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Benzinga Market Primer: Friday, May 3: Non-Farm Payrolls Edition
Friday, May 3, 2013 - 6:24am | 1140Futures Lower Ahead of Non-Farm Payrolls, Lower EU Outlook U.S. equity futures traded lower in early pre-market trade ahead of the Non-Farm Payrolls report for April and following the EU Commission cutting its growth forecasts. Looking at Non-Farm Payrolls, economists surveyed by Bloomberg are...
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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: Wednesday, April 17
Wednesday, April 17, 2013 - 6:45am | 1267Futures Lower on Weak U.K. Employment Data, Easing Fears U.S. equity futures declined in the pre-market following weaker than expected U.K. employment data which showed that the U.K. economy lost jobs unexpectedly in March. Also, fears over the massive global QE, specifically in the U.S. and Japan...
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Mervyn King Sends Sterling Lower; Inflation Risks Outweighed by Pro-Growth Policy
Wednesday, February 13, 2013 - 11:39am | 530Outgoing Bank of England Governor Mervyn King sent the pound lower against major pairs Wednesday following the publication of the Bank of England's Quarterly Inflation Report. The report and the ensuing press conference reiterated the Bank's stance to maintain loose policy, even as inflation...
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Benzinga Market Primer: Monday, January 28
Monday, January 28, 2013 - 7:46am | 806Futures Flat on Global Weakness U.S. equity futures were flat in pre-market trade Monday as weakness in European share spilled over into futures markets in the U.S. However, the moves come in spite of a rally in financials in Italy as Banco Monte Dei Paschi di Sienna had its capital plan approved...
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Previewing This Week's Central Bank Decisions
Monday, December 3, 2012 - 11:25am | 548This week, five key central banks are expected to release their updated interest rate decisions and comment on the state of both domestic economies. The European Central Bank and the Bank of England should steal the headlines and attract the most attention, however the Reserve Bank of Australia,...
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Benzinga Market Primer, Wednesday November 28
Wednesday, November 28, 2012 - 7:39am | 868Futures Drop on Fiscal Cliff Fears U.S. equity futures fell in pre-market trading as traders renewed fears over the fiscal cliff saw stocks skid Tuesday and futures continue to move lower overnight. Comments from Senate Majority Leader Harry Reid Tuesday that Congressional leaders were not...
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Benzinga Market Primer, Tuesday November 27
Tuesday, November 27, 2012 - 7:23am | 911Futures Flat on Greek Deal U.S. equity futures were flat in early Tuesday trade as the Troika of lenders reached an agreement to disburse Greece's latest bailout tranches and give the nation more time to repay its bailout loans. Ministers agreed to cut the interest rate Greece has to pay on its...
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ECB, BoC, RBA, Fed: Central Bank Watch 2.0, Predicting More Twist
Wednesday, June 6, 2012 - 9:54am | 935On Monday, I highlighted that this week was was full of central bank activity, with speeches from officials and rate decisions around the world. So far, the Bank of Canada, the Royal Bank of Australia, and the European Central Bank have all reported, so let us recap the decisions there. Also, many...
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Calling All Crisis Resolutions: Central Bank Watch
Monday, June 4, 2012 - 11:05am | 518This week, five central banks are set to report their interest rate decisions and Chairman Ben Bernanke is set to testify on his economic outlook. This a full calendar, and with traders, investors, and analysts alike clamoring for some form of added liquidity, it is interesting to see what moves...