Good morning team, supposedly futures have metals soaring and stocks holding their own, but yesterday's market wrap-up saw the jump in very light trade. Someone help me on this but imho it's not telling us we got more downside or more upside, but more like we still got no clear direction. We got home-sales today though. News from the usual reliable sources:
- FOREX-Euro subdued near two-week lows, wary of ECB Reuters - 3 hours ago ... slideshows. * ECB's Draghi speech may weigh on euro. * Euro zone PMIs and German IFO a key focus. * Chinese yuan drops to 14-month low vs dollar (Recasts, adds quotes, details).
- US airlines rank lowest in satisfaction among travel sectors -poll Reuters - 8 hours ago April 22 (Reuters) - U.S. airlines lag hotels and online travel agencies in customer satisfaction as travelers face increasingly cramped airplanes and poor in-flight service, a poll published on Tuesday showed.
- Today's Dow Jones Industrial Average DJIA, Nasdaq, S&P 500 extends winning ... Learning and Finance - 3 hours ago The primary stock composites hopped off to a good start one day after the Easter holiday. All three primary U.S. stock composites tracked higher throughout the last full trading session and all finished the day with gains.
- Believe the hype, inflation really is coming this time “Inflation is coming!” We’ve heard it for what seems to be forever. Then came the report of the March leading economic index for March. It increased by 0.8% after rising 0.5% in February. It’s just the latest data point in a series of indicators that Hugh Johnson of Hugh Johnson Advisors says is… Breakout
- Bull vs. Bear debate: Is pullback over? After a wild start to April, the bears and bulls differ on whether the pullback is over. USA TODAY