welcome
S&P futures vs fair value: -0.10. Nasdaq futures vs fair value: +2.00.
A lackluster finish to the prior session and a flat dollar have left stock
futures to hover along the unchanged line in premarket trade. Corporate news
flow has been rather light, but J.
Crew Group (JCG) and Collective
Brands (PSS) both announced last evening
better-than-expected earnings for the latest quarter. In other news, the Greek
government plans to raise more money through another bond offering, which is
intended to help it remedy its fiscal woes. Meanwhile, Reuters reported this
morning that some Democrat senators are seeking a wider version of the proposed
Volcker Rule that would place new limits on proprietary trading at banks and
nonbank financial firms. Participants get their first dose of economic data in
several days with the release of wholesale inventory numbers at 10:00 AM ET and
the monthly Treasury budget at 2:00 PM ET. Typically, neither report causes
much of a stir, though.
futures to hover along the unchanged line in premarket trade. Corporate news
flow has been rather light, but J.
Crew Group (JCG) and Collective
Brands (PSS) both announced last evening
better-than-expected earnings for the latest quarter. In other news, the Greek
government plans to raise more money through another bond offering, which is
intended to help it remedy its fiscal woes. Meanwhile, Reuters reported this
morning that some Democrat senators are seeking a wider version of the proposed
Volcker Rule that would place new limits on proprietary trading at banks and
nonbank financial firms. Participants get their first dose of economic data in
several days with the release of wholesale inventory numbers at 10:00 AM ET and
the monthly Treasury budget at 2:00 PM ET. Typically, neither report causes
much of a stir, though.
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