Friday, October 5, 2012

DailyMarkets.com - Equity Indices Near Yearly Highs Ahead Of Unemployment Report

DailyMarkets.com - Equity Indices Near Yearly Highs Ahead Of Unemployment Report

Equity Indices Near Yearly Highs Ahead Of Unemployment Report

Posted: 05 Oct 2012 09:18 AM PDT

Friday, October 5, 2012
The Non-Farm Payrolls (“NFP”) report for September may be the next catalyst that determines whether equities will continue their move to yearly highs or if we will start to see cracks occur in this current bull market. Weekly jobless claims rose by 4,000 last week, which is slightly below some analysts’ estimates and should not alter pre-report estimates for this morning’s employment data.
Fundamentals
Though the front month E-mini S&P 500 futures are up nearly … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

After A Massive Rally, Oil Prices Lose Some Steam

Posted: 05 Oct 2012 08:57 AM PDT

10/05/12 Front month crude prices were trading lower after the previous session saw a rally by nearly 4%, but prices did come off their lows for a period of time after the release of the improved U.S. unemployment … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Risk Appetite Rebounds On U.S. Jobs Data

Posted: 05 Oct 2012 03:38 AM PDT

10/05/12 Risk appetite continued to show its strength as the week nears its end following strong jobs data that included a lower uneployment … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stocks Start Strong On Jobs Data, India’s Flash Crash

Posted: 05 Oct 2012 02:50 AM PDT

10/05/12 Global stocks were rising Friday following the release of improved U.S. jobs data. Meanwhile, nearly $60 billion was wiped from the value of Indian companies after a flash crash caused the Nifty to fall to low of 15.5% from Thursday’s … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Pakistan Cuts Rate To 10% On Improved Inflation Outlook

Posted: 05 Oct 2012 07:16 AM PDT

    The central bank of Pakistan cut its policy rate by another 50 basis points to 10.0 percent, a move that was expected by economists, due to an improved outlook for inflation.
    The State Bank of Pakistan (SBP), which also cut its policy rate by 150 basis points in August, for a total of reduction of 200 basis points this year, said inflationary expectations persisted due to high rates in the past, but this may change as inflation continues to decline.
  … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

October Employment Report: What Really Happened?

Posted: 05 Oct 2012 07:13 AM PDT

Was the unemployment report released this morning gamed by the powers that be in Washington? Former General Electric CEO Jack Welch thinks so and had this to say in a tweet released right after the report:

Well, while Welch and many others believe a conspiracy is at work, let's take a harder look at the numbers.
How is it that the rate could drop by .3% while the actual number of jobs created came in line with expectations at 114k? Prior months revisions of +86k jobs added helps, but … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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