The Day Ahead: Jobless Claims, Trade Balance, Bond Auction
Posted To:MND NewsWire
Ahead of weekly labor data and the monthly trade balance equity futures are pointing higher. Dow futures up 29 points to 10,359 and S&P 500 Futures up 4.25 points to 1,100. Meantime, the US dollar is flat, WTI Crude oil is up 38 cents to $71.05 per barrel, and Spot Gold is trading $4.10 lower to $1,124.50. European stocks are also trading higher for the first time this week. London’s FTSE 100 France’s CAC 40 are up about 0.65%. Sentiment on both sides of the Atlantic if data at 8:30 is indicative of strong recovery. Key Events Today: 8:30 ? The Trade Balance is expected to be unchanged from the previous month. In September exports rose a healthy 2.9% but imports simply soared 5.8%, expanding the trade deficit to $36.5 billion from $30.7 billion. October’s balance is expected…(read more)
This mortgage update is brought to you by: Patrick McGee – You can read the full article at The Day Ahead: Jobless Claims, Trade Balance, Bond Auction
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