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Asia mixed, Europe falls, U.S. futures signal lower opening on weak Chinese trade data.
International
Asia
- Asian stock indexes were mixed today as investors weighed the weak Chinese, U.S. and Japanese data against the probability of central bank stimulus.
- The Nikkei eased 0.03 percent; KOSPI slipped 0.25 percent; Shanghai Composite advanced 0.34 percent; Hang Seng rose 0.13 percent; S&P/ASX 200 dropped 0.18 percent.
- Chinese trade data fell below expectations and signaled that growth in China might be slowing. Exports grew at 2.7 percent, while economists expected 3 percent growth. Also, imports fell 2.6 percent, while economists forecasted 3.5 percent growth.
Europe
- European stock indexes slipped today due to unexpected falls in Chinese imports and Greece's continued problems to qualify for aid payments. Expect movements in the Vanguard MSCI Europe ETF (NYSEArca: VGK).
Domestic
- U.S. stock futures indicated a lower opening due to weak Chinese trade data that showed growth in China is slowing down.
Commodities
All commodities news is as of 8:35 a.m. ET.
Gold and Silver Decline
- Gold slipped 0.38 percent, or $6.57, to $1729.07. Expect falls in the SPDR Gold Shares physical bullion ETF (NYSEArca: GLD).
- Silver eased 0.39 percent, or $0.13, to $33.55. Expect decreases in the iShares Silver Trust (NYSEArca: SLV).
WTI Falls and Brent Oil Advances
- The October contract for WTI crude oil declined 0.19 percent, or $0.18, to $96.24 per barrel.
- The October contract for Brent crude oil rose 0.34 percent, or $0.39, to $114.64 per barrel.
- Look for decreases in the United States Oil Fund (NYSEArca: USO) and increases in the United States Brent Oil Fund (NYSEArca: BNO).
Fund Flows
None as of yet today
ETF Launches
None as of yet today
ETF Filings
None as of yet today
Economic Calendar
Domestic
- Consumer Credit - 3:00 p.m. ET
Europe
◦ Industrial Production - 2:45 a.m. ET
◦ GDP - 4:00 a.m. ET
Asia/Pacific
◦ Merchandise Trade Balance - TBD |
