Markets Await Jobless Claims and Home Sales

by devteam March 4th, 2010 | Share

The futures market is pretty quiet this morning as investors await the jobless claims report today and the month’s unemployment report tomorrow. Also on deck today are revisions to the fourth quarter’s productivity and costs report, and the first look of the year at pending home sales.

In Europe, Greece hit the market a well-bid sale of 10-year bonds.

“The bonds are being offered with a premium yield of a little under 6.5%, while the 10-yr is trading closer to 6% currently,” analysts from BMO said. “The ability to sell debt and accept that a premium must be paid are steps forward for Greece. A large amount of debt will still need to be issued over the next three months, but progress is a positive for Europe and global markets.”

Ninety minutes before the opening bell, Dow futures are up 8 points to 10,395 while S&P 500 futures are slightly off, down 0.40 points to 1,118.20.

Commodities are also mixed. WTI crude oil is flat at $80.84 per barrel and Spot Gold is up $6.60 per ounce to $1,144.00.

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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