Monday, March 11, 2013

DailyMarkets.com - Solid Payrolls Data Keeps Equities Rally Alive

DailyMarkets.com - Solid Payrolls Data Keeps Equities Rally Alive

Solid Payrolls Data Keeps Equities Rally Alive

Posted: 11 Mar 2013 12:17 PM PDT

Monday, March 11, 2013
Equity futures got a boost on Friday, as the February Non-Farm payrolls report showed signs of continued improvement in the U.S. employment picture. Many traders continue to shed positions in commodities, especially U.S. Treasuries, as assets return to the global equities markets.
Fundamentals
The U.S. Labor market continued to show signs of improvement in February, as the Labor Department reported 236,000 jobs were created last month. This was well above the market … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Mozambique Holds Rate, Flooding Could Pressure Reserves

Posted: 11 Mar 2013 12:04 PM PDT

    Mozambique’s central bank held its benchmark interest rate on the standing lending facility steady at 9.5 percent, saying it was focused on ensuring economic and financial stability following widespread flooding that has impacted economic activity, inflation and the balance of payments.
    The Bank of Mozambique (CPMO), which cut rates by 550 basis points in 2012 but has held rates steady since November, said the “domestic economic situation continued to be … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Rarified Air Midday

Posted: 11 Mar 2013 11:18 AM PDT

Cusick’s Corner 03-11-2013 Midday
The range action continues into the Midday and that is how I expect the balance of the trading day to continue. This type of action reminds me of when I was on the floor in 1999 when good news was the talk and negative news just did not shake the market. I am treating the stalemate at these levels, 1550 on the SPX, as a zone of last ditch conviction on the side of the sellers who are looking rather tired right now. But do not get complacent or caught up in a … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Slides On Job Growth, Fed Speculation

Posted: 11 Mar 2013 05:24 AM PDT

03/11/13 The price of oil fell slightly Monday after strong jobs growth in the U.S. sparked speculation of an earlier end to the Federal Reserve’s loose monetary … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar At 3.5-year High Vs. Yen

Posted: 11 Mar 2013 05:22 AM PDT

03/11/13 The dollar steadied near a 3-1/2-year high against the yen and held its ground against other major currencies Monday morning on increasing optimism about the strength of the U.S. economic … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Cardillo: “Market Taking Breather…not To Say Markets Won’t March Higher”

Posted: 11 Mar 2013 10:19 AM PDT

03/11/13 Rockwell Global Capital’s Peter Cardillo talks equity market action on a quiet Monday. The Fitch downgrade of Italy’s sovereign debt rating and the latest economic data from … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Stocks Hug Flat Line After Record Highs

Posted: 11 Mar 2013 03:02 AM PDT

03/11/13 US equities kicked off the session in negative territory but pared earlier weakness. Global growth worries and concerns about this week’s US budget talks were in focus amid a lack of major economic … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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