What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. A Survey of about 500 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.
When? At 03:30am Eastern time.
Trading Tip: If the actual number is higher than the forecast, you can expect the EUR to rise.
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What is it? Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
When? At 08:00am Eastern time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.
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What is it? Orders for aircraft are volatile and can severely distort the underlying trend. The Core data is therefore thought to be a better gauge of purchase order trends. It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.
When? At 08:30am Eastern time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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USD and EURO are going up.
US 2Y, 10Y, 30Y Yield are on the rise.
NIKKEI 225 and DAX indices are on the rise.
Most of big firm Stocks in NASDAQ are in going up.
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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Greece lightning:
Investors are elated Monday morning as they expect top European leaders will reach an agreement with Greece over its debts and economic reforms. Monday is seen as a make-or-break day for the country as it tries to avoid defaulting and crashing out of the eurozone.
An official within the European Commission tweeted overnight that Greece has submitted a new proposal to its creditors that would provide a "good basis for progress" during a meeting of top eurozone leaders. And the European Central Bank agreed to provide yet more emergency funding for Greek banks. The ATHEX index in Greece is up 8% while the main indexes in Germany and France are rallying by just over 3%.
U.S. stock futures are also rising by about 1%.
Nearly all Asian markets ended the day with healthy gains, though the Shanghai Composite was closed for a holiday
2. Stock market mover:
Williams Companies: Shares in Williams Companies (WMB) are rising by nearly 30% premarket after the natural gas company turned down an unsolicited takeover bid, but said it was open to other offers and "strategic alternatives."
Energy Transfer Equity (ETE) confirmed it made the proposal for an all-equity takeover that valued Williams Companies at $53.1 billion, including debt and other liabilities.
Williams' stock is currently trading around $62 per share, just below the offer price of $64 per share.
3. Earnings and economics:
Fast food chain Sonic (SONC) will report after the close. Sonic's share price is up 23% from this time last year.
At 10 a.m. ET, the National Association of Realtors will release its existing home sales report for the month of May. In April, existing home sales were down by just over 3% due to low supply levels.
4. Weekly market recap:
U.S. stock markets were relatively strong throughout last week, but slouched on Friday. Looking at the week as a whole, the Nasdaq jumped by 1.3% and hit an all-time high on Thursday. The S&P 500 edged up by 0.8% over the same period, and the Dow Jones industrial average rose by 0.7%. Stocks in global markets, the euro, and the euro zone bonds all rose today, following a wave of optimism that Greece and its international creditors will come up with a last minute deal that will help Greece avoid default.
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What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. A Survey of about 430 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.
When? At 09:45pm Eastern time.
Trading Tip: If the actual number is higher than the forecast, you can expect the CNY to rise.
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What is it? It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.
When? At 10:00am Eastern time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? Heads of state from Eurozone countries, including ECB President Mario Draghi and International Monetary Fund Managing Director Christine Lagarde, are due to meet about Greece's current agreement with the European Financial Stability Facility (EFSF), in Brussels.
When? All Day
Trading Tip: This announcement can greatly affect the EUR so make sure to follow it!
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What is it? Eurogroup meetings are usually held in Brussels and attended by the Eurogroup President, Finance Ministers from euro area member states, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. They discuss a range of financial issues, such as euro support mechanisms and government finances. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded.
When? All Day
Trading Tip: This announcement can greatly affect the EUR so make sure to follow it!
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USD is rising against most of the major Currencies.
Copper and Crude Oil are declining.
Nikkei 225 is on the rise.
Twitter Stock is rising.
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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Greek drama:
European markets are pushing higher in early trading, despite the fact that Greece and its creditors were unable to reach a deal on the country's debt crisis Thursday. Traders appear to be taking the news in their stride as they hope for a last-minute deal at a meeting of top EU leaders Monday.
Without an agreement very soon, Greece could miss a payment to the International Monetary Fund due at the end of the month, making it the first developed country to ever default on IMF debt.
2. Chinese correction:
The main Chinese stock markets in Shanghai and Shenzhen have officially entered correction territory, with each of the key indexes down by about 13% over the last few days.
Investors have grown increasingly wary of what many analysts describe as a bubble.
3. Calm in the U.S.:
U.S. stock futures are looking remarkably placid despite the turmoil overseas.
The Nasdaq closed at an all-time high -- 5,132.95 points -- Thursday after surging 1.3%. It also set an intraday record of 5,143.32, topping the previous all-time high of 5,132.52 from more than 15 years ago.
The Dow Jones industrial average and S&P 500 also jumped by 1% on Thursday.
4. Market movers:
ConAgra, Macerich: ConAgra Foods (CAG), a Nevada-based food company, saw a 7% jolt in its stock in extended trading after hedge fund JANA Partners announced it bought 7.2% of the company's shares.
In a disclosure filed with the SEC, JANA Partners said ConAgra's share are "undervalued and represent an attractive investment opportunity."
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What is it? Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
When? At 8:30am eastern time
Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.
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What is it? Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.
When? At 8:30am eastern time.
Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.
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What is it? It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.
When? At 2:31am eastern time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the JPY to rise.
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U.S. stocks are on track for a 3-day winning streak.
Headline inflation jumps in May. Jobless claims drop to 267,000.
U.S. stocks opened higher on Thursday as investors digested a number of upbeat economic reports and a day after the Federal Reserve struck a dovish tone and emphasized that rate hikes will come at a slower pace than expected.
Gold futures are climbing, helped by pullback in the U.S. dollar as the Federal Reserve signals it will raise interest rates at a gradual pace.
Oil markets rallied on Thursday on the back of a weaker dollar as investors weighed mixed U.S. oil inventory data. West Texas Intermediate futures for July were trading up 1% at $60.53 a barrel, while Brent crude for August delivery rose 1.1% to $64.60 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange.
The U.S. dollar fell to a one-month-low after the U.S. Federal Reserve signaled Wednesday it will go slow with any interest-rate increases. As oil is priced in dollars, it becomes more expensive for holders of other currencies as the greenback appreciates.
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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Fitbit steps into the market:
Fitbit, the firm that fashions techy fitness trackers, is making its stock market debut Thursday. The initial public offering was priced at $20 per share, setting the value of the firm around $4 billion. Shares will begin trading on the New York Stock Exchange under the symbol "FIT".
2. Stock market overview:
Market sentiment is getting dragged down by worries that Greece and its creditors will not be able to reach a deal. Greece could be just weeks away from defaulting on its debts, and Thursday is seen as a critical day for political leaders to finalize an agreement. If they can't get a deal, many are predicting doomsday scenarios for the indebted nation. The risks surrounding Greece have pulled down European markets, which are all in the red in early trading.
3. Stock market mover
Oracle: Shares in software company Oracle (ORCL, Tech30) are off by about 7.5% premarket following worse-than-expected earnings. The company reported its revenues were down 5% in the latest quarter as it was hit hard by the strengthening U.S. dollar.
4. Earnings and economics:
Rite Aid (RAD) and Kroger (KR) are reporting their latest earnings before the market open. Kroger is one of the largest supermaket chains in the world, and its stock is up 55% over the past 12 months -- though food cost inflation and lower revenues from fuel sales may hurt the company's revenue.
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