U.S. equity futures (/ES) are postured for a lower open to start off the week after more disappointing manufacturing data from China hints at wider implications for the global economy. China’s PMI has contracted for the 4thconsecutive month and slipped well below expectations. Continued trouble out of Ukraine also continue to weigh on market sentiment following a weekend of a Ukrainian offensive attempting to pave the way for elections slated for later this month. The ongoing crisis continues to be fluid and will be watched closely as a key driver for the week ahead. The 10 year is near a 2.57% yield reaching the lowest levels since February defying analyst forecasting of higher rates as investors flock to safety. Gold Futures (/GC) are showing a near 1% improvement again this morning following Friday’s strong close.
Earnings season continues to wind down this week and will likely dictate the trading mood with little economic news scheduled with the exception of Fed Chairman Yellen’s testimony on Wednesday. Several key markets including the U.K. and Japan are both closed today and may likely contribute to lighter volumes. Look for the monthly release of the TD Ameritrade IMX Index later this morning which will offer a unique perspective into retail investor sentiment and highlight the most widely traded positions in the month of April.
Stock Stories:
Target (TGT) – Missing the mark? –Targets CEO steps down following heat from the ongoing credit card security debacle. Shares are trading lower pre-market as a result.
Major Economic Reports:
9:00 am CT – Non-Manufacturing PMI
11:30 am CT – TD Ameritrade IMX Index
Notable Earnings:
Monday - 5/5:
Before Market: OXY, OWW, PETS, PFE, SYY, TESO, TSN
After Market: AIG, APC, LF, NTK, PZZA, PRI, SMG, THC, TXRS, VND
Tuesday - 5/6:
Before Market: AVTI, CBOE, CNK, COCO, DTV, NUS, OPP, TW, TRIP
After Market:ALL, COKE, DIS, EA, FEYE, FMD, GRPN, MRO, PBPB, VTSS, WFM, ZAGG |
发表于 2014-5-5 08:53
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