Merry U.S. Bonds
Marc Dupee will be out of the office until
October 9. In his absence this column is being written by TradersWire’s Duke
Heberlein.
Earnings warnings drove down stocks in the U.S. markets
Friday, spurring a flight into bonds and pressuring the stock index futures.
December T-bonds
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10-year notes
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the jobless numbers announced on Friday as a signal that the Federal Reserve
will consider inflation to still be a threat, other than keep a neutral
position. This added to the downside pressure on the indices, which took the
futures down. Dow futures
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lost 32.50 to end the trading day at 1423.50.
Energies for the most part enjoyed a bounce Friday after
consecutive days of dropping contract prices. Crude oil
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at 30.86, with November heating oil
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.0022 to .9294, and unleaded gasoline
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gas
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December dollar index futures
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climb higher, adding on .06 to end at 114.60. The Japanese yen
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was able to close positive, up .0027 at .9302. The Euro FX
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a new low since the ECB’s intervention, sliding down .0012 to .8709, in tandem
with the British pound
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dollar
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from lows and closed poorly, sinking
.0029 to .6666, while and Swiss francs
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unchanged at .5750.
December cocoa
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in the past three sessions, digested some of those gains Friday, giving back 5
points to close at 830. Coffee
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strength in the softs, gaining .75 to 79.45 and .36 to 64.18, respectfully. November
orange juice
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Corn
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consolidating further following its trading range breakout. December wheat
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to the downside 1 point at 167.9.
In the meats, October live cattle
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possibly due to increased slaughter and meat production for the last period.
Feeder cattle
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mixed, with bellies
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hogs
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