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The Day Ahead: Financial Reform, Trade Balance, Treasury Budget, Jobless Claims, Bond Auction
Posted To: MND NewsWire Stocks are likely to open sharply higher this morning as a strong global session, China excluded, leads the way into positive territory. Ninety minutes before the opening bell, S&P 500 futures are up 10 points to 1,065.50 and the Dow futures contract is +73 at 9976. The 2-year Treasury note yield is 2 basis points higher at 0.746% and the benchmark 10-year note yield is 3.3 basis points higher at 3.211%. NYMEX crude oil futures are +41 cents at .49 per contract while Gold is down .90 to ,226.00. Stocks in China fell 0.82% today despite strong data indicating that its trade surplus expanded to .5 billion in May. Exports surged 48.5% versus May 2009 and imports rose 48.3%. Also, exports to the EU were up 49.7%. But stocks elsewhere rallied: Taiwan share jumped 1.56%, Japan’s...(read more)
The Day Ahead: Bernanke On Capitol Hill, Treasury Auction, Inventories, Beige Book
Posted To: MND NewsWire Global markets were mixed overnight but domestic stock futures are higher as investors wait for the latest economic assessment from Federal Reserve chairman Ben Bernanke. Ninety minutes before the opening bell, Dow futures are up 51 points to 9,965 and S&P 500 futures are 7.50 points higher at 1,066.75. The 2-year Treasury note is 2 basis points higher in yield at 0.766% while the benchmark 10-year note yield up 3.1 basis points to 3.222%. WTI crude oil is up
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 Pet Nutrition Center - Solana Beach, CA .82 to .81 per barrel, but Spot Gold is down You are a Recent College Graduate, Have a
You are a Recent College Graduate, Have a Job and Now What? Start your savings account immediately and if at all possible have your money directly deposited into your account. Here is a list of the average salaries for college graduates.Accounting - ,039; Management - ,811;Teaching - ,733; Sales - ... .48 to ,236.07. China’s Shanghai index closed up 2.78%, but Japan’s Nikkei fell 1.04%. In Europe, stocks are mostly higher with London’s FTSE 100 up 0.28%, the CAC up 0.86%, and the DAX +0.90% Last night, Kansas City Fed President Thomas Hoenig said the central...(read more)
Private Mortgage Insurers Make Push For FHA Business; GSEs Roll Out Uniform Data Program Details; Bulletins From BoA and Wells
Posted To: Pipeline Press A man rushed into a busy doctor's office and shouted, "Doctor! I think I'm shrinking!" The doctor calmly responded, "Now, settle down. You'll just have to be a little patient." Lock desks around the nation will have to be a little more patient, as the MBA released its weekly application figures showing that apps were down 12.2% last week . Purchases (-5.7%) hit a 13-year low, and down 35% from only a month ago. Refi apps were down over 14% but still make up more than 72% of applications. Given that 30-yr residential rates are 0.5% below where they were in April, the tax credit issue is obviously a concern; agents have a sense that most "refinanceable" clients - credit-wise and property-wise - have already done refinanced. All over the United States...(read more)
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