All Blog Posts Tagged 'Talk:' (106)

We have Flat futures amid mixed overseas trade & earnings; GDP data due at 8:30 ET

Futures are flat this morning amid mixed overseas trade and earnings. S&P futures are +1 vs. fair value while DJ future are +14. In overseas trade, European markets are mixed (DAX +0.1%, CAC -0.4%, FTSE -0.4%), pulling back from intraday highs. European markets found a bid earlier on commentary from the EU's Rehn, who…

 Futures recovering a portion of late-day pullback; little new news with regard to Europe

While the U.S. market finished with a +1.1% gain yesterday, a late-day pullback left the market more than 1.5% off of its intraday highs. This morning, futures are recovering a portion of that late-day pullback (S&P futures +8, DJ futures +72), as European markets have strengthened over the course of their day. However,…

 Sharp losses continue as European concerns persist

Global markets traded sharply lower again overnight and U.S. equity futures are following suit this morning. S&P futures are at morning lows now, -2.0% and trading below last week's lows. Europe's fiscal state continues to be the primary source of concern, with continued worries about the impact of a possible Greece default. Last week Germany was reported to be…

Although yesterday's 1% selloff represented a poor start to the week, the U.S. averages finished at their best levels of the day, well off their morning lows. They are higher by ~1% this morning (S&P futures +14 vs. fair value; DJ futures +116), helped by strength overseas.

Overseas markets rebounded overnight, with strength in Asia (Nikkei +2.0%, Hang Seng +1.7%, Shanghai +1.8%) to begin the night, followed…

 Futures pointing to another big drop in U.S. markets after European markets lead sharp Monday selloff

U.S. futures are showing a continuation of Friday's weakness, with S&P futures -2.2% this morning following the long weekend. With the U.S. markets closed yesterday for Labor Day, markets around the world fell under significant pressure, led by a 4% drop in European markets. The drop in Europe was led by…

 U.S. futures flat ahead of tomorrow's Jackson Hole Symposium

The major equity markets around the globe are trading higher today following yesterday's strong gains on Wall Street. The strength comes following yesterday's better than expected headline reading for durable orders and the absence of any market rattling headlines from Europe.  U.S. equity futures have erased overnight loses and are now pointing to a flat…

 Early bounce underway

Global markets are getting a mixed start to the week, with strength in the U.S. and Europe following a weaker start to the week in Asia. U.S. equity futures are +1.1% (S&P futures +15 vs. fair value; DJ futures +120), as European markets hold decent gains at their mid-day (FTSE +2.0%, DAX +0.6%, CAC +1.6%). Earlier in the night, most Asian markets closed with losses (Shanghai -0.7%, Nikkei…

Futures getting a little relief following rout; FOMC on tap later today

U.S. equities are rebounding this morning, with S&P futures +10 vs. fair value and DJ futures +83. While these would normally be considered decent sized pre-market gains, the +0.9% gain represents only a minor bounce in the context of the relentless selling pressure that took the S&P 500 down 16.8% over the past 11 days. There hasn't…

 Relentless Selling Persists -Update-

The market remains under heavy pressure today, with the Dow -500 pts (-4.4%), S&P 500 -67 (-5.6%) and the Nasdaq Comp -150 (-5.9%). The surging VIX (+39% today) illustrates a growing sense of panic, and now prices in a +/- 2.8% daily move in the broad market (the VIX looks at volatility expectations that cover the next 30 days; the 2.8% move is a one standard deviation daily…

 Earnings Scorecard -- Q2 trends in-line with recent quarters; macro concerns take over -Update-

Following the last heavy week of earnings and yesterday's brutal market correction, we wanted to provide an update on how Q2 earnings are stacking up against the Street's expectations.

A little over 70% of the ~2500 companies that Briefing.com covers have reported over the…

 Continued pressure on global markets

Equity futures are under continued pressure this morning, with S&P futures -11 vs. fair value and DJ futures -94. At current levels, today marks the 7th consecutive down day for the S&P 500, which is -5.2% over that same period. This morning's weakness is an extension of concerns about the U.S. and European fiscal situations, with added concerns about sluggish U.S.…

 Nervousness grows about debt deal; VIX now +29% on the week

The market has taken out its morning lows and is now at its worst levels of the day/week (Dow -175, SPX -24, Nasdaq Comp -69). The weakness is an extension of pressure that has been building all week, as nervousness grows about the U.S. debt situation. Although the U.S. debt deadline of August 2nd has been known for quite some time, it didn't cause…

 China data helps global markets; Bernanke on tap

U.S. futures are higher this morning (S&P futures +10 vs. fair value, DJ futures +75), after global markets rebounded overnight. The release of better-than-expected Chinese GDP data is being cited as the primary positive catalyst, coming in at 9.6% YoY vs. expectations for ~9.3%. China's Shanghai Composite rose 1.5%, while Hong Kong's Hang Seng gained 1.2% and…

After selling off on disappointing employment data on Friday, U.S. futures are starting the week with further losses as concerns in Europe intensify around Italy (S&P futures are -13 vs. fair value; DJ futures are -85). Friday's selloff in Italian debt and equities were fueled by concerns that it would be the next heavily-indebted European nation to need help (after Greece and Portugal), and those fears are intensifying today after the EU called an emergency…

Futures are slightly higher (S&P futures +2 vs. fair value; DJ futures +30), but are likely to see volatility around the release of the June Employment Report at 8:30 ET. Expectations are that Nonfarm Payrolls will increase by 80K and that the Unemployment Rate will remain at 9.1%. Yesterday's better-than-expected ADP report bolstered expectations for today's data and the S&P is now up 6.7% over the past eight trading sessions, so even a good employment…

U.S. equity futures are showing modest gains this morning, with S&P futures +5 vs. fair value and DJ futures +32. The strength follows a mixed performance in overseas markets, with most Asian markets closing with losses while the major European are higher at their mid-day. Asian markets were under pressure in response to yesterday's Chinese rate hike (Nikkei -0.1%, Hang Seng -1.0%, Shanghai Comp -0.6%). In Europe, stocks are higher (FTSE +0.4%, DAX +0.4%,…

U.S. equity futures are flat as the markets resume trading quietly after a long holiday weekend (S&P futures are flat vs. fair value; DJ futures +14 vs. fair value). Overseas markets were mixed overnight, but overall they didn't see large fluctuations. Yesterday, foreign markets advanced amid light trade as the U.S. markets were closed.

Overnight, Asian stocks traded mixed near the flat line (Nikkei +0.1%,…