NEW YORK, March 29 (Reuters) – U.S. crude futures rose more than $2 on Monday, opening strongly in New York trading, as a weaker dollar and stronger equities markets bolstered by economic data helped lift crude oil futures. Stronger consumer sentiment in the euro zone and a forecast for strong growth in China… read more
Tag Archives: economic news
Initial Jobless Claims [3/25/2010]
According to Reuters: Initial claims for state unemployment benefits fell 14,000 to a seasonally adjusted 442,000 in the week ended March 20, the Labor Department said. The report included annual revisions to the weekly unemployment claims seasonal factors going back to 2005. * Using the old seasonal factors, claims would have dropped only to 453,000,… read more
Livestock News
Chicago Mercantile Exchange live cattle futures were lower early on Wednesday in electronic trading amid carry-over technical selling and pressure following weakness in other commodities. Hog futures were lower with the weak tone to cash markets weighing on April and premium to cash pressuring other months.… read more
Livestock Calls
Chicago Mercantile Exchange live cattle futures were steady to higher early on Tuesday in electronic trading, rebounding from Monday’s sharp losses, on support from a higher beef market. Hog futures were mixed with a weak cash hog market weighing on April while strong technicals and lower-than-year ago pork stocks supporting deferred months.… read more
Early Call for grains
Early Call:Corn, Wheat Mixed, Soy Up 1-2 cents… read more
Unemployment [3/5/2010]
Unemployment rate unchanged as 36K jobs lost By CHRISTOPHER S. RUGABER AP Economics Writer WASHINGTON (AP) — The unemployment rate held at 9.7 percent in February as employers shed 36,000 jobs, fewer than expected. The figures suggested the job market is slowly healing but that significant hiring has yet to occur. The Labor Department said… read more
Corrective bounce over in T-Bonds, major selling opportunity. [chart]
Foreign holdings of U.S. treasuries fell by a whopping $53 billion in December, the largest amount ever. the rconrd drop should be considered a leading indicator that the government might have to pay higher interest rates on its debt to continue to attract investors. This was weighing on the market today, as it traded below the prior pivot… read more
PPI [2/18/2010]
PPI rose 1.4%, however estimates were expected to come in around 0.7%. Whoelsale prices shot up at double the expected rate in Jan.… read more
Initial Jobless Claims [2/18/2010]
Initial jobless claims were up 31,000 to 473,000. Expectations were pegged at 430,000; however this data added to worries that a bleak job market will severely hamper the U.S. economic Recovery. These numbers also provide a potential argument for the Federal Reserve to keep interest rates near record lows.… read more