Good morning, on this the 348th day of 2004. This morning’s positive retail sales number and upward revisions to prior numbers has lent enough support to pre-open stock index futures prices to keep them near Friday’s high – they had been trading on both sides of Friday’s high since Globex opened on Sunday.
The US Dollar Index is off a touch from last week’s highs, and may set Gold up for a test of last week’s lows that will pass or fail this week; Crude prices were trading a little weaker earlier today, helping firm up stock index futures; Oracle has its bid for PeopleSoft finally accepted by management; and the big question of the week on trader’s minds is what the Federal Reserve will do and say in tommorrows interest rate policy announcement.
US Market Calendar
- 8:30 am: Business Inventories
- 8:30 am: Retail Sales
Canadian Market Calendar
- 8:30 am: New Motor Vehicle Sales – Oct.
Earnings and the Federal Reserve
For earnings highlights, please see today's WSJ Earnings Calendar.
For a list of upcoming speeches, congressional testimony, Federal Open Market Committee material, and statistical releases, please visit the What's Next page of The Federal Reserve Board website. Recently released Federal Reserve Board material, including market moving FOMC decisions and speeches by members, will be found on their What's New page.
04.12.13 08:43 #