June
E-mini S&Ps (ESM13 -0.06%) this morning are down -1.75
points (-0.11%) ahead of the monthly U.S. payrolls report. The S&P 500
index on Thursday posted a 1-month low but recovered and closed higher. U.S.
stocks fell early on European stock market weakness after ECB President Draghi
dashed hopes of further ECB stimulus when he said that additional policy
measures, including negative deposit rates, are being kept “on the shelf.”
Stocks recovered, however, on speculation that Friday’s U.S. May non-farm
payrolls will be weak enough to cause the Fed to defer QE3 tapering. Closes: S&P
500 +0.85%, Dow Jones +0.53%, Nasdaq 100 +0.45%.
September 10-year T-notes (ZNU13 +0.13%) this morning are up +4.5 ticks. Sep 10-year T-note futures prices on Thursday closed higher. T-note prices saw some early strength on safe-haven demand with the sell-off in the S&P 500 to a 1-month low and on expectations for a weak payroll report on Friday, but T-note prices fell back from their best levels when stocks recovered and closed higher. Closes: TYU3 +7.5, FVU3 +2.50.
The dollar index (DXY00 -0.26%) this morning is down -0.188 (-0.23%). EUR/USD (^EURUSD) is up +0.0007 (+0.05%) and USD/JPY (^USDJPY) is down -1.58 (-1.63%) at a 2-month low. The dollar index on Thursday plunged to a 3-1/2 month low and EUR/USD surged to a 3-1/2 month high after ECB President Draghi said the Eurozone economy should recover this year and that additional policy measures, including negative deposit rates, are being kept “on the shelf.” Stop-loss selling took USD/JPY to a 1-1/2 month low. Closes: Dollar index -1.012 (-1.23%), EUR/USD +0.01529 (+1.17%), USD/JPY -2.09 (-2.10%).
July WTI crude oil (CLN13 +0.46%) this morning is up +54 cents a barrel (+0.57%) and July gasoline (RBN13 +0.33%) is up +0.0076 (+0.27%). July crude oil and gasoline Thursday closed higher with July crude at a 1-week high after the dollar index tumbled to a 3-1/2 month low and after ECB President Draghi said he expects Eurozone economic growth to stabilize. Gasoline prices found support from Wednesday’s EIA data that showed weekly gasoline supplies fell -366,000 barrels to a 6-week low of 218.8 million bbl in PADD 1, which includes New York harbor, the delivery point for the Nymex gasoline contract. Closes: CLN3 +1.02 (+1.09%), RBN3 +0.0279 (+0.99%).
September 10-year T-notes (ZNU13 +0.13%) this morning are up +4.5 ticks. Sep 10-year T-note futures prices on Thursday closed higher. T-note prices saw some early strength on safe-haven demand with the sell-off in the S&P 500 to a 1-month low and on expectations for a weak payroll report on Friday, but T-note prices fell back from their best levels when stocks recovered and closed higher. Closes: TYU3 +7.5, FVU3 +2.50.
The dollar index (DXY00 -0.26%) this morning is down -0.188 (-0.23%). EUR/USD (^EURUSD) is up +0.0007 (+0.05%) and USD/JPY (^USDJPY) is down -1.58 (-1.63%) at a 2-month low. The dollar index on Thursday plunged to a 3-1/2 month low and EUR/USD surged to a 3-1/2 month high after ECB President Draghi said the Eurozone economy should recover this year and that additional policy measures, including negative deposit rates, are being kept “on the shelf.” Stop-loss selling took USD/JPY to a 1-1/2 month low. Closes: Dollar index -1.012 (-1.23%), EUR/USD +0.01529 (+1.17%), USD/JPY -2.09 (-2.10%).
July WTI crude oil (CLN13 +0.46%) this morning is up +54 cents a barrel (+0.57%) and July gasoline (RBN13 +0.33%) is up +0.0076 (+0.27%). July crude oil and gasoline Thursday closed higher with July crude at a 1-week high after the dollar index tumbled to a 3-1/2 month low and after ECB President Draghi said he expects Eurozone economic growth to stabilize. Gasoline prices found support from Wednesday’s EIA data that showed weekly gasoline supplies fell -366,000 barrels to a 6-week low of 218.8 million bbl in PADD 1, which includes New York harbor, the delivery point for the Nymex gasoline contract. Closes: CLN3 +1.02 (+1.09%), RBN3 +0.0279 (+0.99%).
No comments:
Post a Comment