Confidence Men
Interest rate futures are surging after consumerconfidence hit a five-year low. Consumer confidence is being particularlyclosely watched because Alan Greenspan mentioned in recent Congressionaltestimony on the economy that it will play a pivotal role in any economicrecovery. T-bonds
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Heaven Sent
Financial futures bulls had prayers answered today after
Rate Rumors Rally Greenback
Currency markets had their first chance to respond toex-Federal Reserve governor Wayne Angells comments made late Friday that thereis a 60% chance the Fed will cut interest rates this week, nearly one monthbefore the monetary policy boards regularly scheduled meeting in March.March dollar i
Euros Explode After Turtle Soup, Stocks
Both euro FX (ECH1) and
Swiss francs futures (SFH1) lifted off
Inflation Jumps, Bonds Vault
Debt futures reeled this morning after prices at thewholesale level leapt by their biggest margin in 10 years. The Producer PriceIndex (PPI) rose 1.1% and .7% at the core level, blowing away estimates.T-bonds ( USH1 | Quote | Chart | News | PowerRating) plunged within two ticks of a point in just 30 minuteson the […]
Bonds Vault
Debt futures reeled after prices at the
General’s Lieutenant Strafes Financial Futures
Echoing Central Bank Chief Alan Greenspans comments thisweek to the Senate that the economy is not as bad as the market has discounted,Richmond Fed President Alfred Broaddus said Thursday in remarks at a college inGreensboro, N.C. that pundits have portrayed a darker picture aboutthe economy than
Naz Screams Again
Nasdaq 100 futures strung together their first
Telephone Rings Dow Futures
AT&T
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PowerRating) said it omitted financialinformation in a recent Securities and Exchange Commission filing which willdelay the transferring of shares from the parent to its wireless division. Italso said it would
Cheaper Utility Bill
Natural gas (NGH1) futures dived today as
Greenspan Lifts The Greenback
Comments from Fed Chair Greenspan are working to boost the dollar. Greenspantold the Senate Banking Committee that the "central tendency of individualFOMC members forecasts for GDP growth this year" are in the 2% to 2.5%range. This mornings surprisingly strong retail sales numbers from
The Chairman Moves Markets
Financial futures gyrated wildly today as traders
digested