Update: 9:42 AM. Click HERE for Technical Report
Morning Newswire
Good Morning. Equity markets were mixed last night. EU stocks are softer. Precious metals have a slight bid to them on the back of the fading USD rally, and we expect liquidity to decrease as people square up books for Friday's Jackson Hole Yellen festival. Significant economic numbers due today are Initial jobless claims at 8:30 and Nat Gas inventories at 10:30- Soren k.
"Everything the Fed has done since 2007 has been designed to get people, gov'ts and corps into more debt"- Rudy Havenstein on twitter
Market News
Europe markets lower; miners, health care stocks slide 2%; Yellen speech in focus at CNBC Thu 5:28amAsian stocks meander as investors stay on Yellen watch at MarketWatch Thu 4:55amDrugmakers, Miners Send British Stocks Toward Three-Week Low at Bloomberg Thu 4:37amAsian shares wobble as markets await comment from Yellen at AP Thu 4:24amFTSE 100 struggles as miners, drug makers pull lower at MarketWatch Thu 4:17amGold's biggest buyers aren't buying like they used to at Business Insider Thu 1:17amLive: European stocks slip on miners; Glencore down more than 4% at CNBC Thu 12:42amSix Key Charts That Tell The Market Story at Forbes Wed 8:54pmMost Asian Stocks Fall Before Yellen as Commodity Shares Slide at Bloomberg Wed 8:15pmSmall Fortunes Favor Hong Kong at Bloomberg Wed 5:00pmIt's been a painful day for commodities at Business Insider Wed 2:34pmGlobal News
- Clinton's Gold Rush: $18 million raised on three-day swing-AP
- Wall Street eyes data, Friday's Yellen speech- CNBC
- European Stocks Retreat as Dollar Rally Fades Before Yellen -BBG
- UBS: Technical Indicators Portend Danger for S&P 500 Bulls- BBG
- S&P 500, Nasdaq close near records as housing data boosts stocks- MW
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Buy gold if you don't want to end up in tears - Jim Grant
Market Prices
Economic Calendar
DateTime (ET)StatisticForActualMarket ExpectsPriorRevised FromAug 2310:00 AMNew Home SalesJul654K580K582K592KAug 247:00 AMMBA Mortgage Index08/20-2.1%NA-4.0%-Aug 249:00 AMFHFA Housing Price IndexJun0.2%NA0.2%--Aug 2410:00 AMExisting Home SalesJul5.39M5.54M5.57M--Aug 2410:30 AMCrude Inventories08/202.501MNA-2.51M-Aug 258:30 AMInitial Claims08/20-265K262K-Aug 258:30 AMContinuing Claims08/13-NA2175K-Aug 258:30 AMDurable OrdersJuly-3.5%-4.0%-Aug 258:30 AMDurable Orders, Ex-TransportationJuly-0.4%-0.5%-Aug 2510:30 AMNatural Gas Inventories08/20-NA22 bcf-Aug 268:30 AMGDP - Second EstimateQ2-1.1%1.2%-Aug 268:30 AMGDP Deflator - Second EstimateQ2-2.2%2.2%-Aug 268:30 AMInternational Trade in GoodsJuly-NA-$63.3B-Aug 2610:00 AMMichigan Sentiment - FinalAug-90.690.4-
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