|
Global economic concerns continue to overhang equities markets.
International
Asia
- Asian stock indexes dropped due to increasing tensions between China and Japan and slowing global growth.
- The Nikkei slid 0.39 percent; KOSPI increased 0.13 percent; Shanghai Composite dropped 0.91 percent; Hang Seng fell 0.27 percent; S&P/ASX 200 eased 0.18 percent.
Europe
- European stock indexes sunk today after investors believed that increases in stocks over the past few weeks did not reflect improved situations in the eurozone especially regarding the debt crisis. Check for declines in the Vanguard MSCI Europe ETF (NYSEArca: VGK).
- German investor confidence measured by the ZEW Survey rose to -18.2 in September from -25.5 in August, and had a greater value than the -20 expected by analysts. Part of the increase was due to the ECB's action in purchasing bonds to contain the effects of the debt crisis.
Domestic
- U.S. stock futures indicated a lower opening due to continued problems in Europe and slower global growth.
Earnings
◦ 1st Quarter – 8:30 a.m. ET
◦ Expected EPS = $1.40
◦ ETF Movements
▪ iShares Dow Jones Transportation Average Index Fund (NYSEArca: IYT)
Commodities
All commodities news is as of 7:50 a.m. ET.
Gold and Silver Drop
- Gold declined 0.14 percent, or $2.49, to $1758.98. Expect slips in the SPDR Gold Shares physical bullion ETF (NYSEArca: GLD).
- Silver fell 0.03 percent, or $0.01, to $34.19. Expect slight decreases in the iShares Silver Trust (NYSEArca: SLV).
WTI and Brent Oil Fall
- The October contract for WTI crude oil declined 0.46 percent, or $0.44, to $96.18 per barrel.
- The November contract for Brent crude oil decreased 0.31 percent, or $0.35, to $113.44 per barrel.
- Look for slight decreases in both the United States Oil Fund (NYSEArca: USO) and 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
- ICSC-Goldman Store Sales - 7:45 a.m. ET
- Current Account - 8:30 a.m. ET
- Redbook - 8:55 a.m. ET
- Treasury International Capital - 9:00 a.m. ET
- Housing Market Index - 10:00 a.m. ET
Europe
◦ CPI
◦ - 4:30 a.m. ET
◦ ZEW Survey - 5:00 a.m. ET
Asia/Pacific
◦ Bank of Japan Announcement - TBA |
