Bonds And Stock Indexes Rally On Contained Inflation Data
T-bonds and stock indexes are sharply higher following economic reports showing weaker-than-expected employment costs and an economy that is growing in-line with expectations. Bonds registered on the Multiple Days Low Volatility List and closed near the top of their daily range yesterday.
Natural gas is almost 4% lower, making good on its Turtle Soup Plus One Sell set up.
The Japanese yen is also making good on its Turtle Soup Plus One Sell set up.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds [USZ9>USZ9]: +25/32 to 112 8/32
• December S&Ps [SPZ9>SPZ9]: +37.30 to 1342.80
• December Dow futures [DJZ9>DJZ9]: +194 to 10,651
• December NASDAQ 100 futures [NDZ9>NDZ9]: +49 to 2527
Currencies
•December dollar index futures [DXZ9>DXZ9]: +.10 to 99.25
•December Japanese yen futures [JYZ9>JYZ9]: -.0073 to .9575
Energies•December crude [CLZ9>CLZ9]: -.60 to 22.32
•December natural gas [NGZ9>NGZ9]: -.123 to 3.100
Metals•December gold [GCZ9>GCZ9]: +3.2 to 297.4
•December silver [SIZ9>SIZ9]: +3.7 to 524.5
•December copper [HGZ9>HGZ9]: +.90 to 80.65
Grains•December wheat [WZ9>WZ9]: +2 to 258 1/2
Meats•November feeder cattle [FCX9>FCX9]: +.750 to 80.275
Softs and Fibers•December coffee [KCZ9>KCZ9]: +1.75 to 97.40