Happy Thursday to all! Yesterday's drop in both stocks (down 0.2% in falling volume) and metals (to $1,155.45/gold and $15.52/silver) are now seeing a rebound all around with futures +0.52% on stock indexes and +1.32% for precious metals. Maybe the big kids are convinced good news is coming today with today's announcement flood:
Continuing Claims
Retail Sales
Retail Sales ex-auto
Export Prices ex-ag.
Import Prices ex-oil
Business Inventories
Natural Gas Inventories
Treasury Budget
Also:
- GLOBAL MARKETS-Euro pulls out of dive, stocks edge higher Reuters - 21 minutes ago ... * Euro pulls out of dive after falling below $1.05, dollar dips. * Euro govt bond yields grind lower as ECB buying continues. * South Korea surprises with rate cut to record low 1.75 pct.
- Fed Stress Tests Hit Big Banks - 3 hours ago Four U.S. big banks struggled to pass the Fed's stress tests while two foreign banks, Germany's Deutsche Bank (DB) and Spain's Santander (SAN), failed.
- Gold May Post Longest Losing Run Since 1998
- How Big Oil Is Profiting From the Slump
- The real surprise with Asia easing? More coming