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Benzinga Market Primer: Monday, July 1
Monday, July 1, 2013 - 6:34am | 1076Futures Rise Despite Weak China Data U.S. equity futures rose in early pre-market trade despite weak manufacturing data out of China. The official manufacturing PMI fell to a four-month low of 50.1 in June from 50.8 in May, in line with expectations. However, the HSBC manufacturing PMI, which...
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Weekly Preview: Economics, Employment Report, Fed to Drive Markets In Shortened Week
Friday, June 28, 2013 - 4:07pm | 1138In the upcoming week, markets will eye key economic data points in the shortened week due to the Fourth of July holiday. To note, markets will be closed on Thursday and Wednesday is a shortened trading day for equities. Key Earnings The only notable company to report earnings next week is...
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The Little Guy is Getting Screwed... But Nothing is Different
Thursday, June 13, 2013 - 11:19am | 644News coverage over the past day has focused on a CNBC report that Reuters and the University of Michigan were gaming investors by selling their Consumer Confidence Survey early to premium and super premium customers. Is this really news? Is this really a crisis? Is this different to the way it...
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Credit Suisse Boosts S&P 500 Price Target 15% As Bank Sees 'Too Much Pessimism On Tapering'
Wednesday, June 5, 2013 - 10:37am | 1304As the U.S. stock market trades near record highs, Credit Suisse has boosted its year end price target for the S&P 500 as the bank sees overdone pessimism on tapering fears and better earnings revisions. The bank also posted a price target for the end of 2014 that implies about a 15 percent...
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ISM Manufacturing Index Drops in May, Shows Contraction
Monday, June 3, 2013 - 10:44am | 878The ISM Manufacturing Index was released Monday morning and it showed that the manufacturing sector contracted in May. The Index came in at 49.00, less than April's 50.7 and below the consensus forecast of a reading of 51.0. Comments from the ISM were also negative, especially those looking-...
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Global Manufacturing PMIs Rise in May, U.S. Reports in Focus
Monday, June 3, 2013 - 8:34am | 537Global Manufacturing PMIs showed an improved economy in May as compared to April. Reports from China to the U.K. over the weekend and early Monday pointed to a rebound in Chinese manufacturing, slower contraction in the eurozone, and growth in the U.K. Chinese Manufacturing On Saturday, June 1,...
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Benzinga Market Primer: Monday, June 3
Monday, June 3, 2013 - 6:35am | 997Futures Slightly Higher as Global Shares Drop U.S. equity futures traded slightly higher in early pre-market trade despite weakness elsewhere around the world. Better than expected manufacturing PMIs across the eurozone are helping to prop assets despite sustained weakness in emerging markets...
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Weekly Preview: Non-Farm Payrolls, Global PMIs In Focus
Friday, May 31, 2013 - 4:38pm | 2017In the upcoming week, all eyes will be on key economic data both domestically and around the world and markets will be especially sensitive to the effect of these data points on Fed policy. Concerns over Fed tapering its Quantitative Easing program sent markets whip-sawing in the previous week and...
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Benzinga Market Primer: Wednesday, May 1
Wednesday, May 1, 2013 - 6:37am | 1110Futures Higher Ahead of Key Economic Data, Earnings U.S. equity futures rose in early pre-market trade ahead of key earnings and economic data. The FOMC rate decision and policy statement is due out later today as well as the ISM Manufacturing Index and earnings from many key companies. Top News...
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Benzinga Market Primer: Monday, April 1
Monday, April 1, 2013 - 6:42am | 782Futures Lower On Chinese Growth, Italian Political Fears U.S. equity futures slipped in early pre-market trade Monday as China's economy took a setback in March and Italy's political crisis flared over the weekend. China's manufacturing sector grew slower than expected in March, with the official...
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Weekly Preview: Non-Farm Payrolls, Global Central Banks in Focus
Friday, March 29, 2013 - 2:44pm | 937Next week, investors eyes will be on the economy as well as some key company earnings as markets attempt to continue to make new highs. In the past week, the S&P 500 Index breached its previous closing high of 1,565.40. Investors now look to economic indicators as to the next move for markets...
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Benzinga Market Primer: Friday, February 1: Non-Farm Payrolls Edition
Friday, February 1, 2013 - 7:27am | 861Futures Rise Ahead of Non-Farm Payrolls, Manufacturing Data U.S. equity futures rose strongly in the pre-market ahead of the much awaited Non-Farm Payrolls report. Also, positive macroeconomic signs were seen in the form of stronger than expected manufacturing PMI's in China and the Eurozone...
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Benzinga Market Primer, Tuesday, December 4
Tuesday, December 4, 2012 - 7:21am | 928Futures Flat Following Wall Street Sell Off U.S. equity futures were flat in pre-market trading Tuesday following Monday's late day sell off. Stocks teetered around flat for most of the day Monday but sold off into the close on fears that a Fiscal Cliff deal is still a long ways away. Also, the...
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Benzinga Market Primer, Monday October 1
Monday, October 1, 2012 - 6:16am | 834U.S. equity futures rose in early Monday trading as Europe's manufacturing sector shrank less than previously thought in September and Spain's bank stress tests showed that its financial sector needs less capital than previously thought. The benchmark Eurozone Manufacturing Purchasing Managers...
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Benzinga Market Primer, Tuesday September 4
Tuesday, September 4, 2012 - 7:59am | 707U.S. equity futures were flat in early Tuesday trading following the long weekend as investors await the European Central Bank's interest rate decision this Thursday and, more importantly, the decision on a bond-buying plan. Doubts still remain amongst traders that ECB President Mario Draghi has...