Breaking News – Retail Sales – CPI
Breaking News – U.S. economic Retail Sales reports and Consumer Price Index (CPI)
Breaking News – U.S. economic Retail Sales reports and Consumer Price Index (CPI)
Welcome to today’s Morning Coffee Break – The Federal Reserve decisively stepped off the sidelines with a stronger than expected new round of unlimited quantitative easing (QE3) sending U.S. markets rallying. Market participants are clearly satisfied with the FMOC’s move as U.S. futures are indicating an extension of yesterday’s rally.
Traders are setting their focus on 3 key events today as U.S. market session prepares to open. U.S futures are suggesting positive open with the Dow Jones fair value up by 20.64 and the S&P 500’s fair value higher by 3.34. The NASDAQ is getting nice push higher ahead of Apple’s (APPL, [stock APPL]). Fair value for the NASDAQ is higher by 9.81.
Breaking News from Moody’s Rating Agency.
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Well this week kicks off earnings season right in the middle of the euro zone storm and ahead Wednesday’s FOMC statement.
China’s June Consumer Price Index (CPI) and Producer Price Index (PPI) data release overnight are mixed.
Breaking News – Supreme Court Decision
Can U.S. markets move higher after a broad sell off Monday? Two weeks ago trader overcame the broad sell off but future’s today look basically flat in pre-markets with implied opens for Dow Jones at 13.34, S&P 500 0.03 and the NASDAQ at 2.26 as of 8:40 a.m. ET.
U.S. markets seem to be following global markets lower as we kick off the last week of June. Investors are worried about the upcoming European Union summit that ruled not to have Greece leaders attend the summit.
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