Jobless Claims, ISM Manufacturing, Treasury Auction Terms

by devteam April 1st, 2010 | Share

On the first day of Q2 2010, equity futures in the US are looking for a sharply higher open after investor sentiment was boosted by positive data in Asia.

In Japan, the Tankan survey of large manufacturers rose to -14 in Q1 from -24 previously, as expected, while the non-manufacturing index increased from -22 to -14, beating the consensus by 4 points. 

In China, the manufacturing PMI jumped from 52.0 to 55.1 in March, just beating expectations for 55.0.

Ninety minutes  before the opening bell in the US, Dow futures are up 50 points to 10,847 and S&P 500 futures are up 5.00 points to 1,170.25. In contrast, WTI crude oil is up 58 cents to $84.34 per barrel and Spot Gold is trading $2.48 higher to $1,115.73.

Whether those gains are maintained will depend on the most recent weekly labor data survey, as well as the key nationwide ISM manufacturing survey released mid-morning. 

Key Events Today:

8:30 â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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