Search

Markets Optimistic Ahead of Big Day

by devteam July 1st, 2009 | Share

The first trading session of the third quarter is a heavy one for markets. Just one day ahead of the June employment figures, markets will get the closely watched ISM Manufacturing Index, the Pending Home Sales Index, the ADP private employment report, and more.  

Prior to any of the data, the U.S. dollar is looking weaker, but equities are poised to recover from the Tuesday sell-off, and WTI crude is up $1.50 to just under $72 per barrel.

“Today brings a raft of potential market-moving reports on employment, the industrial sector, and the housing market,” said Ian Shepherdson from HFE. “When the dust settles, we expect the data to support our view that the post-Lehman crash in activity is over, but we don’t expect to see unambiguous evidence that a real recovery is underway.”

He added: “That likely won’t stop the markets from taking the recovery view, however.”

Key Releases:

8:15 â€

About the Author

devteam

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

See all blogs
Share

Comments

Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...