Stocks are firm in all major markets so far this Monday. DJIA futures are trading higher by 0.7% and S&P futures are up 0.8%. In Europe, the FTSE is up 1.1%, the DAX is up 1.2%, and the CAC is also up by 1.2%. In Asia, Japan was up 0.4% and Hong Kong closed up 1.0%. Canadian markets are closed for a national civic holiday.
NYMEX WTI crude is higher this morning at $79.60 per barrel; Gold is lower around $1,178.75.
Treasury bond prices were soft in longer-dated maturities: yield on the 10-Year 2.93% is and the yield on the 30-Year was 4.007%.
The dollar/Yen was Y86.79; the Euro started out stronger but was at $1.3067; and the Pound was stronger at $1.5791.
There are more than ten key issues for traders to focus on as the week starts from equities that are either carry-over issues from last week or that developed over the weekend. This is spelled out in The Unusual Suspects For This Week and includes tickers AKAM, ALU, APP, BAC, CROX, F, GE, GENZ, RIMM, SYMC, WCRX, EZA, FFD, AFK.
Monday morning’s major media headlines from Reuters, WSJ, NYTimes, FT, Bloomberg, and more is available here.
These are today’s top economic data:
- 9:45 AM EST Dow Jones Economic Sentiment (narrowly followed)
- 10:00 AM EST Online Help Wanted Index (July)
- 10:00 AM EST ISM Manufacturing (July) (estimate 54.7)
At 10:15 AM EST Fed Chairman Bernanke speaks on the issues facing the economy.
At 4:00 PM EST Treasury Secretary Geithner speaks on financial reform in New York and is expected to speak in a much more balanced and accommodating manner.
MAJOR EARNINGS today are from ASF, AGN, APL, BKD, CKEC, CRL, CNA, DVA, DW, EXTR, ESLR, GFIG, HLS, HUM, INSP, LPNT, MNKD, NS, OSK, PWAV, SBAC, SNH, SUPG, TXRH, VRSN, VVUS.
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JON C. OGG
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