New Home Sales, $42bn 5 Year Treasury Notes, FOMC Statement

by devteam January 27th, 2010 | Share

News from Asia has pushed the global stock market down after Toyota said it would stop production and sales on eight of its recalled vehicles.

Japan’s Nikkei index hit a 5-week low after the Toyota news, despite a positive trader report that showed exports were 12.1% higher than one year ago. The new trade destination is longer longer the US though. As Jennifer Lee from BMO notes, China has become Japan’s #1 export destination.

In the US, however, equity futures are looking for a higher open. Dow Futures are up 6 points to 10,144 and S&P 500 Futures are trading 2.00 points higher at 1,089.

Meantime, commodities are mixed: WTI Crude oil is trading 27 cents higher to $74.98 per barrel, but Spot Gold is down $1.08 to $1,096.47.

Key Events Today: 

10:00 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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