasdaq.com., Mark Pender] ______________________________________________________
Of note in the US this evening:-
GDP [ Market moving indicator] [Gross Domestic Product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy.]
Ben Bernanke speaks (twice) [ Market moving indicator] [Federal Reserve Chairman Ben Bernanke , Deputy Treasury Secretary Neal Wolin, FDIC Chair Sheila Bair, SEC Chair Mary Schapiro and CFTC Chair Gary Gensler testify before the Senate Banking Committee on implementing Dodd-Frank reforms, in Washington; and Ben Bernanke leads town hall meeting with educators and takes questions from video conference across the country.]
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.]
Sandra Pianalto speaks [Cleveland Federal Reserve Bank President - On panel discussing economic issues confronting the new Congress, in New York.]
Corporate Profits [Corporate profits, as reported by the Bureau of Economic Analysis (BEA), are summarized briefly as the income of organizations treated as corporations in the national income and product accounts. The BEA reports several measures of profits.]
Chicago PMI [The Institute of Supply Management - Chicago compiles a survey and a composite diffusion index of business conditions in the Chicago area. The survey is conducted by Kingsbury International, LTD. Manufacturing and non-manufacturing firms are both surveyed. Hence, it is not directly comparable to pure manufacturing surveys. Readings above 50 percent indicate an expanding business sector.]
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; and 6-Month Bill Announcement [Weekly Bill Settlement] [Treasury bills are sold at public auctions every week.]
... AND ... ______________________________________________________
Of note in Australia tomorrow:-
RBA Commodity Index SDR (YoY) (Sep) [The RBA Commodity Price SDR released by the Reserve Bank of Australia is considered as an early indicator of export price changes. The price changes influence GDP and exchange rates. An increase in prices may indicate strength of the AUD, while a decrease in prices may indicate weakness of the AUD. A high reading is seen as bullish for the AUD, whereas a low reading is seen as bearish.]
Traders, just fyi - Please note that it is a long weekend this weekend for the Labour Day public holiday in NSW / SA / ACT - however I do note that the markets will be OPEN on Monday 4th October, 2010 - Please refer to the: ASX Trading calendar - 2010.
1pm - 'Economic news' courtesy reminder time Traders!
Market moving indicator]
Merits extra attention]
