T-bonds Buoyed By Higher Productivity
March T-bonds are rallying for a third day, testing resistance at 94 5/32 on today’s Labor Department report that showed productivity rose at an upwardly revised rate of 4.9%, the fastest pace in seven years.
Buck Buckles On Resurgent Europe
Dollar index futures [DXZ9>DXZ9] took one of their biggest dives of the year following a barrage of reports from Europe showing a stronger-than-expected continental economy.
Dollar Off Sharply On Rebound In European Economic Outlook
Dollar index futures are more than 1.6% lower as traders focused on a barrage of economic information suggesting a stronger Europe.
Jobs Report Spurs Stock Indexes To New Records
Stock index futures surged on news of a better-than-expected jobs report. Unemployment held steady at 4.1% but wage growth slowed unexpectedly in November and Wall Street interpreted that as a signal to buy equities and index futures.
Jobs Report Spurs Stock Index Buying Frenzy
Stock index futures surged on news of a better-than-expected jobs report. Unemployment held steady at 4.1% but wage growth slowed unexpectedly and Wall Street and Wacker Drive (where stock indexes futures are traded in Chicago) are interpreting the Labor Department’s report as a signal to buy.
Coffee Pops (Then Drops) And Nasdaq 100 Rallies
Coffee [KCH0>KCH0] had a wild day, gapping open and surging as many as 13 to a contract high before hitting resistance at 150 and selling off on profit-taking.
Coffee Splurges
Coffee is trading at a new contract high after a one-day pullback. The March contract, which registered on the Momentum-5 List,
surged on uncertain production reports from Brazil, the world’s major growing region.
Oil Stages Late Rally
Crude oil [CLF0>CLF0] jumped .50 in the last half-hour of trading to end on an up-note, turning around a two-day slide that took the contract as much as 10% lower. The January contract ended .36 higher at 24.95.
Crude Continues Slide
Crude oil is lower for a third day, racking up a three-day loss of 10%, so far. OPEC’s only Asian member, Indonesia, indicated it wants to increase its oil exports and this threatens the cartel’s production-limit agreement that has acted to doubled prices over the past six months.
Coffee Perks Higher
Coffee [KCH0>KCH0] rallied for a second day off ten-day lows, nearly matching contract highs in one of its biggest surges of the year.
Coffee Continues Rebound
One of the most volatile contracts recently, coffee, is rallying following continued dry weather in the world’s largest growing area, Brazil.
Cocoa is off over 3% after one of its biggest up days of the year yesterday.
Cocoa And Coffee Beans Jump
March cocoa [CCH0>CCH0] surged in one of its biggest days of the year, potentially turning around a downtrend that took the commodity to a multi-year low seven days ago.