The Day Ahead: Markets Shaky Ahead of ADP Jobs Data
Posted To: MND NewsWire
After the mixed equity session yesterday stocks continue to drift ahead of key employment data and a comprehensive survey of the services, financial, and construction industries. As of 7:00, Dow futures are 19.00 points to 10,496, extending the 12-point loss seen on Tuesday. S&P 500 futures are down 3 points to 1129.25, offsetting the 3.5-point gain yesterday. Commodities are mixed with WTI Crude oil down 18 cents to $81.59 per barrel but Spot Gold up $3.75 to $1121.75 per ounce. Also, in the wake of comments from a European Central Bank member who said the EU would not be rescuing Greece, the greenback rose and the euro initially sank but then rebounded. “The comment by executive board member Jürgen Stark in Italy's Il Sole newspaper initially sent the euro reeling lower…(read more)
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