Santa Rally
Stock index futures are rallying in the last day of a week shortened by the Christmas holiday on Friday.
Oil And Product Futures Tumble
Tuesday’s American Petroleum Institute’s (API) weekly report showed stockpiles did not fall as much as predicted, spurring selling of crude oil, unleaded gas and heating oil.
Beans Bolt Higher On South-Of-The-Border Dryness
Forecasts for above normal temperatures in one of Brazil’s largest soybean growing states sparked a fund-led rally in the bean complex.
Embrapa Report Trounces Coffee
A long-awaited estimate of the crop from Embrapa, the Brazilian government’s research body, showed coffee has been negatively impacted by dry weather but outlooks for production were not as bad as feared, sending New York March futures more than 10% lower on the news.
Fed Inaction Inflates Nasdaq 100 Futures
NASDAQ 100 futures (NDH0) posted one of their biggest gains ever after the Federal Reserve’s open market committee held steady on interest rates and left its tightening “bias” unchanged.
Coffee And Soybeans Rally On A Dry South America
Dry weather in Brazil is giving a boost to coffee and soybeans Monday morning. Brazil is the world’s largest producer of coffee and trails the United States as the second largest exporter of soybeans.
T-bonds Hit Bottom Before FOMC Meeting
T-bonds (USH0) tumbled for a sixth consecutive day, matching a contract low one day prior to the Federal Open Market Committee’s (FOMC) final meeting of the millennium.
Across-The Board Gains, Again, For Stock Indexes
Stock index futures are rallying again, gaining as equities rise on a friendly housing construction report and strong corporate earnings by Nike and Adobe Systems.
Nasdaq 100 Juggernaut Jumps, Leading Stock Indexes higher
A friendly November housing starts report and strong corporate earnings by Nike and Adobe Systems gave Nasdaq 100 futures (NDH0) the excuse they needed to gap open 78 points to a new high.
Bonds Get The Inflation Blues, But Nasdaq 100 Tops 100-point Gain
A record trade deficit, the lowest weekly jobless claims numbers in 26 years, and surging retail sales numbers from Tuesday all converged on the T-bond market and sent the March contract [USZH0>USH0] down 25/32 to a six-week low of 91 27/32
Bonds And Buck Buckle But Nasdaq 100 Straps To A New Record
The combination of a record trade deficit and the lowest weekly jobless claims numbers in 26 years, is riling the T-bond market and sending dollar index futures to one of their biggest losses of the year.
Crude Rises As Supplies Slip
Crude oil futures [CLF0>CLF0] and its distillates surged more than 2% each on American Petroleum Institute data showing a steep decline in inventories.