Buy My Book Here

Fox News Ticker

Please check out my new books, "Prosecutors Gone Wild: The Inside Story of the Trial of Chuck Panici, John Gliottoni, and Louise Marshall" and also, "The Definitive Dossier of PTSD in Whistleblowers"

Tuesday, July 28, 2009

Morning Market Report

The markets might finally be poised to take a breather. All three indices are down between a half and a full percent in pre market trading. The Dow and the S&P were up just slightly a bit less than a quarter of a percent on the Dow and about a half a percent on the S&P while the NASDAQ was down slightly yesterday. Deutshe Bank's shares were sent lower after it announced it set aside $1.4 billion for bad loans, more than analysts expected.

Office Depot, Viacom, and Unisys lead the company coming out with earnings today. The S&P/Case Shiller Index, which measures the value of single family homes, will come out in about fifteen minutes. There's been a lot of good housing news lately and so this will likely be viewed with great interest.

The Ten Year U.S. Treasury is trading below 3.7% at 3.68% again. More of the record $115 billion in Treasury Bonds will be auctioned off today. Oil is back below $68 per barrel currently at $67.84 a barrel. Currencies are all fairly flat so far. The Dollar is up .01% against the Euro, down .03% against the British Pound, and and down .59% against the Yen.

Meanwhile, around the world, the Chinese Hang Seng continues its climb up 1.84%, the Japanese NIKKEI was basically even down .01%, while the Straits Time Index in Singapore was up 1.84%. In Europe, the British FTSE was down .8%, the German DAX was up .48%, and the Spanish index was up .68%.


All information here is meant for informational purposes and not meant as an endorsement of an investment and shouldn't be taken as such. I am NOT a licensed investment professional and all investment strategies should be made on a personal level.

1 comment:

Anonymous said...

At this point I'm starting to wonder if corporate earnings are even relevant anymore, especially if they're actually linked to all these job losses.