Little Action On The Futures Front
It’s a relatively slow day so far, with the major economic report of the morning failing to ignite much in the way of market fireworks. T-bonds are off around one-half point and stock indexes are mixed (but making a slight push toward the up side) in reaction to this morning’s higher-than-expected Producer Price Index (PPI). Bonds are roughly where they were when the report was released at 8:30 AM ET.
Gold is one active spot, with the futures up over $6 at mid-day.
Currencies are rallying moderately in response to the shakiness in the dollar and the bonds.
Energies are in the plus column, while grains are down on the day, with soybeans leading the slide.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds (USZ9): -19/32 to 113 26/32
• December S&Ps (SPZ9): +7.50 to 1379.50
• December Dow (DJZ9): unch. at 10650
• December NASDAQ 100 (NDZ9): +38.65 to 2824.00
Currencies
•December dollar index (DXZ9): -.35 to 99.92
•December Euro currency (ECZ9): +390 to 104560
•December Japanese yen (JYZ9): +.0034 to .9608
•December British pound (BPZ9): +.0024 to 1.6256
Energies•December crude (CLZ9): +.42 to 24.45
Metals•December gold (GCZ9): +6.50 to 299.60
Grains•November soybeans (SX9): -8 3/4 to 462
Softs and Fibers•December cocoa (CCZ9): +17 to 822
•December coffee (KCZ9): +.10 to 113.50
•December cotton (CTZ9): -.14 to 50.70