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    Indices drift modestly higher as earnings season revs up

    US Mid-Morning Recap by TradeTheNews Staff - Dow components that reported today included DD –2%, JNJ –0.9% and UTX +2.8% while shares of MCD +1% are expected to report tomorrow. Tech is experiencing a little bit of relief helped by the semis. TXN is adding 4% as traders look to be...
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    Energy Market Preview

    Energy Market Preview by Trade the News Staff - The EIA releases its weekly energy inventory data tomorrow. According to a major wire survey, crude inventories are expected to have risen 1.3M barrels last week, gasoline inventories to have increased 1.7M barrels and distillate inventories to...
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    Treasury Market Preview

    Treasury Market Preview by Trade the News Staff - In focus today are the releases of Leading Indicators for Dec. and the Richmond Fed Index for Jan. Leading Indicators are expected to rise 0.2% and the Richmond Fed Index is seen climbing to 4 from -6. No Fed officials are speaking today. In...
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    European Market Update

    - After a positive open the European indices are currently experiencing mixed trading levels in the session with the DAX and the CAC in negative territory, while the STX50, FTSE100, and SMI are in positive territory. - European government bonds are trading relatively flat today as traders...
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    Asian Market Update by Trade The News Staff

    Asian Market Update: Chip related stocks decline on fears that the industry has past its peak - Equities: Asian equity markets declined, tracking the lower close on Wall Street. Tech stocks traded lower as traders chose to book some profits after record closes in Japan and Australia...
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    Indices under pressure from a rebound in crude and continued weakness in tech

    US Mid-Morning Recap by TradeTheNews Staff - The tech heavy NASDAQ is again seeing selling pressure after losing more than 50 points last week and dramatically lagging the Dow and the S&P. The SOX Index is off 1.3% while weakness can also be found in computer, networking and software...
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    Energy Market Preview

    Energy Market Preview by Trade the News Staff - Qatar's Oil Minister said today that there is no agreement among OPEC members to hold an emergency meeting. - The Norwegian oil minister commented today that he does not see lower oil prices in the future. - On the weather front, Accuweather...
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    Treasury Market Preview

    Treasury Market Preview by Trade the News Staff - On the U.S. calendar today at 10:00 a.m. is the release of Leading Indicators for Dec. Leading Indicators are expected to have risen 0.2%. In Fed speak, Yellen is speaking on the U.S. economy this afternoon at 3:20 p.m. Looking ahead to the...
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    European Market Update

    -The European indices are currently trading in positive territory in the session led by energy companies as oil prices rebounded off of recent lows over the past few days. - European Government Bonds are currently trading higher in the session on technical factors, as are gilts over in the UK...
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    Asian Market Update by Trade The News Staff

    Asian Market Update: Strong US consumer sentiment data push Asian equities higher - Australia Q4 PPI index rose inline with expectations (Q4 PPI QOQ: 0.2% V 0.2%E; YOY: 3.5% V 4.0% PRIOR). Following the release the AUD rose to session highs, where it is currently holding, as trader placed...
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    Indices drift a little higher after several key earnings reports

    US Mid-Morning Recap by TradeTheNews Staff - C –0.75%, GE –2% and IBM –4% are all moving lower after reporting Q4 and 2006 numbers. Feb Crude futures ($51.15) are bouncing a bit after briefly trading below $50 yesterday afternoon. A positive reaction to SLB”s +4% earning’s report...
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    Energy Market Preview

    Energy Market Preview by Trade the News Staff - The head of the IEA, Mandil, said today that the oil market is adequately supplied and producers should avoid reducing output further to preserve consuming countries' stocks. He added that consumers and producers are less nervous about the...
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    Treasury Market Preview

    Treasury Market Preview by Trade the News Staff - On the U.S. calendar there is one release today - the preliminary reading of the University of the Michigan Confidence Index for Jan. The index is seen rising to 92 from 91.7. In Fed speak, Rosenblum is speaking on the economic outlook in...
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    European Market Update

    The European indices are currently trading well into negative territory after opening lower in the session. The stock decline in Europe was led by the technology sector on increasing speculation that growth in the computer industry is slowing. After falling through the 15-year up-trend line...
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    Asian Market Update by Trade The News Staff

    Asian Market Update: Yen continues to soften as traders ignore a close vote to leave rates on hold - New Zealand's November retail sales fell by 0.2% m/m v -0.1%e, as a decline in car sales dragged the headline number down. The soft retail data caused the Kiwi to decline across the board...
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    Tech and Oil Services hold down Indices

    US Mid-Morning Recap by TradeTheNews Staff - Bellwether AAPL has given back close to 5% following its earnings release, while disappointing guidance from LRCX –13% has the semis and cap equipment names keeping pressure on the NASDAQ. SMH –3.4% NSM –1.8% BRCM –4% MRVL –3.5% KLAC...
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    Energy Market Preview

    Energy Market Preview by Trade the News Staff - The EIA releases its weekly energy inventory data today at 10:30 a.m. Crude inventories are expected to have risen 100K barrels, gasoline inventories to have climbed 2.225M barrels and distillate inventories are seen up 1.35M barrels. The...
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    Treasury Market Preview

    Treasury Market Preview by Trade the News Staff - In focus today are the releases of CPI for Dec., Initial Jobless Claims and Continuing Claims as well as Housing Starts and Building Permits for Dec. and the Philly Fed Index for Jan. CPI is expected to have risen 0.4%, while CPI ex-food and...
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    European Market Update

    - The European indices are currently trading in positive territory in the session as rising energy and metals prices helped push stocks higher. As earnings season has commenced Germany’s Merck released earnings today which were received positively by investors, while Novartis released poorly...
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    Asian Market Update by Trade The News Staff

    Asian Market Update: Bank of Japan leave rates unchanged to assess more data - After coming under pressure from the Japanese government to support the Japanese economy through their monetary policy, the BoJ kept rates unchanged in order to assess more data. The BOJ voted by 6-3 in favor of...
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