Breaking News – Markets Open Lower
Stocks opened lower Monday following elections in France and Greece over the weekend.
Commodities
Breaking News – Non-Farm Payrolls (NFP)
Non-Farm Payrolls rise less than expected.
Mid-Day Energy Market Update
The bears trying to take control forcing stocks lower and the S&P 500 lower towards this morning’s level and forcing the NASDAQ to session’s lows.
Breaking News – U.S. Service Sector
U.S. Service Sector shows
Breaking News – From the ECB’s Draghi
ECB’s Draghi:
Breaking News – Labor Department Weekly Release
Labor Department Weekly Release out – are they forecasting the Friday’s Non-Farm Payroll release?
Breaking News – ADP Numbers Out
Payrolls processor Automatic Data Processing says private-sector jobs
Imperial Sugar Agrees to be Acquired (IPSU)
Louis Dreyfus Commodities LLC to buy Imperial Sugar Co (IPSU, quote). Imperial Sugar has agreed to be purchased by company Louis Dreyfus Commodities LLC via an all cash agreement that values the sugar refiner roughly at $78 million.
Euro Plummets after Abysmal European Manufacturing Data Set
THE TAKEAWAY: Manufacturing PMIs much weaker than expected -> Core countries hit by slowing demand from the European south -> Euro falls against US Dollar Weak readings from the European manufacturing sector sparked a bout of Euro weakness today. The weighty German manufacturing purchasing managers’ index came in at 46.2 versus the expected 46.3. Beleaguered Italy was hit hardest, with the gauge coming in at 43.8 versus the expected 47.1.
A Deeper Look Into the ISM Manufacturing Report
The ISM Manufacturing Index climbed in April to a level of 54.8 from 53.4 March, beating analysis expectations. In fact expectations were for decline to 53.0 levels. While the Price Paid Index held at 61.0 for the month.