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Mixed US Producer prices (PPI) send stock futures higher-check out the S+P 500
The US March Producer Price Index (PPI) has just been released. As noted here earlier today, the markets were looking for an increase in the non-core and core annualised readings last month. Well, that is not quite what we got. The annualised rate rose to 2.1% and the core rate rose by 2.4% . That core was actually above consensus, but it has not helped the dollar. The EUR/USD is now rebounding towards 1.0740, which does not make that much sense. Just ahead of this data the US stock market futures were still nearer to session lows, than they were to earlier session highs. The impact of this data has served to push them all higher just now. The S+P 500 was pricing an opening to as low as 5,135. It is now pricing it at 5,160.
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
